Bank of America Charitable Foundation: Economic Mobility Focused on the Needs of the Community
The Bank of America Foundation is committed to advancing a more diverse and inclusive society by expanding opportunities and supporting equitable solutions that will enable low-income communities to grow and prosper. The Foundation’s focus on Economic Mobility and Social Progress Focused on the Needs of the Community supports critical issues to ensure communities are resilient and poised for growth, including:
1. Expanding access to housing opportunities: The Foundation supports the work of organizations as they work to preserve and increase access to a mix of affordable housing options and connect individuals and families with the tools and resources to achieve their financial goals. Interest areas include:
- Organizations whose housing efforts address the needs of vulnerable populations (e.g., low and moderate income, homeless, elderly, formerly incarcerated) as they construct or preserve affordable single, multi-family, transitional, and supportive housing
- Organizations creating pathways to stable housing or homeownership through financial stability efforts such as homebuyer education, budgeting, savings, credit, and credit repair including foreclosure prevention and loss mitigation
- Organizations whose sustainable development efforts create healthy living environments through the pursuit of energy efficiency upgrades, retrofits, solar, and other green building efforts
2. Building vibrant communities: The Foundation supports local and regional revitalization efforts taking a holistic approach to building thriving communities and creating economic opportunity and livable neighborhoods. This includes support of economic drivers such as arts and cultural institutions that contribute to the overall vitality of the community. Interest areas are:
- Economic development efforts that promote small business growth and healthy commercial corridors
- Revitalization initiatives that engage community stakeholders in the environmental health and economic growth of their communities (e.g., transit-oriented development as a means of connecting individuals to jobs services and economic opportunity and neighborhood preservation to strengthen overall community health, safety, and welfare)
- Assisting the efforts of organizations working in Qualified Opportunity Zones creating job opportunities and other essential services to the community and its residents
- Strengthening the resiliency of communities through the initiatives that support local plans to prepare, withstand, and recover from extreme weather events and the long-term impacts of climate change
- Supporting community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities
- Supporting community greening efforts that create healthy neighborhoods and environmental sustainability through the preservation, creation, or restoration of open space, parks, and community gardens
Amount: Average award amounts range from $1,000-$25,000.
Eligibility: Nonprofit organizations located in areas of Bank of America company operations.
Note: The application will open on June 3, 2019.
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