MetLife, Inc. (NYSE:MET) announced today that MetLife Foundation has committed $20 million over the next five years to Sesame Workshop, the nonprofit educational organization behind Sesame Street, to advance financial capability among low and moderate-income families with young children throughout the world. The funding, which is part of MetLife Foundation’s $200 million, five-year commitment to financial inclusion, will create educational content and multimedia programs that will reach close to 75 million people worldwide.
This new initiative will reach up to 10 countries over five years and will be specifically tailored to address the needs of families in each targeted country. In 2014, it is expected to launch in Brazil, China, India and Mexico, and the program will expand to Europe and the Middle East in the coming years. The program will also take advantage of multiple platforms relevant to each country and may include digital media, broadcast content, community outreach, local events and seminars, and MetLife employee and volunteer engagement opportunities.“Sesame Workshop has a proven track record of educating communities in need worldwide and positively impacting behavior,” said Dennis White, CEO and president, MetLife Foundation. “We see our partnership with Sesame Workshop as a powerful way to advance our new vision for financial inclusion throughout the world, and we look forward to collaborating over the next five years to help more families prepare for their futures.” MetLife Foundation and Sesame Workshop have previously partnered to effectively bring critical healthy habits messaging and content to children and caregivers in Brazil, India, Mexico and the United States. MetLife Foundation was created in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Today, the Foundation is dedicated to advancing financial inclusion, committing $200 million over the next five years to help build a secure future for individuals and communities around the world. MetLife Foundation is affiliated to MetLife, Inc. a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. To learn more about MetLife Foundation, visit www.metlife.org. Sesame Workshop is the nonprofit educational organization behind Sesame Street, the landmark television program that reaches millions of children every day in more than 150 countries. The Workshop’s mission is to use the educational power of media to help children everywhere reach their highest potential. Delivered through a variety of platforms, Sesame Workshop develops research-based content – including television programs, books, games, mobile apps and community engagement initiatives – that supports early childhood learning, helps prepare children for school, and addresses developmental needs. The Workshop’s programs are tailored to the needs of specific regions and focus on topics that help young children and families develop critical skills for lifelong learning. For more information, visit us at www.sesameworkshop.org.
|1||The World Bank (2012). Who Are the Unbanked?: Uncovering the Financial Inclusion Gap.|