Nationally, the Foundation contributed $425,000 to SaverLife, a nonprofit fintech to give cash support to around 800 SaverLife clients facing economic instability as a result of COVID-19.
“With MetLife Foundation’s support and by leveraging our existing technology, SaverLife is uniquely poised to provide effective and rapid economic support to working families facing unprecedented financial uncertainty.” – Leigh Phillips, CEO, SaverLife
In Asia, MetLife Foundation has committed more than $2.3 million across 10 countries to support immediate healthcare needs, as well as to provide food supplies and meet other financial needs for low-income families most affected by the pandemic.
MetLife Foundation responded rapidly in January 2020 during the early days of the pandemic. In partnership with MetLife China, the Foundation donated approximately $450,000 to the Chinese Red Cross for reconstructing Dabie Mountain Regional Medical Center and providing essential supplies to frontline healthcare workers in Hubei Province. The Foundation also provided $300,000 to Henghui Children’s Charity Foundation (HCCF) cover educational expenses for more than 50 children who lost a parent in the fight against the pandemic.
To help address a nationwide shortage of facemasks, MetLife Korea employees, agents, customers, and family members participated in a volunteer-from-home event organized by MetLife Korea Foundation. The volunteers assembled 2,000 kits providing facemasks and sanitizers for senior citizens living alone.
“Since the outbreak of COVID-19, many frontline workers in China sacrificed themselves to save others’ lives, which left many children without a parent. In addition to the psychological trauma to those children, they will also face many hardships in the future, such as financial difficulties for education and single parents’ unable to give them adequate and appropriate psychological care especially as the single parents are still in great grief. The funds from MetLife Foundation will allow us to provide growth and education funds to those families to ease their financial burden of and ensure the children can receive a good education.” – Xia Chunwei, Secretary General, HCCF.