New Jersey-Based Organizations Will Each
Receive Flexible Funding and Leadership Development Training to
Advance Economic Mobility
TRENTON,
N.J. and ASBURY PARK,
N.J., Dec. 7, 2022 /PRNewswire/ -- Programs and
services addressing New Jersey
health and neighborhood revitalization needs are helping more
people chart a path toward economic opportunity with help from a
multi-year grant from Bank of America. Trenton Health Team Inc. and
Interfaith Neighbors Inc. have been named as the 2022 Bank of
America Neighborhood Builders® awardees for their work in the
New Jersey community removing
economic barriers and advancing economic
opportunity.
Each organization receives a $200,000 grant over two years, comprehensive
leadership training for their executive director and additional
training for an emerging leader at the organization. The training
will include topics ranging from increasing financial
sustainability, human capital management and strategic
storytelling. They will also join a network of peer organizations
across the U.S. and have the opportunity to access capital to
expand their impact. The program continues to be the nation's
largest investment into nonprofit leadership development.
"Both Trenton Health Team and Interfaith Neighbors address
significant needs we face in New
Jersey." said Alberto
Garofalo, president, Bank of America
New Jersey. "It's important that we support leaders in the
nonprofit community not only with capital, but the resources and
training to position these organizations and their leaders for
long-term growth and impact."
Trenton Health Team (THT) is an innovative nonprofit dedicated
to the health and well-being of the greater Trenton community. THT has expanded in recent
years to address a broader range of health concerns, including
housing equality, food insecurities, neighborhood safety,
education, social cohesion, and equity. They will use the grant
funding to expand their community advocacy and engagement efforts,
amplifying resident voices on issues that impact the health and
well-being of themselves and their communities.
"Barriers in access to healthcare and other inequitable
socioeconomic conditions in places like Trenton make it critical that residents are
engaged as advocates and experts in determining the future of their
communities," said Gregory Paulson,
CEO of Trenton Health Team. "With this support from Bank of
America, we can further expand and deepen our efforts to support
community engagement with the goal of improving health and
well-being."
Interfaith Neighbors is focused on equitably and sustainably
transforming Asbury Park's
Westside neighborhood through effective, community-based planning.
Interfaith Neighbors also serves all of Monmouth County through its signature Rental
& Mortgage Assistance and local Meals on Wheels programs. They
will use their grant funding to launch new projects aimed at
expanding neighborhood access to healthy activities and food
choices.
"Interfaith Neighbors recently completed its second 10-year
neighborhood revitalization plan to eliminate disparities and
promote the principals of a healthy and connected community," said
Paul McEvily, Executive Director of
Interfaith Neighbors. "This funding from Bank of America will help
us bring that plan to life and enact lasting, meaningful change in
our communities."
In New Jersey, 38 nonprofits
have been selected as Neighborhood Builders since 2004, with the
bank investing $7.6 million into
these local organizations.
The invitation-only program is highly competitive, and
organizations are selected by a committee comprised of community
leaders and past Neighborhood Builders honorees.
Through 2021, Bank of America has invested over $280 million in 50 communities through
Neighborhood Builders, partnering with more than 1,400 nonprofits
and helping more than 2,800 nonprofit leaders strengthen their
leadership skills. Neighborhood Builders is just one example of how
Bank of America deploys capital in communities, builds cross-sector
partnerships and promotes socioeconomic progress as part of its
approach to responsible growth.
Bank of America Environmental, Social and Governance
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 responsible growth
with a focus on our environmental, social and governance (ESG)
leadership. ESG is embedded across our eight lines of business and
reflects how we help fuel the global economy, build trust and
credibility, and represent a company that people want to work for,
invest in and do business with. It's demonstrated in the inclusive
and supportive workplace we create for our employees, the
responsible products and services we offer our clients, and the
impact we make around the world in helping local economies thrive.
An important part of this work is forming strong partnerships with
nonprofits and advocacy groups, such as community, consumer and
environmental organizations, to bring together our collective
networks and expertise to achieve greater impact. Learn more
at about.bankofamerica.com and connect with us on Twitter
(@BofA_News).
For more Bank of America news, including dividend announcements
and other important information, visit Bank of America newsroom and
register for email news alerts.
Reporters may contact:
AnnMarie McDonald, Bank of
America
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trenton-health-team-and-interfaith-neighbors-awarded-funding-and-training-as-2022-bank-of-america-neighborhood-builders-301696694.html
SOURCE Bank of America Corporation