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Bank of America Awards More Than $1 Million to Rhode Island Nonprofits

The Bank of America Charitable Foundation today announced $325,000 in grants to seven Rhode Island nonprofits that address critical needs, such as hunger and shelter, and promote long-term financial wellness. These awards are in addition to $690,000 in grants announced earlier this year that support housing, workforce development and education programs. 

“Getting enough to eat and finding a place to spend the night is a daily struggle for many,” said Bill Hatfield, Rhode Island president, Bank of America. “These grants will help local organizations in their vital efforts to meet the pressing needs of Rhode Islander while providing resources to promote long-term financial stability.” 

Crossroads Rhode Island is one of the groups receiving support. The nonprofit serves 3,500 Rhode Islanders each year, focusing on helping homeless or at-risk individuals and families secure stable homes. The funds will help Crossroads with assessment, shelter, case management, rapid re-housing, transitional and permanent housing, job training, and employment.

“Crossroads Rhode Island is so fortunate to have a partner like Bank of America who supports our critical mission of helping homeless families and individuals secure stable homes,” said Anne Nolan, president of Crossroads Rhode Island. “This grant comes to us during a time when many other funding sources are being cut or eliminated completely.”

Other organizations receiving grants:

·         Connecting for Children and Families, Inc.

·         Dr. Martin Luther King Jr. Community Center, Inc.

·         House of Hope

·         McAuley Ministries.

·         Rhode Island Community Food Bank Association

·         United Way of Rhode Island

 

This funding is part of the company’s intensified philanthropic focus on three core issues vital to the economic health of communities – housing, jobs and hunger – and represents an important component of Bank of America’s lending, investing and giving activities to help advance local economies. 

Bank of America Corporate Social Responsibility

Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in a socially, economically, financially and environmentally responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have several core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on housing, hunger and jobs; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BofA_Community.

For more Bank of America news, visit the Bank of America newsroom.

www.bankofamerica.com

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