October 27, 2020
Bank of America Names United Ministries as Neighborhood Champion in Recognition of Work to Advance Economic Mobility in the Upstate
Program Provides $50,000 in Grant Support and an Opportunity for Virtual Leadership Training
Greenville, S.C. — Bank of America today announced United Ministries as a Neighborhood Champion, a recognition that includes both grant funding and leadership training. The Neighborhood Champions program supports the role strong nonprofit leaders play in advancing economic mobility, and is an extension of the bank’s signature philanthropic initiative, Neighborhood Builders®, the largest corporate philanthropic investment in nonprofit leadership in the country. In addition to the Upstate, the bank will bring the program to over 40 additional communities across the U.S. this fall as part of its commitment to investing in the long-term health of communities.
United Ministries will receive $50,000 in grant support through the program and an opportunity for engagement in virtual leadership training delivered by experts in the nonprofit sector. This funding will support United Ministries’ integrated service model that provides access to crisis, education, financial, and employment services to individuals and families confronting poverty. Additionally, the opportunity for leadership training will strengthen United Ministries’ effectiveness in meeting current and future needs in its community.
In addition to the Neighborhood Champion grant, Bank of America also awarded United Ministries a $25,000 community response grant earlier this year in support of efforts to assist individuals disproportionately impacted by the coronavirus. This funding helped provide for immediate needs such as food provisions and short-term lodging for vulnerable populations in the community. The bank also provided 6,000 masks and 50 cases of hand sanitizer to the organization.
“As we consider many of the challenges that our communities are facing – from the health and humanitarian crisis to the need for progress on racial equality and economic opportunity – the Neighborhood Champions program is a relevant and timely initiative to support the communities we serve,” said Stacy Brandon, Upstate South Carolina market president for Bank of America. “This program enables partners like United Ministries to plan strategically for growth and long-term sustainability, and we look forward to seeing how this investment helps United Ministries make even greater strides to address skills needed by our neighbors to achieve economic mobility.”
The Neighborhood Champions program is invitation-only for nonprofits who are poised to take their work to the next level. Leading members of the community participated in a collaborative selection process to identify this year’s recipient. Examples of the topics for the virtual leadership training awarded include human capital management, increasing financial sustainability, and storytelling.
“United Ministries extends its deep gratitude to Bank of America for their tremendous support and investment in communities’ economic mobility. The Neighborhood Champions program will help advance our crucial work to provide vulnerable individuals and families with the skills and resources needed to reach self-sufficiency,” shared Lizzie Bebber, Executive Director of United Ministries.
Since the program’s inception last year, Bank of America has invested $4.2 million in 84 organizations within 42 communities through the Neighborhood Champions program. In the Upstate, the program will strengthen the bank’s commitment to advancing economic mobility and nonprofit leadership.
Recent Bank of America announcements focused on advancing economic mobility include:
• Bank of America Announces Seven Completed Equity Investments in Minority Depository Institutions and Community Development Financial Institution Banks.
• $2 billion Equality Progress Sustainability Bond.
• Universal ESG Reporting; International Business Council of World Economic Forum.
• Top Global Bank on Fortune Change the World List.
• Bank of America Directs $300 Million of Its $1 Billion, Four-Year Commitment to Advance Racial Equality and Economic Opportunity.
• Expanding support of Boys & Girls Clubs of America with $1 million grant to support educational programs.
• $1 billion, four-year commitment to support economic opportunity initiatives.
• Committing $250 million in capital and $10 million in philanthropic grants to CDFIs.
Located in the West End of downtown Greenville, United Ministries has been working for 50 years to create a community where everyone can thrive. Originally established by local congregations to meet the crisis needs of people living in poverty, the agency has evolved to focus on developing the potential each family possesses to become self-sufficient and financially independent. The agency’s integrated service model discourages dependency on charity and promotes the dignity of work. For more information on United Ministries please visit www.united-ministries.org or call 864-335-2615.
Bank of America
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. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
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