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Bank of America Charitable Foundation: Economic Mobility Focused on the Needs of Individuals and Families

Deadline: February 21, 2020

The Bank of America Foundation works to create thriving economies and a better future. The Economic Mobility Focused on the Needs of Individuals and Families program area priorities are:

1.Meeting basic needs. Organizations that meet low-to-moderate income individuals and families at their point of need and help them remove barriers to economic opportunities. Funding priorities and examples are detailed below:

  • Hunger relief: Local food banks, soup kitchens, school- and after-school-based child feeding and nutrition programs that provide free or subsidized food
  • Services for the homeless: Programs and services that prevent or end homelessness, such as rental assistance, emergency shelter, rapid-rehousing, and permanent supportive housing, including Housing First
  • Family stabilization and crisis prevention: Affordable or subsidized care, transportation, mental health counseling, drug addiction rehabilitation, financial health education, and coaching

2. Creating a more diverse and inclusive workforce. The Foundation works to connect the most vulnerable individuals to the training, education and support they need to obtain a meaningful job and build their careers. It focuses on three strategies to connect people to the workforce: youth employment, alternative employment pathways, supportive services, and life-skills programs that help individuals overcome and remove barriers to employment and set them on a path to improve their financial lives and create a better future. Examples include:

  • Youth employment: High-school completion programs, skills-training (hard and soft skills), first-time employment, internship, apprenticeship, and mentoring, especially for opportunity youth (those out of school and work)
  • Alternative pathways for meaningful employment for adults: Job preparedness, training, skill building, college or vocational certification, career counseling, placement, job retention, and entrepreneurship opportunities for low- and moderate- income adults, especially those that need to up-skill or reskill toward livable wage careers
  • Removing extraordinary barriers to employment: Comprehensive support services and life skills programs that help individuals overcome extraordinary barriers to employment. This includes workforce social enterprise and other transitional or sheltered workplace environments for individuals such as persons with disabilities, formerly incarcerated or court involved.

Amount: Average award amounts typically range from $5,000 to $25,000.

Eligibility: Nonprofit organizations located in areas of Bank of America company operations.

Link: http://about.bankofamerica.com/en-us/global-impact/charitable-foundation-funding.html

Note: The application cycle opens on January 27, 2020.

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