Each Nonprofit Will Receive $200,000 in Flexible Funding and Leadership Training to Advance Economic Mobility
FORT LAUDERDALE, Fla. – Bank of America today announced United Way of Broward County and Arc Broward as the 2023 Neighborhood Builders® awardees for their work advancing economic mobility and building up underserved neighborhoods in Broward County. Through this multi-year grant funding and extensive leadership training for the nonprofits’ leadership, these organizations will be able to expand programs and services that uplift communities and empower individuals with disabilities.
The Neighborhood Builders program is one of the largest philanthropic investments into nonprofit leadership development in the nation, providing comprehensive leadership training for an executive director and an emerging leader on topics ranging from increasing financial sustainability, human capital management and strategic storytelling, and the opportunity to join a national network of peer organizations. Each Builder is also awarded a $200,000 grant over two years.
“Nonprofits are vital to solving social challenges, improving communities and promoting economic advancement,” said Lori Chevy, president of Bank of America Fort Lauderdale. “Providing these nonprofits with flexible funding and leadership training not only positions them for sustainable, long-term success, but demonstrates our commitment to creating real change in the places where we live and work.”
For over 80 years, The United Way of Broward County has advocated for the health, education and financial stability of individuals in the community. It fulfills this mission through programs that help uplift low-to-moderate communities in the areas of education, financial stability, health and housing. This new grant funding will enable the nonprofit to establish a Center for Working Families initiative that will provide financial coaching, credit counseling, resume building and employment opportunities.
“United Way of Broward County is beyond pleased to partner with Bank of America to provide financial education and support to individuals struggling in our community,” said Kathleen Cannon, president and CEO of the United Way of Broward County. “Offering integrated services in the areas of income, career, and financial support will provide those in need with a path to economic mobility and financial prosperity.”
Similarly, Arc Broward has transformed the community by providing opportunities for people with disabilities and empowering them to reach their potential. The organization offers 21 programs for people of all ages, aiding them as they seek careers, learn new skills, and build meaningful social connections. This new grant funding will enable the nonprofit to launch a new pilot program called Seed to Serve, which will partner with the Broward Partnership for the Homeless to help staff their kitchens and train individuals in culinary arts while addressing the needs for healthy, affordable meals for individuals emerging from homelessness.
“Receiving the Bank of America Neighborhood Builders Award is a game-changer for our organization,” said Julie Price, CEO of Arc Broward. “This grant will empower us to expand our education and training programs, enabling us to uplift not only people with disabilities but other individuals who experience barriers to employment, providing them with essential skills and opportunities for a brighter future.”
The invitation-only Neighborhood Builders program is highly competitive. Nonprofits are selected by a committee comprised of community leaders and past Builders awardees. Since 2004, 31 nonprofits have been selected as Neighborhood Builders in Broward County, with the bank investing more than $5 million into these local nonprofits.
Since 2004, Bank of America has invested more than $300 million in nearly 100 communities across the U.S., partnered with more than 1,600 nonprofits, and helped more than 3,000 nonprofit leaders strengthen their leadership skills through the Neighborhood Builders and Champions program.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
###
Reporters May Contact:
Matthew Daily, Bank of America
matthew.daily@bofa.com
