Bank of America Charitable Foundation awards $1.1 million to metro Detroit nonprofits helping those in financial stress

Bank of America Charitable Foundation awards $1.1 million to metro Detroit nonprofits helping those in financial stress
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Metro Detroit families and individuals facing difficult financial decisions will get more help from 39 Detroit nonprofits thanks to a $1.1 million award from the Bank of America Charitable Foundation.

The foundation celebrated its annual “Detroit Day of Giving” on Nov. 14 by distributing the dollars to the organizations that work to ensure individuals and families in metropolitan Detroit have access to the tools and resources that support economic mobility including basic needs and services. The nonprofits provide some of the essential services that help people find their way to economic stability, including emergency shelter, access to food, financial education and benefits, and reach individuals at their immediate point of need to connect them to programs and resources.

Last year Bank of America volunteers helped with the Salvation Army’s “Bountiful Boxes” initiative, which provides holiday food boxes offering ingredients for diverse meal options to individuals and families from Macomb, Oakland and Wayne counties.

In addition, 12 employee teams and more than 100 Bank of America teammates volunteered and visited the organizations in metro Detroit where they learned firsthand the impact the grants will have on the nonprofits’ goals. The grants are a part of the bank’s philanthropic investments that are aimed at improving the lives of individuals and families and the communities in which they live.

Bank of America also announced its Neighborhood Builders Awardees during the “Detroit Day of Giving.” This year’s awardees are Community Development Advocates of Detroit (CDAD) and Jefferson East, Inc. (JEI). The two nonprofits received $400,000 in grants — $200,000 each — to increase their impact in the community through program expansion or operations and advanced leadership training.

The Neighborhood Builders program deploys capital in communities and builds cross-sector partnerships, advancing economic and social progress as part of the bank’s approach to responsible growth.

For 20 years, the Community Development Advocates of Detroit (CDAD) has served as a leading voice for Detroit’s community development industry.  With more than 100 dues-paying members, it advocates for public policies and resources that advance the work of nonprofit, community-based organizations in Detroit neighborhoods that are engaged in physical development, land use planning, community organizing, and other activities designed to stabilize and revitalize the quality of life in Detroit.

According to research from the University of Michigan, as well as research from Local Initiatives Support Corporation, CDAD members have provided in excess of $250 million in economic development, including 3,500 new or rehabilitated units of affordable housing and more than 600,000 square feet of new or renovated commercial retail space.

Josh Elling, executive director of Jefferson East Inc., thanks Bank of America for the Neighborhood Builders Award.

Jefferson East, Inc.’s mission is to grow Detroit’s east Jefferson corridor and its neighborhoods through facilitative leadership, collaborative partnership, innovative and impactful programming. JEI represents five neighborhoods along the east Jefferson corridor, provides programming within a boundary area of 18.4 square miles and represents approximately 42,120 residents.

From historic homes and modern apartment buildings, living and working along the corridor provides access to Detroit’s city parks, nationally renowned Belle Isle, the active RiverWalk and connections to the Dequindre Cut.

Bank of America created Neighborhood Builders in 2004 to strengthen the network of nonprofit leadership critical to helping local communities thrive. Since then, the bank has invested more than $220 million in grants to build more sustainable communities – one of the nation’s largest philanthropic investments in nonprofit leadership development.

“Bank of America focuses on the pathways to economic mobility because that brings us closer to finding solutions to the challenges we face in today’s global economy,” says Matt Elliott, Michigan market president, Bank of America. “Through our commitment and collaboration with community partners we address critical issues of workforce development, education, housing, financial literacy, and community development – with a common goal of replacing barriers with opportunities.”

Organizations that received “Detroit Day of Giving” awards include:

  • Accounting Aid Society; Big Brothers Big Sisters of Metro Detroit
  • Black United Fund of Michigan
  • Build Institute
  • Catholic Charities of Southeast Michigan
  • Chaldean American Ladies of Charity
  • Civilla Grant
  • Community Development Advocates of Detroit
  • Crime Stoppers of Michigan
  • Detroit Riverfront Conservancy
  • DESC
  • Design Core Detroit
  • Detroit Police Athletic League (PAL)
  • Fair Food Network
  • Focus: HOPE
  • Global Detroit
  • GLWBC
  • Racquet Up
  • Greening of Detroit
  • Habitat for Humanity Oakland County Team
  • Invest Detroit
  • Junior Achievement of Southeast Michigan
  • JVS
  • Lighthouse of Oakland County
  • Macomb County Warming Center Team
  • Midnight Golf
  • S.A.Y. Detroit
  • Salvation Army
  • Southwest Detroit Business Association (SDBA)
  • SER Metro
  • Tech Town
  • Urban Neighborhood Initiatives
  • YMCA of Metropolitan Detroit

Additionally, the Bank of American Charitable Foundation contributed nearly $3 million in Michigan through grants, sponsorships, contributions by bank employees and matching gifts during its “Day of Giving.”

Top photo: Representatives of SER Metro receive their award.

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