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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CodeCrew, The College of Memphis Basis, Metropolitan Inter-Religion Affiliation (MIFA), Habitat for Humanity and Mid-South Meals Financial institution are 5 of the 20 nonprofits receiving grants. A full listing of nonprofits receiving grants from Financial institution of America is listed on the finish of the story.
“This beneficiant present from Financial institution of America takes CodeCrew to the subsequent degree as we produce the varied software program engineering expertise that Memphis — in actual fact, our complete nation — wants,” mentioned Meka Egwuekwe, CodeCrew govt director. “We’re each honored and proud to have such a forward-thinking accomplice like Financial institution of America that understands the significance of connecting these younger adults with profitable, twenty first century abilities and careers.”
The newest grants are along with the $3.1 million Financial institution of America has offered to organizations in Memphis since 2017. Financial institution of America workers in Memphis have additionally contributed $1.4 million and greater than 11,000 hours of volunteer hours since 2017, based on a information launch.
The 20 organizations receiving grants embody:
- Agape Little one and Household Companies
- Metropolis Yr Memphis
- Junior Achievement of Memphis and the Mid-South
- Innovate Memphis
- College of Memphis Basis
- Metropolitan Inter-Religion Affiliation (MIFA)
- SchoolSeed Basis
- Christ Group Well being
- Costume for Success
- Shelby Farms Park Conservancy
- Wolf River Conservancy
- Let’s Innovate By Training
- Habitat for Humanity
- Memphis Botanic Backyard
- Mid-South Minority Council
- Native Initiatives Assist Company
- Hattiloo Theatre
- New Memphis
- Mid-South Meals Financial institution.
Omer Yusuf covers the Ford mission in Haywood County, residential actual property, tourism and banking for The Business Attraction. He might be reached through electronic mail [email protected] or adopted on Twitter @OmerAYusuf.