BofA Celebrates 20 Years of Neighborhood Builders

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Bank of America marks 20 years of its Neighborhood Builders® program, a major philanthropic initiative supporting nonprofit leadership and economic mobility across the US. Since 2004, the program has invested over $346 million in grants to nearly 2,000 nonprofits and trained more than 4,000 nonprofit leaders.

The program provides multi-year flexible funding and comprehensive leadership training to local nonprofits annually. In 2024, it honors 250 nonprofit leaders from over 150 organizations across nearly 100 US communities. The initiative creates a nationwide network for nonprofit executives to share best practices, discuss challenges, and explore new opportunities while improving their operations and community impact.

Philanthropic Program has trained more than 4,000 leaders at nearly 2,000 US nonprofits since 2004

CHARLOTTE, N.C., Dec. 3, 2024 /PRNewswire/ -- Bank of America is celebrating two decades of its signature Neighborhood Builders® program—one of the country's largest and longest-standing philanthropic investments in leadership—providing funding and leadership training to nonprofits advancing economic mobility across the U.S.

 Since 2004, Bank of America has invested more than $346 million in grants to nearly 2,000 nonprofits and helped more than 4,000 nonprofit leaders strengthen their leadership skills.

"Empowering community leadership through training and resources is a powerful and unique way we've found to help nonprofits maximize their long-term impact in local communities," said AJ Barkley, Head of Corporate Social Responsibility (CSR), Bank of America. "After 20 years, we continue to invest in this program because it leads to success for the nonprofits and the communities they support."

Annually, Neighborhood Builders provides multi-year flexible funding to local nonprofits and prioritizes leadership training and development for nonprofit executives. As leaders engage in their training, they also develop and become part of a large network of nonprofit leaders nationwide to discuss challenges, share best practices and make connections that lead to new opportunities. The program is designed to help high-impact nonprofits improve their current operations while continuing to serve and innovate for the future.

This year, the bank honors 250 nonprofit leaders from more than 150 nonprofits in nearly 100 communities across the U.S.

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 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 4 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 more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

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:

Carla Molina
Phone: 1.512.397.2402 
carla.molina@bofa.com

 

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SOURCE Bank of America Corporation

FAQ

How much has Bank of America (BAC) invested in the Neighborhood Builders program since 2004?

Bank of America has invested more than $346 million in grants through the Neighborhood Builders program since 2004.

How many nonprofit leaders has Bank of America's (BAC) Neighborhood Builders program trained since 2004?

The Neighborhood Builders program has trained more than 4,000 nonprofit leaders since its inception in 2004.

How many nonprofits are being honored by Bank of America (BAC) in the 2024 Neighborhood Builders program?

In 2024, Bank of America is honoring more than 150 nonprofits with 250 nonprofit leaders across nearly 100 US communities.

What does Bank of America's (BAC) Neighborhood Builders program provide to nonprofits?

The program provides multi-year flexible funding and leadership training to nonprofits, along with access to a nationwide network of nonprofit leaders for sharing best practices and opportunities.