In the Community

8/4/20 9:01 am EDT

As the events of 2020 continue to impact personal finances, Bank of America’s Better Money Habits® is hosting two virtual events on Vox.com aimed at providing young adults financial advice and guidance, and helping them to regain confidence in their financial futures.

The two-part “Money Talks” series, created in response to consumers’ most pressing questions about managing money in this unique time, will be fueled by audience questions, advice from financial specialists, and first-hand experiences. The programs will more...

7/29/20 3:45 pm EDT

The Charlotte Hornets, in partnership with Bank of America, have expanded their annual Day of Service to be the first Week of Service. The Week of Service, which will take place from Monday, August 3 to Friday, August 7, will see the two organizations team with local Black-owned restaurants to provide 2,020 meals to health care and essential workers, and others in need in our community.

At various times during the week, meals will be served to health care workers at several Novant Health locations, to individuals in need in local shelters, and to essential workers at select Food more...

7/13/20 2:00 pm EDT

The Bank of America Chicago Marathon, scheduled for Sunday, October 11, has been cancelled in response to the ongoing public health concerns brought on by the coronavirus pandemic. Event organizers and the City of Chicago made the decision to cancel race weekend activities, citing the challenges of staging an event of this scale at this time and out of concern for the safety of event participants, volunteers, event staff and spectators.

“The Chicago Marathon is our city’s beloved annual more...

6/30/20 9:30 am EDT

As part of the company’s ongoing commitment to advance racial equality and economic opportunity, Bank of America has signed on as a founding partner of iHeartMedia’s latest venture, Black Information Network (BIN).

There is a void for a 24/7 national and local all-news audio service focused on the Black community, and many stories important to the Black community have gone untold. BIN aims to bridge that gap and provide an objective, accurate and trusted news source with a Black voice and perspective.

“When we can invest in opportunities that genuinely serve communities, more...

6/29/20 1:06 pm EDT

Bank of America announced today it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte, North Carolina operations with solar energy.

Through a renewable energy-sleeved power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial institution to sign a 10-year agreement for electricity and Green-e®-certified renewable energy certificates (RECs) through this program.  

The purchase of a 25- more...

6/29/20 1:05 pm EDT

Bank of America announced today its first 10-year structured renewable energy agreement for solar power in Texas. In partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric Reliability Council of Texas (ERCOT) region to 345 facilities, which include office sites, financial centers and ATMs. Bank of America will receive both electricity more...

6/8/20 3:05 pm EDT

Hoy, el Smithsonian anunció el lanzamiento de su nueva iniciativa “Raza, comunidad y nuestro futuro compartido”, la cual explorará cómo los estadounidenses actualmente entienden, experimentan y enfrentan el tema de la raza, y su impacto en las comunidades, y cómo ese impacto está dando forma al futuro del país. El lanzamiento de la iniciativa es posible gracias a un compromiso de $25 millones de Bank of America, socio fundador.

“Durante casi 175 años, el Smithsonian ha sido un lugar que une a los Estados Unidos en tiempos de alegría, celebración, dolor y tristeza”, dijo Lonnie more...

6/8/20 3:00 pm EDT

Today, the Smithsonian announced the launch of its new “Race, Community and Our Shared Future” initiative, which will explore how Americans currently understand, experience and confront race, its impact on communities and how that impact is shaping the nation’s future. The launch of the initiative is made possible through a $25 million commitment from founding partner, Bank of America.

“For nearly 175 years, the Smithsonian has been a place that brings America together in times of joy, celebration, sorrow and sadness,” said Lonnie Bunch, secretary of the Smithsonian. “A place where more...

6/2/20 2:45 pm EDT

Bank of America anunció hoy que destinará durante cuatro años un total de $1 mil millones en apoyo adicional para ayudar a las comunidades locales a abordar la desigualdad económica y racial que se ha acelerado debido a una pandemia global. Los programas se centrarán en ayudar a las personas y comunidades de color que han experimentado un mayor impacto debido a la crisis de salud.

Las diferencias económicas y sociales subyacentes que existen se han acelerado e intensificado durante la pandemia mundial”, dijo Brian Moynihan, director general. “Los eventos de la semana pasada han more...

6/2/20 7:16 am EDT

Bank of America announced today that it is making a $1 billion, four-year commitment of additional support to help local communities address economic and racial inequality accelerated by a global pandemic. The programs will be focused on assisting people and communities of color that have experienced a greater impact from the health crisis.

“Underlying economic and social disparities that exist have accelerated and intensified during the global pandemic,” said CEO Brian Moynihan. “The events of the past week have created a sense of true urgency that has arisen across our nation, more...

6/5/20 9:00 am EDT

Bank of America is expanding its commitment to the Arbor Day Foundation through a second $250,000 grant to support efforts in four U.S. cities to increase the number of trees planted in low- and moderate-income neighborhoods. Cities will receive the funding from the Community Resiliency Grant program and recipients include local nonprofit organizations and municipal agencies. This grant will support the following cities:

  • St. Louis, Mo.
  • Durham, N.C.
  • Cleveland, Ohio
  • Nashville, Tenn.

