Bank of America Invests More than $460,000 in Savannah in 2022
Tuesday, December 20th, 2022
As part of its commitment to responsible growth, Bank of America has invested a total of $463,500 across Savannah this year through philanthropic grants helping to strengthen the local economy. The support is helping to drive economic mobility and social progress, with a particular focus on advancing racial equality and economic opportunity. Specifically, Bank of America’s local giving this year helped to support basic needs, workforce development, and affordable housing.
For instance, the bank provided a $125,000 grant for the second year in a row to Savannah Technical College to support workforce development initiatives. These grants supported gap funding for students in high demand industries, fast-track non-credit training, and emergency/last-mile financial assistance. Bank of America also named America’s Second Harvest of Coastal Georgia a Neighborhood Champion to receive a $50,000 grant to help fight hunger and address food insecurity in Savannah and the surrounding areas.
Bank of America has provided more than $1.4M in support to the Savannah community since 2017. In addition, our employees have also donated over $240,000 and volunteered 13,000 hours since 2017.
“Nonprofits are on the front lines of addressing complex societal challenges – understanding the needs and obstacles Savannah faces, while developing the solutions and services to promote economic advancement,” said Patrick O’Neil, president, Bank of America Savannah. “As Savannah individuals and families continue to work toward a better future, Bank of America will continue to deploy capital and resources to help remove barriers to economic success and build a more sustainable community.”
This year’s efforts reflect the bank’s commitment to addressing critical issues and long-term gaps by partnering with local leaders and organizations to support diverse and women entrepreneurs, build job skills, support basic needs and create opportunities to help people succeed today and in the future.
