2022-10-18 | NYSE: BAC | Press release

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The company announces $24 million Investment in 2022 Neighborhood Builders® and neighborhood champions to support local organizations

CHARLOTTE, North Carolina, October 18, 2022 /PRNewswire/ — Bank of America today announced the second batch of recipients of its Neighborhood Builders: Racial Equality Award, which recognizes the impactful work of leaders who strive to advance racial equality and economic opportunity at home. blacks, Hispano-Latinos, Asian Americans, and Native American communities. The five individuals were selected for their extraordinary contributions to breaking down racial barriers and creating opportunity 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, advance economic mobility and enrich underserved neighborhoods.

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

“At Bank of America, supporting nonprofit organizations and their leaders has been central to our commitment to advancing racial equality and economic opportunity,” said Ebony ThomasChairman of the Bank of America Charitable Foundation. “Through this award, Bank of America recognizes a diverse list of inspirational leaders who are investing in their communities – including Blacks, Hispanic-Latinos, Asian Americans and Native Americans – and tackling the specific issues that affect them. We are proud to honor their dedication and work for communities of color.”

Neighborhood Builders: Racial Equality Award winners include:

  • calvin holmes: President of the Chicago Community Loan Fund (CCLF) – Chicago, IL: Calvin L. Holmes has served as President of the Chicago Community Loan Fund (CCLF) since 1998. With a career in community development spanning more than 30 years, Holmes is a recognized expert in community development financing and access to capital issues. Holmes plans to direct Bank of America funding to the Chicago Community Loan Fund. Nominated by the local market team in Chicago for his impact in the community, Holmes is a former member of the bank National Community Advisory Council (NCAC)a forum of senior leaders from social justice, consumer advocacy, community development, environmental and research organizations who provide insight, advice and commentary on topics important to our customers and communities.
  • Vida Lin: Founder and President of the Asian Community Development Council (ACDC) – Las Vegas, Nevada: Vida Chan Lin has worked closely with the Asian American and Pacific Islander (AAPI) community of Las Vegas for the past 28 years. She is the founder and president of the Asian Community Development Council (ACDC), the first non-profit community development corporation in Nevada created to educate, connect and empower the fastest growing population United States. Lin plans to direct Bank of America funding to the Asian Community Development Council.
  • Arencio López: Executive Director of the Mixteco/Indigena Community Organization Project (MICOP) – Ventura, California: Arcenio López is a Ñuu Savi leader of OaxacaMéxico, dedicated to raising the voice of indigenous Hispano-Latino people through California. After immigrating to the United States, he worked as a farmhand in strawberry fields before being hired by the Mixteco/Indigena Community Organizing Project (MICOP) as its first community organizer and eventually becoming its first Indigenous Executive Director. . López plans to direct Bank of America funding to the Mixteco/Indigena community organization project.
  • david robinson: Co-founder of Admiral Capital Group – San Antonio, TX: david robinson is a former NBA center for the San Antonio Spurs and co-founder of Admiral Capital Group, where he focused on private equity and real estate programs and projects that create positive social impact. Robinson earned a degree in mathematics from the US Naval Academy and honored his military commitment to serve two years in the Marine before joining the National Basketball Association, where he spent 14 years with the San Antonio Spurs. He was inducted into the Basketball Hall of Fame in 2009 and won two NBA championships and two Olympic gold medals. Robinson is recognized as one of professional sports’ most prominent philanthropists, which led to the NBA’s creation of the David Robinson Plaque, which is awarded to current players in recognition of outstanding community service. Robinson plans to direct Bank of America funding to the Friends of Carverwhich supports the IDEA Public Schools system by San Antonio, TX.
  • Mary Kim Tila: Executive Director of United National Indian Tribal Youth (UNITY) – Mesa, Arizona: Mary Kim Titla is Executive Director of United National Indian Tribal Youth, Inc. (UNITY), a high-impact Indigenous youth development nonprofit. Born on the San Carlos Apache Reservation, Titla was from arizona first Native American television journalist. She brought her passion to UNITY, where she is the Executive Director, to foster the spiritual, mental, physical and social development of Indigenous youth. Titla plans to direct Bank of America funding to United National Indian Tribal Youth, Inc..

The inaugural class of National Builders: Racial Equality Award winners were 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 country, partnered with more than 1,500 nonprofits, and helped more than 3,000 nonprofit leaders build 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 individuals, small and medium-sized businesses, and large corporations with a full range of banking, investment, asset management, and banking products and services. other financial and risk management products and services. The company offers unparalleled convenience in United States, serving approximately 68 million retail and small business customers with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking services 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 businesses, governments, institutions and individuals worldwide. whole world. Bank of America provides 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 its customers through operations across United States, its territories and about 35 countries. Bank of America Corporation (NYSE: BAC) shares are listed on the New York Stock Exchange. Learn more about about.bankofamerica.comand join us on Twitter (@BofA_News).

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www.bankofamerica.com

reporters Can contact:

Anu Ahluwalia, Bank of America

Phone: 646.855.3375

[email protected]

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SOURCE Bank of America Corporation

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