BofA Provides Nearly $19 Million to Local Hunger Organizations from Employee Booster Campaign

Rhea-AI Summary

Bank of America announced a donation of $8 million to local hunger organizations, bringing the total to nearly $19 million for hunger relief in the U.S. and Puerto Rico. This donation is part of its second employee booster campaign, which previously contributed $10.6 million in early 2022. The campaign promotes health by donating for COVID-19 vaccinations and includes $1.5 million for international hunger organizations. Since 2015, Bank of America has donated nearly $150 million towards hunger relief efforts.

Positive

• Donation of $8 million to local hunger organizations.
• Total funding for hunger relief reaches nearly $19 million.
• Established commitment to donating nearly $150 million for hunger relief since 2015.
• Encouraging employee participation in health initiatives.

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• None.

More Than $150M Distributed to Help Fight Food Insecurity since 2015

NEW YORK, Dec. 14, 2022 /PRNewswire/ -- Bank of America announced today it will donate an additional $8 million to local hunger organizations from its second employee booster campaign.  As a result, nearly $19 million will be distributed to hunger relief organizations in local communities across the U.S. and Puerto Rico. 

Through its employee booster campaign, Bank of America donated $100 for each employee who recorded their COVID-19 booster by the end of January, which totaled $10.6 million in early 2022. The bank restarted the campaign this fall and donated another $50 for each employee who registered a new vaccination – COVID-19 vaccine, COVID-19 booster or flu shot – by November 23 to further address hunger relief in the communities we serve. In addition, the second booster campaign included $1.5 million of support for the World Food Programme and World Central Kitchen, both international hunger organizations helping address the global food crisis.

"Through this campaign, we're supporting the health and safety of our teammates and helping address a critical need in our communities," said Bank of America Chief Administrative Officer D. Steve Boland. "Thanks to this campaign and the steps taken by our teammates, local food banks and other organizations across the country and beyond are receiving donations to help them fight food insecurity."

Bank of America has a longstanding commitment to address hunger relief and strengthen local communities, having donated nearly $150 million toward hunger relief efforts since 2015. Employees who choose to individually contribute to these local organizations can have their donation doubled through the company's Matching Gifts program.

"The pandemic not only increased food insecurity challenges faced by many American families, but also threatened the non-profit organizations who deliver vital resources across the country," said Ebony Thomas, President of the Bank of America Charitable Foundation. "These contributions are over and above the philanthropic support we already provide to help fight hunger and food insecurity in the communities where we live and work."

In partnership with local nonprofits, Bank of America has also distributed more than 40.5 million masks, nearly 43,000 cases of hand sanitizer and 12.2 million gloves in local communities as part of its ongoing efforts to address health-related disparities accelerated by the pandemic.

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 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 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.

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Reporters may contact:
Anu Ahluwalia, Bank of America
Phone: 1.646.855.3375
anu.ahluwalia@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the latest donation amount by Bank of America (BAC) for hunger relief?

Bank of America has announced an additional donation of $8 million for hunger relief.

How much has Bank of America (BAC) donated to hunger organizations since 2015?

Since 2015, Bank of America has donated nearly $150 million toward hunger relief efforts.

What was the total amount distributed to local organizations from the booster campaign by Bank of America (BAC)?

The total amount distributed to local hunger organizations from the booster campaign is nearly $19 million.

How does Bank of America (BAC) support employee health while aiding hunger relief?

Bank of America's campaign donates for each employee's vaccination, which promotes health and supports hunger relief.