Bank of America Awards $260,000 to 21 Local Nonprofits on Giving Tuesday to Help Close the Basic Needs Gap in Orange County.
IRVINE – Bank of America announced today, on what is known as “Giving Tuesday,” $260,000 in grants, to be distributed to 21 nonprofits working to increase access to basic necessities and enable families in Orange County to thrive. In Orange County, there are more than 335,000 people are living in food-insecure households, struggling to find access to nutritionally, adequate food, while others struggle to address other basic needs.
Funding will help individuals and families in Orange County gain greater economic mobility through increased access to food, shelter, benefits and other fundamental needs that will enable them to move toward long-term stability. The funding is an example of how Bank of America is driving sustainable growth that supports shared success in the community.
“Basic needs assistance is a critical stepping stone on the pathway to financial progress for individuals and our community as a whole,” said Allen Staff, Orange County market president, Bank of America. “We’re honored to support leading nonprofit organization partners in Orange County that are helping individuals in our community move out of poverty toward better financial futures.”
Among the nonprofits receiving grants is HomeAid Orange County which will use the funding to support its housing and community service initiatives geared towards housing those experiencing homelessness.
“Ending homelessness is HomeAid Orange County’s mission. And we strive to accomplish this through the development of much-needed housing,” said Anita Rodriguez, HomeAid’s Director of Development. “It is only because of partners like Bank of America who have supported our efforts not only financially through this generous grant but also through staff volunteer efforts that HomeAid has been able to transform more than 55,000 lives through its housing program since 1989. We are extraordinarily grateful to Bank of America and its employees for its unwavering support of our mission to end homelessness in Orange County.”
Other organizations receiving grants include: AIDS Services Foundation Orange County, Camino Health Center, Community Action Partnership of Orange County, Community SeniorServ Inc., Fullerton Interfaith Emergency Service Inc., Grandma's House of Hope, Human Options, Inc., J F Shea Therapeutic Riding Center Inc., Latino Health Access, Laura's House, Mercy House Living Centers, Mission Hospital Regional Medical Center, Oak View Renewal Partnership A California Public Benefit Corporation, Orange County Rescue Mission Inc., Orangewood Foundation. People for Irvine Community Health, Project Access Inc., Providence Speech & Hearing Center, Second Harvest Food Bank of Orange County Inc., HomeAid Orange County, and South County Outreach.
The bank’s investment in financial education through basic needs funding is part of its broader commitment to improve the financial lives of the individuals and communities it serves. In partnership with Khan Academy and its founder, online educator Sal Khan, Bank of America developed BetterMoneyHabits.com– a free, online tool that puts financial education in the hands of consumers through easy to understand language to empower better financial lives and decisions.
In addition to philanthropic funding in the Orange County, the bank’s employee volunteers play a critical role in helping to advance thriving communities. In 2015, the Bank of America Charitable Foundation gave more than $1 million in grants to Orange County nonprofits, and local employees volunteered more than 40,000 hours in Orange County communities.
About Bank of America Environmental, Social and Governance
At Bank of America, our focus on Environmental, Social and Governance (ESG) factors is critical to fulfilling our purpose of helping make people’s financial lives better. Our commitment to growing our business responsibly is embedded in every aspect of our company. It is demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our customers, and the impact we help create around the world in helping local economies thrive. An important part of this work is forming strong partnerships across sectors - including community and environmental advocate groups, as well as non-profits – in order to bring together our collective networks and expertise to achieve greater impact.Learn more at www.bankofamerica.com/about and connect with us on Twitter at @BofA_News.