 

These programs will drive green more...

5/29/20 4:33 pm EDT

Bank of America, IBM Corporation, Morgan Stanley and Accenture have committed financial and in-kind support totaling $8.5 million to the Brave of Heart Fund, established to provide financial and emotional support to the surviving family members of frontline health care workers and volunteers who lose their lives in the COVID-19 fight. Bank of America has contributed $5 million to the fund, with Morgan Stanley contributing $1 million and Accenture committing $500,000. The fund has also received contributions from individuals, family foundations and other corporations, totaling an additional more...

5/18/20 10:00 am EDT

Liberty Science Center (LSC) announced today that Bank of America has signed on as a Founding Corporate Sponsor of SciTech Scity, LSC’s planned 30-acre innovation campus that will launch and grow dozens of world-changing science and technology companies and reimagine K-12 science education.

Bank of America donated $1 million to the effort, which will ensure that the scientists of tomorrow will be prepared with the tools and technologies they need to deal with future crises, as well as to discover and pioneer breakthroughs that will make the world a better place for years to come more...

4/30/20 11:29 am EDT

Bank of America has awarded $145,000 to Converse College in support of the college’s new data analytics program. Converse will use the funds to design an engaging space that encourages classroom participation and active problem-solving and includes interactive platforms for students to share in real time the work they are doing with the instructor and each other through a linked system as they review data sets together.

“Bank of America’s investment in Converse provides exceptional opportunities for our students and faculty in the field of data analytics,” said Krista more...

3/31/20 9:05 am EDT

Hace un año, Bank of America anunció que durante un periodo de dos años aumentaría su salario mínimo a $20 por hora en los Estados Unidos.

El primer aumento a $17 se realizó en mayo del 2019. Seis meses después, la compañía anunció que adelantaría un año el incremento a $20; y en marzo de este año, Bank of America realizó este cambio.

“Invertir en nuestros compañeros de equipo, al pagarles de manera justa y brindarles beneficios y programas competitivos, es clave para nuestro compromiso de ser un excelente lugar de trabajo”, dijo Sheri Bronstein, directora de Recursos more...

3/31/20 9:00 am EDT

One year ago, Bank of America announced it would raise its U.S. minimum hourly wage to $20 over a two-year period. The first increment to $17 was made in May 2019; six months later, the company announced it would accelerate the move to $20 by a year; and in March this year, Bank of America made this change.

“Investing in our teammates by paying fairly, and providing competitive benefits and programs is key to our commitment to being a great place to work,” said Sheri Bronstein, chief human resources officer at Bank of America. “Across the company, we believe that being a great more...

3/30/20 9:05 am EDT

A medida que el gobierno federal continúa finalizando los detalles y protocolos para implementar la Ley de Ayuda, Alivio y Seguridad Económica contra el Coronavirus (CARES) recientemente aprobada, Bank of America anunció hoy que asignará hasta $250 millones en capital a las instituciones financieras de desarrollo comunitario (CDFI), al financiar préstamos a través del Programa de protección de cheques de pago establecido recientemente. Además, Bank of America asignará hasta $10 millones en subvenciones filantrópicas para ayudar a financiar las operaciones de las CDFI.

Las CDFI, more...

3/30/20 9:00 am EDT

As the federal government continues to finalize the details and protocols of implementing the recently passed Coronavirus Aid Relief and Economic Security (CARES) Act, Bank of America today announced that it will provide up to $250 million in capital to community development financial institutions (CDFIs) by funding loans through the newly established Paycheck Protection Program. In addition, Bank of America will provide up to $10 million in philanthropic grants to help fund the operations of CDFIs.

CDFIs, also known as local loan centers, are small and typically not-for-profit more...

3/17/20 5:48 pm EDT

Entre muchos de los problemas sin precedentes que enfrenta el mundo debido al COVID-19, uno de los más urgentes es cómo garantizar que cientos de millones de estudiantes continúen aprendiendo durante las próximas semanas y meses en medio del cierre generalizado de escuelas primarias y secundarias.

Khan Academy, una organización educativa sin fines de lucro con herramientas de aprendizaje gratuitas e interactivas para estudiantes y herramientas gratuitas para maestros y padres, está en una posición única para desempeñar un papel esencial en el apoyo de la continuación del more...

3/17/20 5:46 pm EDT

Among the many unprecedented issues the world is facing because of COVID-19, one of the most pressing is how to ensure that hundreds of millions of students can continue to learn over the weeks and months ahead amid widespread elementary and secondary school closures.

Khan Academy ‒ an educational nonprofit with free, interactive learning materials for students and free tools for teachers and parents ‒ is uniquely positioned to play an essential role in supporting the continuation of learning at home. However, the organization needs additional resources to manage the expected more...