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Bank of America Grants

EL CENTRAL by EL CENTRAL
November 9, 2023
in Business, Community
Reading Time: 3 mins read
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Bank of America recently announced $2.4 million in grants to 47 metro Detroit nonprofit organizations focused on addressing food insecurity, access to quality education and healthcare, and building pathways to employment and economic mobility through workforce development.

A grant to COTS will support essential services such as emergency shelters, supportive housing, and affordable housing as well as the Self-Sufficiency Framework, a researched-based transformative coaching and mentorship strategy designed to create poverty-resistant families. Forgotten Harvest received a grant to support its Health Kids Program, an initiative to provide nutritious food to nearly 25,000 children in Wayne, Oakland and Macomb counties.

The bank’s grant to The Greening of Detroit will support the Detroit Conservation Corps Workforce Development Program that connects low-income Detroiters to sustainable, family-supporting jobs in urban forestry, landscaping, arboriculture and nursery care. Additionally, a grant to NPower will provide a training pathway to IT careers for military veterans and vulnerable young adults.

“Partnering with Detroit nonprofit organizations to address issues like prevention and access to healthcare and youth workforce development and employment is part of our approach to fostering economic mobility and equitable progress,” said Matt Elliott, president, Bank of America Michigan.

“These investments demonstrate how we are taking action to provide our community with the essential resources and support needed to help people succeed in today’s and tomorrow’s economy.”

The following is the full list of first-round BofA grant recipients for 2023:

  1. Abayomi Community Development Center
  2. ACCESS
  3. Chaldean American Ladies of Charity
  4. Chaldean Community Foundation
  5. Allied Media Projects, Inc.
  6. American Heart Association, Inc.
  7. Arab Community Center for Economic and Social Services
  8. Chaldean American Ladies of Charity
  9. Chaldean Community Foundation
  10. Coalition on Temporary Shelter (COTS)
  11. Connect Detroit (GDYT)
  12. Detroit Employment Solutions Corporation
  13. Elevate Energy
  14. Enterprise Community Partners, Inc.
  15. Flint Institute of Arts
  16. Focus: HOPE
  17. Food Gatherers
  18. Forgotten Harvest, Inc.
  19. Gleaners Community Food Bank of Southeastern Michigan
  20. Haven Inc.
  21. Housing Assistance Council
  22. Initiative for a CompetitivenInner City, Inc.
  23. Invest Detroit Foundation
  24. Jewish Vocational Service and Community Workshop
  25. Junior Achievement of Southeast Michigan
  26. Local Initiatives Support Corporation (LISC)
  27. MCHS Family of Services
  28. Michigan Science Center
  29. Midnight Golf Program
  30. Motown Historical Museum, Inc.
  31. NAACP Empowerment Programs, Inc.
  32. NPower Inc.
  33. Pope Francis Center
  34. Racquet Up Detroit
  35. SAY Detroit
  36. SER Metro-Detroit Jobs for Progress Inc.
  37. The Carr Center
  38. The Children’s Center
  39. The Edison Institute
  40. The Greening of Detroit
  41. The Housing Partnership Network, Inc.
  42. The Salvation Army
  43. United Way for Southeastern Michigan
  44. Urban Alliance Foundation Inc.
  45. Wayne State University
  46. WHOH Detroit
  47. YMCA of Metropolitan Detroit

These grants are among the $18 million Bank of America has awarded to Detroit nonprofits since 2018 as part of the company’s commitment to delivering responsible growth to improve the financial lives of individuals, families, and entire communities.

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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