Bank of America Gives Back to Los Angeles Non-Profits

Bank of America, in its efforts to strengthen communities of color by advancing racial equality and economic opportunity, awarded $11million to over 170 local nonprofits in Los Angeles in 2021. Most of the grants went to organizations that supported minorities and those populations that have been disproportionately affected by the COVID-19 pandemic.

Their 2021 donations were majorly focused on alleviating the impact of racial and economic inequality. Investments included workforce development grants, basic needs grants, and community development grants.

“While the pandemic has taken a toll on us all, there’s no doubt it has had a disproportionate impact on the communities already grappling with the effects of economic and social inequality. The private sector has a responsibility to provide support that can serve as a catalyst to help advance equity and economic opportunity for everyone,” said Raul A. Anaya, president, Bank of America Los Angeles.

Included in the nonprofits receiving grants was the Los Angeles Urban League, A Place Called Home, Pacific Coast Regional Development Corporation, and various others.

For further information, please see the full article.