Bank of America Corp (NYSE: BAC) gave announced that it would be giving $1 million in contributions to education initiatives in the Charlotte area, including $200,000 awards to Teach for America and Freedom School Partners as part of a wider initiatives to help reduce high school dropout rates in the region.
The gifts are being made in coordination with the Charlotte-based bank’s sponsorship of the Bank of America 500 at the Charlotte Motor Speedway. The Bank of America Charitable Foundation plans on honoring winners of the company’s Neighborhood Excellence Initiative at the Bank of America 500 race.
Bank of America Corp (NYSE: BAC) will be giving Teach for America and Freedom School Partners $200,000 each. The two organizations will also participate in the bank’s “Neighborhood Excellence Leadership” along with other non-profits. Bank of America has committed more than $130 million globally to the Neighborhood Excellence Initiative, including more than $3 million in contributions in the Charlotte area.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management, with the remaining operations recorded in All Other.
Shares of BAC traded down 0.23% during mid-day trading on Monday.
