Bank of America Honors Five Leaders Creating Change for People and Communities of Color

Photo Caption: Neighborhood Builders: Racial Equality Award Honorees, Courtesy of Bank of America. Top row, left to right, Nathaniel Smith and Manjusha (Manju) P. Kulkarni. Bottom row, left to right, Edgar Villanueva, Luz Corcuera, and John Rice.

New Neighborhood Builders: Racial Equality Award Celebrates Individuals and Supports Strategic Growth of Nonprofits Driving Progress

Bank of America has announced the inaugural honorees of its Neighborhood Builders: Racial Equality Award, a new recognition that honors individual leaders who are advancing racial equality and economic opportunity in Black, Hispanic-Latino, Asian American, and Native American communities. The five honorees are being recognized for their extraordinary contributions to break down systemic racial barriers and create opportunities for people of color across the country.

“Through this program we are recognizing the impact of inspiring leaders in our country who are creating real change,” said D. Steve Boland, chief administrative officer at Bank of America. “Supporting nonprofits and their leaders has been core to our approach of investing in the local communities we serve. We are proud to honor these brilliant leaders and empower nonprofits with resources to continue their work in support of communities of color.”

The Racial Equality Award is an extension of Bank of America’s signature philanthropic program, Neighborhood Builders®, which focuses on economic mobility and nonprofit leadership. Awardees have the opportunity to direct $200,000 in flexible funding to a nonprofit of their choice and the selected organizations will also be invited to participate in the company’s year-long Neighborhood Builders Leadership Program, which provides strategic growth and development trainings, setting the organizations up for long-term success.

The 2022 group of awardees includes:

This newly-established award is one example of how Bank of America continues to build on its philanthropic programs with opportunities to drive economic and social progress, including through its $1.25 billion, five-year commitment to advance racial equality and economic opportunity, of which it has directly funded or invested more than $450 million. Since 2004, Bitprofit research shows that through its Neighborhood Builders® and Neighborhood Champions programs, Bank of America invested more than $285 million in 92 communities across the U.S., partnered with more than 1,400 nonprofits, and helped more than 2,800 nonprofit leaders strengthen their leadership skills. Nearly 17 years after its launch, Neighborhood Builders is one of the nation’s largest philanthropic investments in nonprofit leadership development.

Exit mobile version