This summer, Bank of America has recognized 283 high school juniors and seniors from 83 communities across the U.S. as Student Leaders (#BofAStudentLeaders) based on their commitment to strengthen their communities. This signature philanthropic program offers young people an opportunity to develop workforce skills through a paid summer internship at a local nonprofit and participation in a national summit in Washington, D.C.
In recognition of the program’s 15th year, Bank of America expanded the Student Leaders program to include 38 smaller communities served by the bank. Since 2004, the bank has worked with nearly 3,500 Student Leaders, helping them refine their leadership skills and gain perspective on how cross-sector partnerships advance change. During this time, Student Leaders alumni have worked at 300 nonprofits across the country, contributing 1 million hours to improve communities.
“We look forward to hearing how these young leaders with us this summer will answer our question: ‘What would you like the power to do?’” said Brian Moynihan, Bank of America CEO and chairman, who met with Student Leaders at the D.C. summit today.
At this week’s Student Leadership Summit (July 8-12), students join their peers to build upon their leadership skills and learn about the importance of civic engagement and inclusion. They will engage in dialogue about social justice and poverty and visit the Holocaust Museum for a discussion on how lessons from history can help advance a more inclusive society. In addition to gaining perspective on the value of cross-sector partnerships and the power of mentoring, they will meet with their Congressional leadership and participate in a service learning project at the American Red Cross. The summit not only provides a unique opportunity for students to form strong peer networks, but it also gives them a chance to develop professional connections that that can advance future career options.
Beyond providing young people an opportunity to build a resume and gain workforce experience, Bank of America helps Student Leaders gain a better understanding of their personal finances in the context of receiving a paycheck through Better Money Habits®, its financial wellness and education platform. This content is delivered by bank volunteers in local markets and also through a summit session designed to increase their financial know-how and understanding of the challenges faced by people living on the margins.
The Student Leaders program is one example of the bank’s commitment to connect young adults to the skills, resources, and experience needed to succeed through its hiring, recruiting, and partnerships with nonprofits and local mayors. This summer, the bank is providing more than $5 million in funding to support 3,000 jobs for teens, including at-risk youth in more than 60 communities across the U.S. and approximately 200 young people employed in the bank’s financial centers. Since 2016, the Bank of America Charitable Foundation has invested more than $50 million to connect more than 100,000 young adults to education and early employment.
For more information about Student Leaders, please visit bankofamerica.com/studentleaders.
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. Connect with us on Twitter (@BofA_News).
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Vanessa Cook, Bank of America