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Placer Sentinel

Bank of America Invests More than $1.4 Million

Jan 31, 2024 03:24PM ● By Bank of America News Release

SACRAMENTO, CA (MPG) - As part of its longstanding commitment to supporting economic opportunity in local communities, Bank of America has invested more than $1.4 million across nearly 65 organizations in Sacramento this year through philanthropic grants and sponsorships to the region’s nonprofits. The support helps nonprofits remove barriers to economic mobility, with most bank funding directed for workforce development and job skill training, entrepreneurship and small business development, housing, and hunger relief.

For instance, Bank of America continued its grants to food-related small businesses, local farmers and food entrepreneurs through its support of programs like Visit Sacramento’s Farm to Fork Festival. Additionally, the Bank has provided grants to Alchemist CDC to scale community-based small business programs, and Second Harvest Food Bank to combat food insecurity.

In addition to philanthropic capital, the company’s local employees provided more than 18,000 volunteer hours throughout the year to local causes, ranging from assisting with food distribution, to providing free financial education workshops to more than 20 nonprofit organizations as part of the bank’s Better Money Habits program.


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