MetLife Foundation Announces Recipients of Its $10 Million Fund Aimed at Addressing the Income and Wealth Divide
Summary
"Our vision for the ACE Innovation Fund is to address the growing income and wealth divide and instill confidence for the future by investing in the visionary, bold, and forward looking solutions of todays leaders and non-profits. "The 2023 ACE Innovation Fund grantees have significant work or plan to implement their proposal in Atlanta, GA; Cary, Durham and Raleigh, NC; Chicago, IL; Newark, NJ; New York, NY; San Francisco, CA; or Tampa, FL. MDC, Inc. to implement the coordination of an Integrated Services Delivery Network of community-based organizations in Durham, NC, connecting low-income residents with public benefits, social supports and career training. MetLife Foundation is partnering with the Urban Institute Racial Equity Analytics Lab to study and measure the impact of each recipients interventions and Community Resource Exchange (CRE) to provide capacity building support for grantees and their staff. We collaborate with nonprofit organizations and provide grants aligned to three strategic focus areas - economic inclusion, financial health and resilient communities - while engaging MetLife employee volunteers to help drive impact.