Bank of America gives $1 million to Charlotte-area nonprofits

By Deon Roberts |  Dec 01, 2015

The Charlotte Observer

Bank of America on Tuesday announced $1 million in grants to 14 Charlotte-area nonprofits whose missions span a variety of focuses, from housing to feeding the area’s hungry.

Of the total, $600,000 will be divided among United Way of York County, Charlotte Family Housing, Ada Jenkins Center, Supportive Housing Communities/McCreesh Place, Charlotte Bridge Home, YWCA Central Carolinas, Charlotte Rescue Mission, Urban Ministry Center, Men’s Shelter of Charlotte, Salvation Army of Greater Charlotte, Crisis Assistance Ministry and Second Harvest Food Bank of Metrolina.

The remaining $400,000 will be evenly split between CrossRoads Corp. and Hope Haven, who are receiving the funding from the bank’s 11-year-old Neighborhood Builders program. Nonprofits apply to the program, whose winners are picked by a panel of citizens and community leaders.

The Charlotte-based bank made the donations on Giving Tuesday, a global day of helping those in need that began in 2012. In Charlotte, more than 100 organizations were expected to take part in the day. Bank of America executives announced the grants during an event in Founders Hall at the bank’s uptown headquarters tower.

Andrea Smith, chief administration officer for Bank of America said Tuesday’s funding will help support nonprofits that provide basic necessities, such as food and shelter. “I can’t think of a better way to kick off December and Giving Tuesday than with this,” Smith said.

The grants to CrossRoads Corp. and Hope Haven will be in the form of unrestricted operating funds. The Neighborhood Builders program will also provide the nonprofits with leadership development.

CrossRoads, which focuses on improving the quality of life for families in the Grier Heights area, plans to use the funding to build a computer lab in the low-income community. The funding will also be used to support the relocation of The Learning Collaborative preschool to Grier Heights from property owned by the Johnston YMCA on North Davidson Street.

Hope Haven provides housing and life-skills training for Charlotte residents who have struggled with addiction and homelessness. The nonprofit and a partner are in the planning stages of opening an aquaponics lab and greenhouse, as well as a cafe and coffee shop, in the NoDa neighborhood, Bank of America said.

In addition to the grants, Bank of America said it also provided its employees the opportunity to spend Tuesday doing volunteer work around the Charlotte metropolitan area.

“Today is about coming together to invest in and lend a hand to the groups that do so much for individuals and families in our community,” said Charles Bowman, North Carolina and Charlotte president for Bank of America, in a statement.

The bank, which employs about 15,000 across greater Charlotte, said more than 150 took part in volunteer activities on Tuesday.

Read more here: http://www.charlotteobserver.com/news/business/banking/article47311745.html


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