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Bank of America Awards $270,000 to Address Critical Needs in Baltimore Metro Area

Tuesday, October 29, 2013   (0 Comments)
Posted by: Buffy Beaudoin-Schwartz
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[ABAG Member] Bank of America Awards $270,000 to Address Critical Needs in Baltimore Metro Area

Bank of America is addressing needs, like hunger and shelter, to

help individuals start down a pathway to economic stability

BALTIMORE – The Bank of America Charitable Foundation today announced $270,000 in grants to 12 nonprofits in Baltimore addressing critical needs, such as hunger and shelter to longer term solutions that promote financial wellness through access to benefits and resources.

"We’re working to meet the day-to-day needs of those who live and work in our community,” said David Millman, Maryland and Baltimore Market President, Bank of America. "These grants will help nonprofits continue to address Baltimore’s most pressing needs while helping individuals become more financially stable in the long term.”

Some of the organizations receiving funding are:

· Paul’s Place Inc., which will use the $20,000 grant to support its hot lunch program, which serves more than 250 people daily. About 50 percent of the people who attend the hot lunch are homeless. Paul’s Place expects to serve roughly 67,000 meals in fiscal year 2014.

· The Women’s Housing Coalition Inc., which is dedicated to breaking the cycle of homelessness for women and children, plans to use its $20,000 grant to provide affordable housing and support services to help women achieve and sustain social and financial independence.

· Arundel House of Hope Inc. will use the $15,000 grant to shelter homeless and chronically homeless individuals in Anne Arundel County. The organization’s emergency shelter program serves up to 90 men and women each night..

Grants were also awarded to Bello Machre Inc., Bridges to Housing Stability Inc., Franciscan Center Inc., The Hampden Family Center Inc., Harford Family House Inc., Marian House Inc., Moveable Feast Inc., Project PLASE Inc. and the United Way of Central Maryland.

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 theBank of America newsroom.


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