PeopleFund, an Austin nonprofit, works to inspire, educate and elevate underserved families by breaking the cycle of poverty through investment and education. The organization’s goal -- to make the American dream attainable for all.
Bank of America recognized PeopleFund’s great work in the Austin community and recently named the organization as a 2016 Neighborhood Builder.
Through Neighborhood Builders, the bank provides nonprofits with a combination of leadership development, flexible funding, a network of peer organizations across the U.S. and the opportunity to access capital in order to expand their impact in the Austin community.
Through our Neighborhood Builders program, we connect outstanding nonprofits, like PeopleFund, to the funding and leadership development resources they need to scale their impact.
Bank of America
“We recognize the critical role that nonprofits and their leaders play to build pathways to economic progress in the Austin community,” said Nikki Graham, Austin president, Bank of America. “Through our Neighborhood Builders program, we connect outstanding nonprofits, like PeopleFund, to the funding and leadership development resources they need to scale their impact.”
Through the bank’s program, PeopleFund will have the ability to support more entrepreneurs in managing and growing their businesses, which will help create even more job opportunities in Austin. PeopleFund will also invest further in their Bloom Lab, a space designed for home-based businesses to access training, mentorship and equipment to create online storefronts, host meetings and grow their skillset.
“We are honored and humbled to receive the Neighborhood Builders Award said Gary Lindner, PeopleFund president & CEO. “Bank of America has a history of exceptional support to PeopleFund. Last year 92 percent of our loans went to minority, women and veteran business owners. This award will elevate our ability to help put an even greater number of Austin area small business owners on a path to prosperity and the American dream.”
Bank of America also supports PeopleFund through the Tory Burch Foundation Capital Program. This program allows the bank to provide women small business owners with access to affordable capital through community development financial institutions (CDFIs). From 2014-2016, the partnership has provided $1.5 million to 28 women entrepreneurs, helping them achieve their dreams of starting and growing their own businesses.
Bank of America has invested more than $3.2 million to 12 nonprofit organizations as part of this program in Austin. Nationally, the program has been recognized as the nation’s largest philanthropic investment in nonprofit leadership development.
The bank is committed to building thriving communities and illustrating how strong partnerships and local community leaders can play meaningful roles in communities.