December 14, 2016 - Bank of America today announced $289,000 in grants to be distributed to Connecticut nonprofits working to increase access to basic necessities, such as food and stable housing, and enable families in Connecticut to thrive. These grants are critical in areas such as Hartford, where over 13% of the population is food insecure.
Funding will help individuals and families in Connecticut 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 Kevin Cunningham, Connecticut market president, Bank of America. "We're honored to support leading nonprofit organization partners that are helping individuals in our community move toward better financial lives."
Organizations receiving grants in the Hartford community include:
- Connecticut Association for Human Services
- Farm to Family, Inc.
- Hands On Hartford
- HARC, Inc.
- Hartford Food System
- Hartford Hospital
- Hartford Interval House
- Malta House of Care
- Mercy Housing and Shelter Corporation
- Open Hearth Association
- Prudence Crandall Center
- St. Vincent de Paul Middletown
- The Network
- The Salvation Army
- The Shoreline Soup Kitchens & Pantries
- United Way of Central and Northeastern Connecticut
- Village for Families and Children
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.
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.