This year marks the 30th year of Bank of America’s long-standing partnership with Habitat for Humanity in our shared goal to connect working families to affordable housing in order to build thriving communities. The partnership is multi-faceted, including more than $75 million in philanthropic funding for Habitat for Humanity’s work around the world, with more than $55 million in cash and property donations to Habitat for Humanity International, as well as robust volunteer efforts in local markets and regions. Employees give approximately 35,000 hours of volunteer time annually, supporting Habitat affiliates through board service, home build initiatives and financial literacy training for future homeowners.
“Access to affordable housing is a critical stepping stone on the path to financial stability and success,” said Kerry Sullivan, president of the Bank of America Charitable Foundation. “Our partnership with Habitat is a great example of how our collective efforts ― from funding to volunteer engagement ― can create a meaningful impact in the lives of individuals and families.”
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity started as a grassroots effort and has developed into a global nonprofit housing organization in nearly 1,400 communities across the U.S. and in more than 70 countries. In addition to ongoing work in local communities and regions, we look to Habitat as a trusted partner in times of disaster. For example, we supported Habitat’s efforts to address Hurricane Sandy, the Nepal earthquake, flooding in Northern Ireland as well as other natural disasters. In the U.S. we have also worked with local Habitat affiliates on a home donation program.
Recently, we served as a sponsor of Habitat’s 33rd Jimmy & Rosalynn Carter Work Project, in Memphis, Tennessee. The build focused on 19 new homes in uptown Memphis, 10 beautification projects, including minor repairs, painting and landscaping, and Aging in Place projects to enhance accessibility and mobility for low-income seniors.
As part of our work to build thriving communities, we’re addressing issues fundamental to economic mobility, including affordable housing. In 2015, through the Bank of America Charitable Foundation, we provided more than $24 million to more than 800 nonprofits addressing affordable housing and revitalization efforts as well as the delivery of integrated services such as financial education tools and resources. Our partnership with Habitat addresses the ongoing need for stable, affordable housing that enables individuals and families to break a cycle of poverty, accessing education and other opportunities that create long-term success and leading to healthy, more vibrant communities.
Habitat Global Build
Bank of America is proud to support our third Global Build, a week-long initiative during which nearly 2,000 employee volunteers will build affordable housing and take part in community revitalization projects around the world. In partnership with Habitat for Humanity, builds and community revitalization projects will take place in 85 communities across eight countries (China/Hong Kong, Indonesia, Philippines, Thailand, Australia, Canada, Ireland and the U.S.).