Bank
of America Charitable Foundation Philanthropic Strategy At Bank of America,
we’re guided by a common purpose to help make financial lives better. Through
our focus on Responsible Growth, we deliver for our
teammates, clients and shareholders, while addressing economic mobility and
social progress focused on the needs of the community. We drive meaningful
and sustainable progress to help address society’s biggest challenges by
aligning all our resources – including our financing, our client products and
services, our philanthropy and how we manage our own activities. As part of this work, we develop strong partnerships with
nonprofit organizations focused on issues fundamental to economic mobility in
low- and moderate-income communities. We focus on improving the lives of
individuals and families by investing in health, jobs, and strengthening
broader community vitality by addressing needs related to small business
resiliency, and community development. Through our partnerships, we support vulnerable
populations, including working families, youth, seniors, individuals living
with disabilities, veterans, and those impacted by the criminal justice
system – enabling them to move forward in their goals. In 2024, the Bank of America Charitable Foundation will
issue two requests for proposals (RFPs):
Economic mobility focused on needs of individuals and
families
Health Too many communities across the United States do not have equal access to what is needed to live healthier lives. Within under-resourced communities, generations of lack of access to care and health resources have contributed to poorer health outcomes. We are focusing on programs and organizations who are working to address the economic and social conditions that influence family stability and an individual’s health, including access to quality community- based health services, crisis-prevention tied to family stabilization programs, and other poverty related issues. Examples:
Jobs
Employment is a key driver of economic mobility. That’s why we’re focused on building pathways to employment by supporting a range of workforce development opportunities, including education, upskilling and reskilling programs that will help individuals and families stabilize and advance. Examples:
Economic mobility focused on the needs of the
community
Affordable Housing
The current environment has underscored the importance of safe, decent
housing for an individual’s overall well-being, including health, educational
success and future employment opportunities. Yet for many, access to
affordable housing has become further out of reach while others struggle with
the possibility of eviction, foreclosure and homelessness. That’s why we
support the efforts of organizations working to preserve and increase access
to a mix of affordable housing options as well as other essential assistance.
Examples:
Neighborhood Revitalization
Vibrant communities are places where individuals can thrive and succeed and
have the opportunity to live and work with safe, decent housing,
transportation to jobs, strong business corridors and thriving arts and
culture districts. We support local and regional revitalization efforts,
taking a holistic approach to building inclusive communities, creating
economic opportunity and livable neighborhoods.
Examples:
Small Business Resiliency
Small Businesses help drive economic mobility and generational wealth and
play an important role in the overall health of our nation’s economy. In
response to the challenges small business owners face, we’re supporting
nonprofits assisting under-resourced entrepreneurs, including women and
minority business owners, as they address their short-term needs and help
them grow and scale.
Examples:
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“The illiterate of the 21st century will not be those who cannot read and write,
but those who cannot learn, unlearn, and relearn.”
-Alvin Toffler
Sunday, June 9, 2024
Grant Opportunities: Bank of America Charitable Foundation. Economic Mobility focused on needs of communities. Applications accepted until 6/21/2024
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