• Mon. Dec 5th, 2022

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Financial institution of America awards grants to Memphis nonprofits

ByEditorialTeam

Oct 5, 2022

Financial institution of America plans to award almost $700,000 in grants to twenty Memphis nonprofits to assist regionally drive financial alternative.

The $686,625 in grant funding will assist applications centered on jobs, coaching, small enterprise assist, inexpensive housing, group revitalization and healthcare with the purpose of constructing long-term stability within the space.

“Investing in partnerships with nonprofit organizations, addressing systemic points, is key to driving financial entry and social progress in Memphis,” mentioned Trevia Chatman, president of Financial institution of America Memphis. “This is only one means Financial institution of America deploys capital regionally to assist take away boundaries to financial success and construct a extra sustainable group.”

In a information launch asserting the grants, Financial institution of America said employment is a key driver of financial mobility in Memphis, and that’s why the financial institution is supporting a variety of workforce growth and academic alternatives to assist susceptible people and households stabilize and advance.

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