LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- The budding
135,000 square-foot Kirk Kerkorian School of Medicine at
UNLV has received a $1 million donation toward its construction from
Bank of America. The corporate donation is the very first of its
kind benefitting the project, which broke ground in October 2020 and is slated for completion in
2022.
To-date, the majority of the project has been funded by more
than $150 million in private
donations, including contributions from the Estate of Kirk Kerkorian, Engelstad Foundation and the
State of Nevada, among others.
"Since day one, this project has been a collaborative effort
that has brought the absolute best in our community together to
make this project a reality," said Maureen
Schafer, President and CEO of Nevada Health & Bioscience
Corporation (NHBC), the company overseeing the Kirk Kerkorian
School of Medicine at UNLV development.
"Bank of America has been engrained in Southern Nevada for decades and knows exactly
what it takes to make this such a strong place to call home. We are
excited to have them be a part of our winning formula."
Upon completion, the school will accommodate a class size of up
to 120, doubling the school's current capacity. A Brookings
Mountain West / Tripp Umbach study
found that a new medical school in Las
Vegas would equate to residents less likely to leave the
state for medical care and it would also be a boon to the economy,
equating to an infusion of $1.2
billion per year locally after its first 15 years of
startup.
"As more and more decide to call Las
Vegas home, increasing access to quality health care and
building a robust pipeline of medical professionals have never been
more important," said Al Welch, Bank
of America Las Vegas President. "We see this grant to the Kirk
Kerkorian School of Medicine at UNLV as
a vital investment toward our community's budding minds as well as
the vitality of our residents. Amid our efforts in and beyond
Las Vegas, Bank of America is
truly honored to support this project."
In 2020, Bank of America awarded nearly $2 million to Las
Vegas area nonprofits, which was nearly double its 2019
giving. Its 2021 efforts have impacted more than 100 local
nonprofits, as it works to improve the financial lives of
individuals and families.
As part of its commitment to the Kirk Kerkorian School of
Medicine at UNLV, Bank of America will
receive naming rights and access to a unique video board inside the
front entrance of the school.
For more information on the Kirk Kerkorian School of Medicine at
UNLV, visit nevadahbc.org.
Bank of America
At Bank of America (NYSE: BAC) , we're guided by a
common purpose to help make financial lives better, through the
power of every connection. We're delivering on this through
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impact we make around the world in helping local economies thrive.
An important part of this work is forming strong partnerships with
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networks and expertise to achieve greater impact. Connect with us
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Reporters May Contact:
Jumana Bauwens, Bank of
America
Phone: 1.213.345.9134
jumana.bauwens@bofa.com
Jasen Woehrle, Jesse Scott or KC Kappen, NHBC's public
relations & marketing firm
Phone: 1.702.739.9933
nhbc@thefirmpr.com
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SOURCE Bank of America Corporation