Helping to build thriving communities in South Florida

Helping to grow the evolving market for social-impact investing is an important part of Bank of America’s mission. That’s why the Bank of America Charitable Foundation awarded 125 nonprofits in South Florida approximately $2.5 million in grants in 2017, as an investment in the economic vibrancy of Miami-Dade, Broward and Palm Beach counties.

Bank of America’s nonprofit partners are essential to the local communities, helping provide educational opportunities for community members, including students and the elderly. Our partners also help provide financial education and assist with critical needs like housing and hunger — all part of the bank’s commitment to helping neighbors and building thriving local economies.

“These organizations do an incredible amount, but it takes collaboration and support from both the private and public sector to help them build thriving communities that positively impact us all,” said Gene Schaefer, Bank of America Miami market president. “I’m moved by the passion and dedication of those who lead these nonprofits in our area, and I see the results of their efforts on a daily basis, including the dedication of the committed volunteers who contribute not only funding, but their time and skills to nonprofits.”

As part of the bank’s 2017 funding, four South Florida nonprofits got a major boost through the bank’s signature Neighborhood Builder program. These four nonprofits received $200,000 in flexible funding and leadership training that comes with the grant.

  • In Miami, 2017 Neighborhood Builder Camillus House will utilize its flexible funding to expand the Camillus Youth Housing Initiative (CYHI), providing access to housing over two years for as many as 48 youths who are homeless and/or emerging from the foster care system.
  • Across town, the PACE Center for Girls will use the funding to enhance and grow a three-year after-care program for girls who have transitioned out of the PACE Center; its aim is to minimize the impact of risk factors, improve their academic standings and reduce the chance of juvenile justice involvement.
  • In Broward County, the Boys and Girls Clubs will use its flexible funding as a Neighborhood Builder to expand three workforce development programs for at-risk teens, Career Launch, Money Matters and SkillsUSA. The programs will help local teens prepare for and find jobs, manage money and determine career and education paths.
  • In Palm Beach, the grant will help Families First of Palm Beach County support the growth of additional supportive housing units in the Western Communities through the Bridges to Success program. The funding will also support growing needs in its six programs aimed at providing outstanding services for families so children grow up in safe and loving homes that lead to stronger families and communities.

The bank’s philanthropic mission also extends to its employees, who volunteered more than 21,000 hours in 2017 to organizations in Broward, Miami-Dade and Palm Beach counties as part of the company’s annual goal to donate 2 million volunteer hours nationally. Additionally, the bank supports employee giving to qualifying charitable organizations through the Foundation’s Matching Gifts program.

2/28/18


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These organizations do an incredible amount, but it takes collaboration and support from both the private and public sector to help them build thriving communities that positively impact us all.

Gene Schaefer
Bank of America Miami market president