Bank of America Recognized for Support of Youth Mentoring and Employment

Jan 09, 2012

Bank of America was recognized by the White House for its support of mentoring programs that help youth attain academic and career success leading to long-term financial stability. The event, attended by President Barack Obama, Secretary of Labor Hilda Solis, Secretary of Education Arnie Duncan, and Secretary of Agriculture Tom Vilsak, gathered government, nonprofit, and business leaders to discuss opportunities to provide pathways to employment for low-income and at-risk youth in the summer of 2012.

In recognition of the vital role that employment and mentoring play in helping move youth and young adults toward economic self-sufficiency, at the event Bank of America committed to continue its significant support of workforce development opportunities and youth mentoring programs through volunteerism, as well as national and local partnerships. These efforts are part of the company’s broader $50 million commitment to education and workforce development announced in July 2011.

“At Bank of America, we recognize the importance of connecting underserved individuals, including youth and young adults, to meaningful employment that leads to economic self-sufficiency,” said Kerry Sullivan, president of the Bank of America Charitable Foundation, and accepting the award on behalf of Bank of America. “Helping young people attain valuable life and work skills creates a stronger workforce for the 21st century, and is just one of the many ways we are helping to create opportunities in the communities we serve.”

In 2011, Bank of America invested more than $15 million, and employees volunteered more than 75,000 hours to help youth and young adults attain life and work skills to propel them toward long-term success. In addition, the company served as the primary sponsor of the National Mentoring Partnership’s National Mentoring Summit, which helped catalyze volunteerism in the private sector through a Corporate Mentoring Challenge, and will continue to support this national effort in 2012. As part of the company’s commitment to youth employment, Bank of America’s Student Leader® program has awarded paid nonprofit internships to high school students committed to improving their communities, and has more than 1,600 student alumni.

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