PROVIDENCE – The Bank of America Charitable Foundation has awarded $325,000 in grants to seven Rhode Island nonprofits that address critical needs, such as hunger and shelter, and promote long-term financial wellness.
The awards are in addition to $690,000 in grants announced earlier this year that support housing, workforce development and education programs.
“Getting enough to eat and finding a place to spend the night is a daily struggle for many,” said Bill Hatfield, Rhode Island president of Bank of America. “These grants will help local organizations in their vital efforts to meet the pressing needs of Rhode Islander while providing resources to promote long-term financial stability.”
Crossroads Rhode Island is one of the groups receiving support. The nonprofit serves 3,500 Rhode Islanders each year, focusing on helping homeless or at-risk individuals and families secure stable homes. The funds will help Crossroads with assessment, shelter, case management, rapid re-housing, transitional and permanent housing, job training, and employment.
“Crossroads Rhode Island is so fortunate to have a partner like Bank of America who supports our critical mission of helping homeless families and individuals secure stable homes,” said Anne Nolan, president of Crossroads Rhode Island. “This grant comes to us during a time when many other funding sources are being cut or eliminated completely.”
Other organizations receiving grants include Connecting for Children and Families Inc., the Dr. Martin Luther King Jr. Community Center Inc., House of Hope, McAuley Ministries, the Rhode Island Community Food Bank Association and United Way of Rhode Island.
The funding is part of the company’s intensified philanthropic focus on three core issues vital to the economic health of communities – housing, jobs and hunger – and represents an important component of Bank of America’s lending, investing and giving activities to help advance local economies.