Company Announces $24
Million Investment in 2022 Neighborhood Builders® and
Neighborhood Champions to Support Local Organizations
CHARLOTTE, N.C., Oct. 18,
2022 /PRNewswire/ -- Bank of America today announced
the second group of honorees of its Neighborhood Builders: Racial
Equality Award, which recognizes the impactful work of leaders who
strive to advance racial equality and economic opportunity in
Black, Hispanic-Latino, Asian American, and Native American
communities. The five individuals were selected for their
extraordinary contributions to breaking racial barriers and
creating opportunities for people of color across the country.
Bank of America also announced today a $24 million investment in support of nonprofit
leadership and sustainability through Neighborhood Builders® and
Neighborhood Champions – its signature philanthropic programs that
provide funding and leadership training to nonprofits, advancing
economic mobility and enriching underserved neighborhoods.
The Racial Equality Award – established in March of this year –
is an extension of Bank of America's signature philanthropic
program, Neighborhood Builders®. Awardees have the opportunity to
direct a $200,000 grant to a
nonprofit of their choice, and the selected organizations can
participate in the company's year-long Neighborhood Builders
Leadership Program, which provides strategic growth and development
training to establish organizations for long-term success.
"At Bank of America, supporting nonprofits and their leaders has
been core to our commitment to advancing racial equality and
economic opportunity," said Ebony
Thomas, President of the Bank of America Charitable
Foundation. "Through this award, Bank of America is recognizing
a diverse slate of inspiring leaders who are investing in their
communities – including Black, Hispanic-Latino, Asian American and
Native American -- and addressing the specific issues impacting
them. We are proud to honor their dedication and work supporting
communities of color."
The awardees for the Neighborhood Builders: Racial Equality
Award include:
- Calvin Holmes: President of
Chicago Community Loan Fund (CCLF) – Chicago, IL: Calvin L. Holmes has served as the President of
Chicago Community Loan Fund (CCLF) since 1998. With a career in
community development spanning more than 30 years, Holmes is a
recognized expert in community development finance and issues
involving access to capital. Holmes plans to direct Bank of
America's funding to the Chicago Community Loan Fund. Nominated by
the local market team in Chicago
for his impact in the community, Holmes is a former member of the
bank's National Community Advisory Council (NCAC), a forum of
senior leaders from social justice, consumer advocacy, community
development, environmental, and research organizations who provide
perspectives, guidance, and feedback on topics important to our
clients and communities.
- Vida Lin: Founder and
President of Asian Community Development Council (ACDC) –
Las Vegas, NV: Vida Chan
Lin has worked closely with the Las Vegas Asian American and
Pacific Islander (AAPI) community for the past 28 years. She is the
Founder and President of the Asian Community Development Council
(ACDC), the first non-profit community development corporation in
Nevada established to educate,
connect and empower the fastest-growing demographic in the United States. Lin plans to direct Bank of
America's funding to the Asian Community Development Council.
- Arencio López: Executive Director of Mixteco/Indigena
Community Organizing Project (MICOP) – Ventura, CA: Arcenio López is a Ñuu
Savi leader from Oaxaca, México,
dedicated to elevating the voices of Hispanic-Latino indigenous
people across California. After
immigrating to the U.S., he worked as a farmworker in strawberry
fields before he was hired by the Mixteco/Indigena Community
Organizing Project (MICOP) as its first community organizer and
eventually became its first indigenous Executive Director. López
plans to direct Bank of America's funding to the Mixteco/Indigena
Community Organizing Project.
- David Robinson: Co-Founder of
Admiral Capital Group – San Antonio,
TX: David Robinson is a
former NBA center for the San Antonio Spurs and Co-Founder of
Admiral Capital Group, where he has focused on private equity and
real estate programs and projects that create a positive social
impact. Robinson graduated with a mathematics degree from the
U.S. Naval Academy and honored his
military commitment to serve two years in the Navy before joining the National Basketball
Association, where he spent 14 years with the San Antonio Spurs. He
was inducted into the Basketball Hall of Fame in 2009 and has won
two NBA championships and two Olympic Gold Medals. Robinson is
recognized as one of the preeminent philanthropists in professional
sports, leading to the NBA's creation of the David Robinson Plaque,
which is awarded to current players in recognition of their
outstanding community service. Robinson plans to direct Bank of
America's funding to the Friends of Carver, which supports the IDEA
Public Schools system in San Antonio,
Texas.
- Mary Kim Titla: Executive
Director of United National Indian Tribal Youth (UNITY) –
Mesa, AZ: Mary Kim Titla
is the Executive Director of United National Indian Tribal Youth,
Inc. (UNITY), a high-impact Native youth development nonprofit.
Born on the San Carlos Apache Reservation, Titla was Arizona's first Native American TV news
reporter. She carried her passion to UNITY, where she serves as the
Executive Director, to foster the spiritual, mental, physical, and
social development of Native youth. Titla plans to direct Bank of
America's funding to United National Indian Tribal Youth, Inc.
The inaugural class of National Builders: Racial Equality Award
honorees was announced earlier this year. Since 2004, through its
Neighborhood Builders® and Neighborhood Champions programs,
Bank of America has invested more than $300
million in 92 communities across the nation, partnered with
more than 1,500 nonprofits, and helped more than 3,000 nonprofit
leaders strengthen their leadership skills. Nearly 18 years after
its launch, Neighborhood Builders is one of the nation's largest
philanthropic investments in nonprofit leadership development.
Bank of America
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 16,000
ATMs and award-winning digital banking with approximately 56
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 3 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 approximately 35
countries. Bank of America Corporation stock (NYSE:
BAC) is listed on the New York Stock Exchange. Learn more
at about.bankofamerica.com, and connect with us on Twitter
(@BofA_News).
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of
America newsroom and register for news email alerts.
www.bankofamerica.com
Reporters May
Contact:
Anu Ahluwalia, Bank of
America
Phone: 646.855.3375
anu.ahluwalia@bofa.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bank-of-america-names-neighborhood-builders-racial-equality-awardees-who-are-advancing-opportunities-for-minority-communities-301652086.html
SOURCE Bank of America Corporation