Bank of America Charitable Foundation: Economic Mobility Focused on the Needs of Individuals and Families
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. Basic needs. Organizations addressing the economic and social conditions that affect an individual’s health, access to community-based health services, crisis-prevention tied to family stabilization programs, and other poverty related issues. Funding priorities and examples are detailed below:
- Longer term determinants of health: Services that improve health outcomes with an emphasis on community-based healthcare, food access, mental health counseling, substance use disorder rehabilitation.
- Family stabilization: Access to crisis prevention programs and wrap services including help with immediate and safe shelter, free or subsidized benefits like internet access, utilities, childcare, transportation, financial assistance and recovery.
- Services for the homeless: Programs that prevent or end homelessness, such as rental assistance, emergency shelter, rapid-rehousing, and permanent supportive housing.
2. Workforce Development & Education. Building pathways to employment by supporting a range of workforce development and educational opportunities that will help vulnerable individuals and families stabilize and advance. Funding priorities and examples are detailed below:
- Youth employment: High-school completion programs, skills-training (hard and soft skills), first-time employment, internship, apprenticeship, and mentoring, especially for youth and young adults out of school and work.
- Alternative pathways for adults: Job preparedness, training, skill building, college or vocational certification, career counseling, placement, job retention, and entrepreneurship opportunities.
- Barriers to employment: Organizations that focus on comprehensive support services to help people needing additional assistance to overcome extraordinary barriers to employment (i.e., case management for individuals with disabilities, the formerly incarcerated, and foster care youth).
- National service: National service opportunities for people to make a positive impact on their communities while developing professional skills.
Amount: Average award amounts typically range from $5,000 to $25,000.
Eligibility: Nonprofit organizations located in areas of Bank of America company operations.
Note: The application cycle opens on January 25, 2021.
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