Anyone who works in financial services comes to understand that financial well-being affects, and is affected by, virtually every other area of life—from health status to educational attainment to family formation and much more. So a person's ability to live the life he or she wants will depend, to a significant degree, on the ability to manage money. And the ability to manage money depends, in turn, on the availability of effective financial services—services grounded in a real understanding of the customers' needs. That is why the Foundation has committed to helping the two billion people around the world who live outside the financial mainstream acquire the tools they need to build better, more secure lives.
A customer-focused approach is the heart of what MetLife Foundation wants to achieve. We are excited about the insights emerging from our grant-making in behavioural economics, including insights about improving financial education by making it action-oriented. MetLife Foundation is pleased to share some of the exciting work our grantees are doing around our three thematic focus areas—Knowledge, Services, and Insights. We're grateful for the opportunity to work with some of the best organizations in the field and to share their work via high-profile partnerships. In addition to Financial Inclusion, the Foundation is committed to our local communities, investing in medical and health research, arts and culture, disaster relief, workforce readiness and more.
As we enter the second half of our five-year strategic plan, MetLife Foundation is on track against targets, disbursing nearly $100 million against our five-year goal of $200 million. Our portfolio continues to become more international in scope as well. But regardless of geography or size of disbursement, project type or specific tactics, MetLife Foundation's guiding principle remains the same. We work with partners driven to understand what customers need—and why—and then to deliver it conveniently, affordably, and efficiently.
On behalf of the Foundation's board and staff, thank you for your support of our work.
A. Dennis White
President & CEO, MetLife Foundation
To improve the financial lives of low-income people around the world by partnering with effective organizations that provide advice and access to high-quality financial services. The lessons that we and our partners learn are shared to continuously improve products and services.