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Bank of America gives grants to 27 nonprofits serving Arizona children in poverty – Phoenix Business Journal
Bank of America gives grants to 27 nonprofits serving Arizona children in poverty Jun 30, 2018, 12:49pm MST Bank of America again dipped into nonprofit giving this year, offering up $750,000 in grants to 27 local nonprofits, many of which deal with shelter, food and children’s services.
“These grants that we provide are geared toward wrap-around services to help remove these barriers that keep people from achieving economic stability,” said Scott Vanderpool, a local marketing executive for Bank of America.
The announcement of BofA’s nonprofit giving comes the same week the Annie E. Casey Foundation released its 2018 Kids Count report show Arizona ranked 45th in the U.S. when it comes to children’s well-being. The report, which found that 24 percent of the state’s children live in poverty, shows Arizona lacking when it comes to services for children.
That ranking, and similar ones showing Arizona’s education system lacks what is needed for a future workforce, are often drivers for corporate giving.
Vanderpool said the annual BofA grants are part of the bank’s mission to improve financial lives of people living in poverty. This year’s giving was down slightly from last year, when BofA gave $775,000 to 34 local nonprofits.
The Boys & Girls Clubs of Metro Phoenix was among the organizations that received money. It is expanding its leadership in training program, or LIT, which helps teens land internships. Bank of America is offering 10 financial center internships.