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Bank of
America
awards
$5
Million
to
Nonprofits
focused
on
Economic
Mobility
and
COVID-related
assistance
in Metro
Detroit
DETROIT
- The
Bank of
America
Charitable
Foundation
celebrated
its
annual
“Detroit
Day of
Giving”
on
November
12, an
annual
day in
the
Bank’s
schedule
that
focuses
on
connecting
Bank of
America’s
teammates
with its
partner
organizations
that
deliver
resources
and
relief
that
advance
pathways
to
economic
mobility
and
social
justice.
The
Foundation
distributed
an
excess
of $5
million
in
grants
to local
organizations
that
create
pathways
to
employment,
provide
job
training,
support
food
access
and
distribution,
advance
home
ownership,
provide
for
shelter
services
and to
strengthen
small
business
and its
ecosystem,
all to
support
thriving
neighborhoods
and a
diverse
and
dynamic
residency
in
southeast
Michigan.
Grants
and
virtual
volunteerism
are a
part of
the
Bank’s
philanthropic
investments
that are
aimed at
improving
the
lives of
individuals
and
families
and
advancing
social
justice
in the
communities
in which
they
live.
As a
health
and
safety
precaution,
this
year’s
Day of
Giving
was held
virtually
–
connecting
Bank of
America
employees
with
organizations
and
their
leadership
teams to
listen
and
learn
about
how the
nonprofit’s
work
delivers
in the
community
and how
the
Bank’s
grants
help to
advance
that
mission.
Metro
Detroit
families
and
individuals
face
difficult
financial
decisions
every
day and
the
nonprofit
community
plays a
critical
role in
providing
some of
these
essential
services
that
help
people
find
their
way to
economic
stability
by
connecting
them to
programs
and
resources.
“We are
aware
that the
pandemic
has
challenged
many in
our
community
both in
terms of
their
health
and
safety
as well
as
economically,”
said
Matt
Elliott,
Michigan
market
president,
Bank of
America.
“It has
also
financially
impacted
nonprofits
which
provide
needed
essential
and
economic
services.
We are
dedicated
to
supporting
pathways
to
economic
stability
and we
are
proud to
support
people
and
programs
that are
devoted
to
building
strong
communities
and
neighborhoods.
This
year we
have
intensified
our
contributions,
both in
volunteerism
and
donations,
to
organizations
helping
those
impacted
by not
only the
coronavirus
pandemic,
but the
injustices
of
racial
inequality.”
Elliott
added,
“Over
the past
decade
we have
contributed
more
than $30
million
to
support
initiatives
that
focus on
job
creation,
employment
opportunities,
entrepreneurship
as well
as
essential
services
that
serve to
create
economic
stability.
Besides
financial
support,
we have
also
dedicated
our
human
resources
with
more
than
200,000
volunteer
hours
logged
by our
teammates
across
the
state.”
Organizations
that
received
grants
include:
Abayomi
CDC;
Central
Detroit
Christian
CDC;
National
Faith
Homebuyers;
Neighborhood
Service
Organization;
Develop
Detroit;
Ruth
Ellis
Center;
Global
Detroit;
Catholic
Charities
of SE
MI;
Detroit
Rescue
Mission
Ministries;
Gleaners;
United
Way for
SE MI;
Forgotten
Harvest;
Greening
of
Detroit;
Lighthouse
of
Oakland
County;
HAVEN;
Salvation
Army;
Chaldean
American
Ladies
of
Charity;
SAY
Detroit;
Focus:
HOPE;
Big
Brothers
Big
Sisters;
Teach
for
America;
Alternatives
for
Girls;
YMCA;
Jefferson
East,
Inc.;
Southwest
Detroit
Business
Association;
Detroit
Economic
Growth
Association;
TechTown;
Boys &
Girls
Clubs SE
MI;
Racquet
Up;
Detroit
PAL.
A
very
special
component
of Bank
of
America’s
Day of
Giving
is GIVE,
the
event
that
culminates
the
day’s
activities
where
the Bank
awards
its
Neighborhood
Builders,
celebrates
its
partners
and
acknowledges
its
Student
Leaders.
These
partnerships
and two
leadership
programs
are
demonstrations
of the
Bank’s
commitment
to build
community
with
cross-sector
partnerships
that
deliver
economic
mobility
and
social
progress,
while
educating
a new
group of
motivated,
dedicated
and
active
young
leaders.
Detroit
Future
City and
SER
Metro-Detroit
are
Detroit’s
2020
Neighborhood
Builders.
The two
nonprofits
will
receive
$200,000
each in
unrestricted
funds to
increase
their
impact
in the
community
through
program
expansion
coupled
with
leadership
training
for
their
executive
and
rising
leader.
Detroit
Future
City, an
independent
think
tank and
policy
advocate
focuses
on
Detroit’s
future
and the
implementation
of
strategy
recommendations
laid out
in its
Strategic
Framework,
a
50-year,
long-term
guide
for
decision-making
by all
Detroit
stakeholders.
This
vision
of
economic
equity
emphasizes
full and
fair
participation
of all
Detroiters
in a
prosperous
and
thriving
economy.
SER
Metro-Detroit,
founded
in 1971,
provides
skills
training
and
employment
placement.
Its
mission
is to
provide
the
private
sector
with a
diverse,
qualified
employees
while
cultivating
a
qualified,
adaptable
and
skilled
workforce
for
metro
Detroit.
Since
2004,
Bank of
America
has
invested
$260
million
in 50
communities
through
Neighborhood
Builders,
partnering
with
more
than
1,300
nonprofits
and
helping
more
than
2,600
nonprofit
leaders
strengthen
their
leadership
skills.
In
addition,
we’ve
introduced
Neighborhood
Champions,
a
program
in more
than 40
smaller
communities,
which
supports
the role
of
strong
nonprofit
leaders
to
advance
economic
mobility.
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