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Bank of America Increases Commitment to Advance Racial Equality and Economic Opportunity to $1.25 Billion


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Bank of America Increases Commitment to Advance Racial Equality and Economic Opportunity to $1.25 Billion
Expansion will include actions to address racial justice and advocacy for people of Asian descent
 
CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America today announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector. ....

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The FINANCIAL - Bank of America Increases Commitment to Advance Racial Equality and Economic Opportunity to $1.25 Billion


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The financial Bank of America announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector.
To date, the company has made more than $350 million in various investments from its initial $1 billion four-year commitment, announced in June 2020, across its primary focus areas of health, jobs/reskilling, affordable housing and small business. Additional funds announced today will further support investments to address racial justice, advocacy and equality for people and communities of color, including those of Asian descent,  Bank of America notes. ....

United States , Smithsonian Institution , District Of Columbia , San Francisco , Los Angeles , Connie Chung Joe , Chung Joe , Brian Moynihan , Central Bank , Leadership Conference Education Fund , America Asian Leadership Network , America Global Diversity Inclusion Council , America Institute For Women Entrepreneurship At Cornell , America National Community Advisory Council , Asian Leadership Network , America Chairman , Asian American , Asian Americans Advancing Justice , Advancing Justice , National Community Advisory Council , National Coalition , Asian Pacific American Community Development , Thong Nguyen , Asian Americans , Business Roundtable , Shared Future ,