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Bank of America Awards $6 Million to Metro Detroit Nonprofits Focused on Economic Mobility

Michigan Business Network
November 18, 2021 11:00 AM

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DETROIT — Bank of America celebrates its annual “Day of Giving” in Detroit on November 18, a day starting with connection and ending in gratitude. The day is focused on connecting Bank of America’s teammates with its community partner organizations to see more closely and to understand how partnerships align to deliver and advance economic mobility and racial equality in metro Detroit. The day ends with a great thank you to those same partners who day in and day out serve southeast Michigan with innovative programming.

Locally, Bank of America and its Foundation has committed more than $6 million in grants this year to more than 65 metro Detroit organizations. These organizations create pathways to employment and job training, support community development and housing affordability, address the small business eco-system and its entrepreneurs, and drive healthy outcomes for communities through innovative health care delivery while supporting basic needs functions.

Each grant is aimed at supporting thriving neighborhoods and add to the vibrancy of southeast Michigan. Grants, sponsorships, investments, and volunteerism are all part of the bank’s commitment to support individuals and families and the diverse and dynamic communities in which they live. The network of nonprofit organizations plays a crucial role in reaching people at their immediate point of need to connect them to programs and resources that provide some of the essential services that help people find their way to greater stability and economic advancement.

“The continuing issues associated with the COVID-19 pandemic have threatened the physical and economic health of many in our community,” said Matt Elliott, President, Bank of America Michigan. “Through our commitment to and collaboration with community partners we aim to remediate health disparities, shore up access to employment and job training, support housing, and provide for small business development and growth — with a common goal of removing barriers to afford opportunities. We enthusiastically pursue innovative pathways to these outcomes, and we are proud to assist people and programs devoted to building strong and resilient communities and thriving neighborhoods.”

Elliott added, “Over the past decade we have committed more than $36 million to support initiatives that serve a diverse and deserving community. And we do more than just write checks. We’ve activated these investments with more than 200,000 volunteer hours logged by our teammates across the city, region, and state.”

Organizations receiving grants this year include:

 

ACCESS

Accounting Aid Society

Alternatives for Girls

American Forests

Big Brothers Big Sisters of Metropolitan Detroit

Black United Fund of Michigan

Boys & Girls Clubs of SE Michigan

Build Institute

Catholic Charities of SE Michigan

Central Detroit Christian Community Development Corp.

Chaldean American Ladies of Charity

Citizenship Education Fund

Close Up Foundation

COTS

College for Creative Studies (Design Core)

Community Development Advocates of Detroit

Connect Detroit

Corporation for Supportive Housing

Covenant House Michigan

Detroit Economic Growth Corporation

Detroit Employment Solutions Corporation

Detroit Future City

Detroit Rescue Mission Ministries

Develop Detroit, Inc.

Eastern Market Corporation

Enterprise Community Partners, Inc.

Focus: Hope

Food Gatherers

Forgotten Harvest

Gleaners Community Food Bank

Global Detroit

Goodwill Industries of Greater Detroit

Great Lakes Women’s Business Council

Greening of Detroit

Habitat for Humanity Detroit

Habitat for Humanity Huron Valley

Habitat for Humanity Oakland County

HAVEN

Hope Village Revitalization

Independent Sector

Invest Detroit Foundation

Jefferson East, Inc.

Jewish Family Services of Washtenaw County

Junior Achievement of SE Michigan

Lighthouse of Oakland County

Living Cities Inc. - The National Community Development Initiative

Local Initiatives Support Corporation

Michigan Minority Supplier Development Council

Motown Historical Museum

National Faith Homebuyers

Neighborhood Service Organization

NPower Detroit

Prosperous Detroit Micro Lending

Ruth Ellis Center

Safe Place Transition Center

SAY Detroit

Safe Place Transition Center

SER Metro-Detroit

Southwest Detroit Business Association

Southwest Economic Solutions

Sphinx Music Organization

Teach for America

The Edison Institute Inc. (The Henry Ford)

Thurgood Marshall College Fund

United Negro College Fund

United Way for Southeastern Michigan

Urban Neighborhood Initiatives

Wayne State University Research & Technology Park

Wayne State University

YMCA of Metropolitan Detroit

A very special component of Bank of America’s Day of Giving is GIVE, the event that culminates the day’s activities where the Bank celebrates its local partners, acknowledges its Student Leaders, awards its annual Neighborhood Builders awardees, and uses this special day to highlight special initiatives.

HAVEN and Develop Detroit are Detroit’s 2021 Neighborhood Builders. Each organization will receive a $200,000 grant over two years in unrestricted funds, comprehensive leadership training for the executive director and an emerging leader on topics ranging from increasing financial sustainability, human capital management, and strategic storytelling, and joins a network of peer organizations across the U.S. to increase their impact in the community through program expansion coupled with leadership training for their executive and rising leader.

HAVEN, in Pontiac, is Oakland County’s only comprehensive program for victims of domestic violence and sexual assault. Founded more than 40 years ago, HAVEN provides shelter, counseling, advocacy, and educational programming to nearly 30,000 domestic violence victims annually.

HAVEN will utilize the Neighborhood Builders grant to invest in prevention education and create a community outreach position to make new connections with service providers and historically underserved populations.

Develop Detroit was born during the City of Detroit’s bankruptcy to focus on housing stability and real estate investment. Develop Detroit builds and designs attractive mixed-income communities and single-family homes across Detroit, utilizing an integrated approach to stabilize and grow neighborhoods.

The Neighborhood Builders grant provides Develop Detroit with flexible funds that help support staff to analyze new investment opportunities to grow the number of owned and operated apartments. Also, the award is critical to the expansion of its services platform, enabling Develop Detroit to provide resources more directly to the most important stakeholders, its residents.

Since 2004, Bank of America has invested more than $280 million in 50 communities, partnering with more than 1,400 nonprofits, and helping more than 2,800 nonprofit leaders strengthen their leadership skills through the Neighborhood Builders program.

Bank of America At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our Environmental, Social and Governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at www.bankofamerica.com, and connect with us on Twitter at @BofA News.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom. Click here to register for news email alerts.www.bankofamerica.com 

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