Bank of America Awards $270,000 to Address Critical Needs in Baltimore Metro Area
Tuesday, October 29, 2013
Posted by: Buffy Beaudoin-Schwartz
[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
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.”
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.
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
For more Bank of America news, visit theBank of America newsroom.