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Bank of America Names Neighborhood Builders Racial Equality Awardees who are Advancing Opportunities for Minority Communities

Company Announces $24 Million Investment in 2022 Neighborhood Builders® and Neighborhood Champions to Support Local Organizations

CHARLOTTE, N.C., Oct. 18, 2022 /PRNewswire/ -- Bank of America today announced the second group of honorees of its Neighborhood Builders: Racial Equality Award, which recognizes the impactful work of leaders who strive to advance racial equality and economic opportunity in Black, Hispanic-Latino, Asian American, and Native American communities. The five individuals were selected for their extraordinary contributions to breaking racial barriers and creating opportunities for people of color across the country.

Bank of America also announced today a $24 million investment in support of nonprofit leadership and sustainability through Neighborhood Builders® and Neighborhood Champions ? its signature philanthropic programs that provide funding and leadership training to nonprofits, advancing economic mobility and enriching underserved neighborhoods.

The Racial Equality Award ? established in March of this year ? is an extension of Bank of America's signature philanthropic program, Neighborhood Builders®. Awardees have the opportunity to direct a $200,000 grant to a nonprofit of their choice, and the selected organizations can participate in the company's year-long Neighborhood Builders Leadership Program, which provides strategic growth and development training to establish organizations for long-term success.

"At Bank of America, supporting nonprofits and their leaders has been core to our commitment to advancing racial equality and economic opportunity," said Ebony Thomas, President of the Bank of America Charitable Foundation. "Through this award, Bank of America is recognizing a diverse slate of inspiring leaders who are investing in their communities ? including Black, Hispanic-Latino, Asian American and Native American -- and addressing the specific issues impacting them. We are proud to honor their dedication and work supporting communities of color."

The awardees for the Neighborhood Builders: Racial Equality Award include:

The inaugural class of National Builders: Racial Equality Award honorees was announced earlier this year. Since 2004, through its Neighborhood Builders® and Neighborhood Champions programs, Bank of America has invested more than $300 million in 92 communities across the nation, partnered with more than 1,500 nonprofits, and helped more than 3,000 nonprofit leaders strengthen their leadership skills. Nearly 18 years after its launch, Neighborhood Builders is one of the nation's largest philanthropic investments in nonprofit leadership development.

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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital 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. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.


Reporters May Contact: 
Anu Ahluwalia, Bank of America 
Phone: 646.855.3375 

SOURCE Bank of America Corporation

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