BofA Awards $275K in Grants
The Bank of America Charitable
Foundation awarded $275,000
in grants to 20 nonprofit organi-
zations providing workforce
development and education
opportunities in Valley
communities.
The grants are part of Bank of America’s focus on employment opportunities and preparing the under-employed and the next generation of workers with skills for careers in the evolving workforce.
Despite an improving state unemployment rate that fell from 6.6 percent in October 2014 to 6.2 percent in March 2015 according to the U.S. Bureau of Labor Statistics, jobs remain elusive for low- and middle-income communities. The 20 nonprofits receiving the grants connect low-income individuals and families to financial education, job training, workforce development and/or mentoring at their point of need.
Funding will be used to support:
• Arizona Women’s Education & Employment programs to assist women, men, young adults and mature workers prepare for, find and keep jobs to establish their financial independence.
• ICAN Improving Chandler Area Neighborhoods’ Youth Development Programs that encourage youth to complete their high school graduation through programs providing educational support and character-building skills needed to be productive and self-confident young adults.
• International Rescue Committee’s efforts to help refugees achieve economic self-sufficiency and self-reliance by successfully obtaining their first job in America.
Other organizations receiving funding are Aquila Youth Leadership Institute, Arizona Career Pathways, Arizona Council on Economic Education, Be A Leader Foundation, Goodwill Industries of Central Arizona, Junior Achievement of Arizona, Money Management International, National Advocacy & Training Network, New Pathways for Youth, St. Joseph the Worker, UMOM New Day Centers, ACCEL, ACCION, Boys & Girls Clubs of Greater Scottsdale, Educare Arizona, Jewish Family & Children’s Service and Tempe Community Council Incorporated.
In 2014, the Bank of America Charitable Foundation awarded more than $2.3 million in grants to Arizona nonprofits in the form of grants and partnerships.
