Bank of America Commits $13 Million to Chicago-Area Nonprofits Working to Improve Economic Opportunity and Advance Racial Equity
“Over the past 10 years, Skills has helped more than 10,000 Chicagoans find a pathway to economic security, in large part due to the support from our longtime partners like Bank of America,” shared Pamela Tully, Chief Program Officer at Skills for Chicagoland’s Future. “Partnerships like this are instrumental to expanding our efforts and deepening our impact in the communities we serve.”
Additional 2022 Bank of America grant recipients include Chicago Community Loan Fund, whose president Calvin Holmes was recognized with the Bank of America Neighborhood Builders Racial Equality Award in honor of his contributions to breaking racial barriers and creating opportunities for people of color; St. Leonard’s Ministries, who directed the bank’s grant funding toward the hiring of a full-time case manager for its Michael Barlow Center, which helps prepare formerly incarcerated individuals for reentry into the labor force; and My Block My Hood My City, which provides local youth with mentorship and engagement opportunities so they become active participants in shaping Chicago’s future.
Bank of America’s support for Chicagoland’s philanthropic network and volunteer investments play a key role in its effort to help build and sustain thriving communities. Since 2017, the Bank of America Charitable Foundation has provided $42 million in grants and matching gifts in the Chicago market, and the bank’s local teammates have recorded more than 216,000 volunteer hours.
For more information about Bank of America’s commitment to the Chicago area, please visit our About Us Chicago page.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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Diane Wagner, Bank of America