As part of its longstanding commitment to supporting economic opportunity and local communities, Bank of America announced that it invested nearly $3 million across North Texas last year through philanthropic grants with a particular focus on workforce development and job training, basic needs and affordable housing.
Last year, Bank of America supported 53 organizations working to address these challenges in North Texas, as well as naming two Neighborhood Builders, Impact Ventures and Tarrant To & Through (T3) Partnership, in the market. As part of the Neighborhood Builder’s program, these organizations received a grant along with leadership training.
In addition to philanthropic capital, the company also volunteered more than 200,000 hours locally across North Texas, an increase of over 30,000 hours from the previous year.
“Nonprofit organizations understand the needs and obstacles North Texas faces, uniquely positioning them to develop the solutions and services needed to promote economic opportunity,” said Jennifer Chandler, president, Bank of America Dallas. “Bank of America will continue to deploy capital and resources to tackle the barriers embedded within our community and create real impact in the lives of North Texans and the families we serve.”
“Across North Texas, our communities are growing, and with that growth comes increased demand and added strain on our nonprofit organizations. We see the needs our nonprofit organizations are responding to every day, and Bank of America recognizes our responsibility to support these efforts, both financially and through time volunteered,” said Mike Pavell, president of Bank of America Fort Worth.
The 2023 efforts reflect the bank’s commitment to addressing critical issues and long-term gaps by partnering with local leaders and organizations to support diverse entrepreneurs, build job skills, support basic needs and create opportunities to help people succeed today and in the future.
source: press release
