Bank of America Awards $1.5 Million to New Jersey Nonprofit

Grants to 28 organizations statewide are Investing in basic needs, workforce development and education for vulnerable communities

trenton, new jersey, July 20, 2022 /PRNewswire/ — Bank of America today announced $1.5 million Provides grants to 28 nonprofit organizations in New Jersey to advance economic opportunity for individuals and families. These grants focus on workforce development and education, helping individuals chart a path to employment and a better economic future, as well as ensuring lifelong security, such as access to food. It also helps with the basic needs to build a .

(PRNewsfoto/Bank of America Corporation)

(PRNewsfoto/Bank of America Corporation)

in the meantime of new jersey The economy is recovering from the height of the COVID-19 pandemic, but the state still lags behind the country in terms of jobs and job creation. According to the U.S. Bureau of Labor Statistics, of new jersey The unemployment rate is 4.1% compared to the national average of 3.6%.

Employment is a key driver of economic mobility in New Jersey. As such, the Bank focuses on building pathways to employment by supporting a range of workforce development and educational opportunities that support the stability and progress of vulnerable individuals and families.

“We have chosen to partner with non-profit organizations that address the most important issues facing us. new jerseyIncluding workforce development, food insecurity, economic and social progress.” Alberto Garofalopresident, bank america new jersey“A philanthropic investment in these organizations will help us deploy capital where we can build the most impactful and sustainable communities.”

one bank of America grant recipients are newarkBased in La Casa de Don Pedro. La Casa De founded in 1972 Don Pedro Values ​​have been driven by a mission to promote self-sufficiency, empowerment, and neighborhood revitalization.With this support from Bank of America, La Casa de Don Pedro address the underlying issues and root causes that hinder the economic liquidity of Greater Newark Minority communities, especially Hispanic women.

“Our goal is to reverse the trajectory of social, racial, political and economic turmoil and marginalize children and families.” Peter RosarioPresident and CEO, La Casa de Don Pedro“This support will give us the tools we need to support programs that improve quality of life. newark residents. “

Provided by Bank of America $30 million in the organization of new jersey These grants are part of the company’s commitment to responsible growth as it works to improve the economic lives of individuals, families and communities across the state. Company’s 11,000 new jersey Teammates have contributed over 350,000 volunteer hours since 2017.

In addition to local grants, Bank of America $1.25 billion, last year, a five-year effort to promote racial equality and economic opportunity across the country. Accelerating efforts already underway, the effort will support investments that create opportunities for people and communities of color in the areas of health and healthcare, employment and reskilling, supporting small businesses, and affordable housing. To do.

Additional background on giving to the Bank of America Charitable Foundation can be found here.

Here is the full list of organizations receiving grants:

America’s Glow-A-Law
NJ’s Community Food Bank
CUMAC echo
Elijah’s Promise
Eva Village
home front
La Casa de Don Pedro
norwegian cap
Oasis – a paradise for women and children
Parker Family Health Center
Paterson Task Force Community Action
saint paul Town development public corporation
table to table
Trenton Area Soup Kitchen
united way of Bergen County
York Street Project
Fairleigh Dickinson College Veteran Launches Venture
Greater Newark Conservancy
interfaith neighbors
junior achievement new jersey
new city kids
Father Center
Trinitas Foundation
we make
women rising

bank of america

At Bank of America (NYSE: BAC), we are guided by a common purpose: to improve financial life through the power of every connection. We do this through responsible growth with a strong focus on environmental, social and governance (ESG) leadership. ESG is embedded in our eight business units and how we drive the global economy, build trust and confidence, and represent the companies people want to work for, invest in and do business with. It reflects. It’s demonstrated in the inclusive and supportive workplaces we create for our employees, the responsible products and services we offer our clients, and the impact we have around the world to help local economies thrive. An important part of this effort is forming strong partnerships with non-profit and advocacy groups, including community, consumer and environmental groups, to bring together our collective networks and expertise for greater impact. to achieve. For more information, please visit Also, Twitter (@BofA_News).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America Newsroom and sign up for email news alerts.

Press contact:

Annmarie MacdonaldBank of America
Phone: 1.332.234.8635
[email protected]



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