Bank of America is awarding more than $4 million in grants to Southern California nonprofits in its first round of funding
First round of grants to 152 community organizations supports basic needs, workforce development and education in Southland’s vulnerable communities
Bank of America announced today that it recently awarded more than $4 million in grants to 152 nonprofit organizations in Southern California to help stimulate economic opportunity for individuals and families. This first round of grants from the bank focuses on workforce development and education to help people chart a path to employment and a better economic future, as well as providing access to basic needs that are fundamental to building lifetime stability.
Southern California remains one of the mostexpensive placesto live in the country and with rising inflation the cost of basic necessities such as shelter and food in the regionare among the highest in the country. This round of grants from Bank of America helps alleviate this financial strain, especially for disadvantaged communities, by supporting nonprofit programs that provide job retraining and career pathways, hunger relief, affordable housing/shelter and health care.
“Investing in nonprofits addressing basic needs helps people overcome barriers to economic opportunity and capital,” said Raul Anaya, president of Bank of America Los Angeles.“This recent philanthropic investment in Southland nonprofits is just one way Bank of America is deploying capital locally to increase economic mobility and help our communities at large.”
Among the nonprofits in Los Angeles, Orange, Riverside and San Bernardino counties receiving the grants isFamily home in LA, a leading organization helping people escape homelessness and poverty through a continuum of housing and support services. The bank’s financing supports its development and real estate programs.
“More people are on the brink of homelessness or need resources to permanently break the cycle of poverty or homelessness, which requires a huge public-private commitment. We are grateful for Bank of America’s continued support of our impactful programs,” said Stephanie Clasky-Gamer, President and CEO, LA Family Housing.
Recipient,Girls Inc. from Orange County, provides financial literacy, STEM, healthy body image, healthy relationships, and college and career readiness for girls and young women ages 5-18. The bank’s funding supports The Girls Meet the Workforce program, which provides high school girls with job readiness and life skills training. 11th and 12th graders also have the option of a summer internship with a local organization with a stipend and career mentor.
“The pandemic has been harder on women than men, and it has hit industries where women’s employment is more concentrated,” said Lucy Santana-Ornelas, CEO of Girls Inc. from Orange County. “Our partnership with Bank of America will allow us to level the playing field for many young women in Orange County.”
Inland Empire NonprofitGrowing internal achievements is a regional K-16 education network of educational, government, nonprofit and business partners working for educational and economic success.The Bank of America grant helps fund the Adult Reentry Action Network team, providing educational and employment opportunities for marginalized adults.
“Our goal is to make Riverside and San Bernardino counties a recognized leader in developing a well-educated workforce, thriving communities and a vibrant economy,” said Carlos Ayala, President and CEO, Growing Inland Achievement. “Critically important support from partners like Bank of America helps us scale our programs and pursue our goal of providing reliable career paths for adults.”
These grants are the initial round of dollars going to local nonprofits this year, with more to come throughout the year. Last year alone, Bank of America awarded more than $14.5 million in grants to local nonprofits, and employees volunteered more than 69,000 hours for local causes in Southern California.
Additional information about Bank of America Charitable Foundation donations can be found at https://about.bankofamerica.com/en/making-an-impact/charitable-foundation-funding.
Bank of America Awards More Than $4 Million in Grants to Southern California Nonprofits In First Round of Funding – Los Angeles Sentinel | Los Angeles Sentinel Source link Bank of America Awards More Than $4 Million in Grants to Southern California Nonprofits In First Round of Funding – Los Angeles Sentinel | Los Angeles Sentinel