Bank of America Expands Support of Boys & Girls Clubs of America With $1 Million Grant to Support Educational Programs
Builds on Other New Commitments, Including Partnerships Between Bank of America, MLB™ and ESPN to Support Local Clubs
The Bank of America Charitable Foundation has awarded a $1 million grant over two years to support a Boys & Girls Clubs of America tutoring program for youth ages 6 to 18 in 10 communities across the country. The initiative is an extension of Project Learn, a program that reinforces the academic enrichment and school engagement of young people during the time they spend at the clubs.
Ten Boys & Girls Clubs predominantly serving youth of color will receive a $25,000 to start or enhance a virtual and/or in-person tutoring program for youth. Support also includes training and technical assistance for assessment tools, tutoring resources, and certification for mental health and trauma-informed care.
“As education in America becomes increasingly challenged by the impacts of the coronavirus, it is important to support organizations that can inspire educational gains among students who need them most,” said Cynthia Bowman, chief diversity and inclusion and talent acquisition officer at Bank of America, and a member of the board of trustees for Boys & Girls Clubs of America (Midwest region). “We hope that this grant to Boys & Girls Clubs of America can further support the essential work they are doing to help level the playing field.”
Bank of America recently announced their Let’s Rally program, a partnership with Major League Baseball™ (MLB) that benefits Boys & Girls Clubs of America. Each time an MLB team rallies from behind in a late inning, the bank donates $10,000 to Boys & Girls Clubs. The company is also collaborating with several MLB players to create custom T-shirts, available exclusively to Bank of America clients, with proceeds benefiting Boys & Girls Clubs of America.
Additionally, today at 2 p.m. EST, Bank of America, Boys & Girls Clubs of America, and ESPN’s The Undefeated will host a conversation focused on baseball, race and the role sports can play in promoting social justice. Geared toward a teen audience, the event will be moderated by ESPN and The Undefeated’s Clinton Yates and will feature Bob Kendrick, president of the Negro League Baseball Museum, along with two MLB players. It will be streamed on The Undefeated – ESPN’s multiplatform content initiative exploring the intersection of sports, race and culture – later today, Jackie Robinson Day, and follows the 100th anniversary of the founding of the Negro Leagues, commemorated on August 16.
“Our partnership with Bank of America has spanned 24 years, and we are grateful to their continued support during this critical time,” said Jim Clark, president and CEO of Boys & Girls Clubs of America. “This commitment to the educational opportunities we provide across the board is essential in supporting our youth. And the upcoming courageous conversation is a true demonstration of how we can use open dialogue to advance solutions for a more inclusive, sustainable future.”
Bank of America has a longstanding relationship with Boys & Girls Club of America, investing nearly $15 million since 1980 with Boys & Girls Clubs across the country to help young people, including at-risk youth, develop skills to succeed. The grant is in addition to the bank’s $100 million in philanthropic funding in communities across the country to address health and humanitarian needs brought on by the coronavirus, including access to education.
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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 million mobile 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.
Reporters May Contact:
Vanessa Cook, Bank of America, 1.980.683.2247