Over $22 Million in Grants to Support Workforce Development and Education

Nov 06, 2012

Central Piedmont Community College (CPCC) in Charlotte, with the support of Bank of America, is helping hundreds of veterans make the transition from the military to civilian jobs. CPCC is an innovator in workforce development training; their program provides training, academic counseling and support services, all geared to help members of the military translate their skills into jobs in areas of economic growth.

CPCC is just one of over 1,000 nonprofits in 34 states that have benefited from over $22 million in 2012 philanthropic funding from the Bank of America Charitable Foundation. These grants focus on helping the unemployed, underemployed, youth, veterans and the disabled obtain and retain jobs. Collectively, Bank of America’s funding will enable these organizations to reach more than six million people, match over 100,000 youth with mentors, and help 29,000 individuals graduate with a degree or certification.

Kerry Sullivan, President of the Bank of America Charitable Foundation, says, “Investing in our nation’s current and future workforce is key to ensuring we remain competitive in an increasingly complex and competitive global economy. At Bank of America, we’re helping connect America’s workers to the education and skills necessary to help them find meaningful employment that will help them provide for their families and ultimately strengthen our communities and local economies.”

From programs that help at-risk youth access post-secondary opportunities to those that train people with barriers to employment for specific job opportunities, the bank’s support is helping individuals in need access resources and opportunities that will help them gain employment. In many cases, job training and workforce development programs already exist in their communities; the goal is to connect individuals to those resources.
   
Some of the nonprofits that received funding are:

  • The National Council on Aging, which is bringing workforce training and connections to jobs for seniors who need to maintain an income
  • Year Up, a nonprofit that works to close the opportunity divide by providing young people ages 18-24 years with pathways to livable wage careers and post-secondary education
  • Boys and Girls Clubs of America, which is engaging and supporting teens in developing essential soft skills needed for success in the workplace.


The bank’s funding for job training and education is part of its philanthropic focus on three issues vital to the economic health of communities: jobs, housing and hunger, and is an important element of Bank of America’s ongoing activities to help advance local economies.


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