Jeffrey Mosher welcomes Matt Elliott, Michigan State President and Region Executive, Bank of America Michigan, Detroit, MI.
Hear Matt and Jeffrey discuss how Bank of America awards over $4.4 Million to Nonprofits in Metro Detroit; More than 100 volunteers deploy on “Day of Giving” in the SoundCloud podcast shared below:
In their conversation Jeffrey looked to find out several things from Matt:
Matt Elliott, Michigan State President and Region Executive, Bank of America Michigan, Detroit, MI,
Bank of America awards over $4.4 Million to Nonprofits in Metro Detroit; More than 100 volunteers deploy on “Day of Giving”
- Tell us about Bank of America’s recent Day of Giving and the community outreach you do every year for this initiative.
- Why is community support and engagement of this type so important to Bank of America?
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Tell us about your annual Neighborhood Builder award winners for 2023?
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What role can this type of corporate involvement play in the continued economic growth of Detroit and throughout Michigan?
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Any final thoughts on the philosophy of Bank of America as it relates to charity and community involvement?
BofA Awards More than $4.4 Million to Nonprofits in Metro Detroit
Detroit Rescue Mission Ministries, Black Leaders Detroit announced as 2023 Neighborhood Builders Awardees
DETROIT – Bank of America celebrates its annual “Day of Giving,” connecting more than 100 employees with the bank’s community partners to volunteer with organizations helping to advance economic mobility and racial equality in Detroit. The day also includes a small business roundtable, a luncheon with bank teammates and partners and a special “GIVE” celebration event.
In 2023, the Bank of America Charitable Foundation Detroit Market awarded more than $4.4 million in community giving grants to 74 Metro Detroit area nonprofits. This year, Bank of America Corporation contributed more than $6.3 million in Michigan through grants, investments, sponsorships and engagements. These partnerships focus on ensuring individuals and families in Michigan have access to tools and resources improving economic mobility and essential services such as emergency shelter, affordable housing, access to food and financial education. Additionally, Bank of America employee volunteers spent more than 21,000 hours helping to strengthen local nonprofit partners.
“Our trusted community partners help businesses, individuals and families forge a path toward economic opportunity and stability,” said Matt Elliott, President, Bank of America Michigan. “Through our volunteers and grants, Bank of America is proud to stand with them to improve financial lives and the support people and programs devoted to building strong communities and neighborhoods in Detroit and throughout Michigan.”
Organizations receiving grants this year include:
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§ Abayomi Community Development Center
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§ ACCESS
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§ Allied Media Projects Inc
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§ American Heart Association Inc
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§ Arab American National Museum
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§ Black Leaders Detroit
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§ Build Institute
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§ Chaldean Community Foundation
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§ Children’s Center of Wayne County Inc
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§ City Year Inc
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§ Coalition On Temporary Shelter
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§ Community Housing Network, Inc
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§ Community Reinvestment Fund Inc
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§ Connect Detroit
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§ Detroit Economic Growth Corporation
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§ Detroit Employment Solutions Corporation
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§ Detroit PAL
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§ Detroit Regional Chamber Foundation Inc
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§ Develop Detroit, Inc
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§ Elevate Energy
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§ Enterprise Community Partners Inc
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§ Fair Food Network
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§ First Nations Development Institute
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§ Flint Institute of Arts
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§ Focus Hope
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§ Food Gatherers
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§ Forgotten Harvest Inc
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§ Gesher Human Services
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§ Gleaners Community Food Bank of Southeastern Michigan
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§ Global Detroit
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§ Great Lakes Women’s Business Council
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§ Habitat For Humanity Detroit
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§ Habitat For Humanity of Oakland County
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§ Haven Inc
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§ Housing Assistance Council
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§ Inclusiv Inc
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§ Initiative for a Competitive Inner City Inc.
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§ Invest Detroit Foundation
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§ Jefferson East, Inc
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§ Junior Achievement of Southeastern Michigan
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§ Local Initiatives Support Corporation
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§ MCHS Family Services
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§ Metro Detroit Black Chamber of Commerce Foundation
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§ Michigan Community Resources
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§ Michigan Science Center
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§ Midnight Golf Program
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§ Mosaic Youth Theater of Detroit
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§ Motown Historical Museum Inc
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§ NAACP Empowerment Programs Inc
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§ National Faith Homebuyers
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§ Npower Inc
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§ Pope Francis Center
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§ Racquet Up Detroit
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§ Ruth Ellis Center Inc
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§ S A Y Detroit
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§ Salvation Army
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§ Ser-Metro-Detroit Jobs for Progress Inc
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§ Sphinx Organization Inc
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§ TechTown Detroit
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§ The Carr Center
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§ The Edison Institute Inc
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§ The Greening of Detroit
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§ The Housing Partnership Network Inc
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§ The Wright
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§ Turn 2 U Inc
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§ United Community Family Services
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§ United Way for Southeastern Michigan
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§ University Of California Berkeley Foundation - Detroit
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§ Urban Alliance Foundation Inc
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§ Wayne State University
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§ WHOH Detroit Community Sports Complex Inc
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§ Year Up Inc
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§ YMCA of Metropolitan Detroit
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§ YouthBuild USA Inc
Detroit Rescue Mission Ministries and Black Leaders Detroit are Detroit’s 2023 Neighborhood Builders. Each organization will receive $200,000 in flexible funding, as well as comprehensive leadership training for their leadership teams that will cover topics ranging from increasing financial sustainability, human capital management and strategic storytelling. They also will join a network of peer organizations across the U.S. and get the opportunity to access capital to expand their impact.
The Detroit Rescue Mission Ministries (DRMM) is a faith-based nonprofit organization which has spent over 100 years of continued service providing food, shelter and services to intervene where homelessness and substance addiction occur. They will use the grant to offer a café and smoothie bar in midtown Detroit and a free grocery store at its banquet hall located on the east side of Detroit.
“We are deeply humbled and grateful to have received the Bank of America Neighborhood Builder award,” said Chad Audi, President and CEO of Detroit Rescue Mission Ministries. “This honor not only acknowledges our previous efforts, but also fuels our commitment to sustainability and creativity as we embark on a new adventure. We are working together to create a future that is both impactful and long-lasting."
Established in 2019, Black Leaders Detroit (BLD) provides funding for Black entrepreneurs in the city of Detroit. They plan to use the grant for general operating support and for no-interest loans for Black entrepreneurs in Detroit.
"We are excited to have Bank of America partner with us on this journey to create Equity without Excuses,” said Dwan Dandridge, CEO and Founder of Black Leaders Detroit. “Research shows that traditional institutions have a history of keeping Black Entrepreneurs on the outside when it comes to access to capital. The leaders that we work with on the Bank of America team are committed to making sure that tomorrow's research will tell a story of inclusion and equity. Receiving the Neighborhood Builders Award will allow us to expand our impact in Detroit for years to come."
Bank of America’s Day of Giving includes a small business roundtable with local partners to discuss the current business environment and identify opportunities to provide support and ends with GIVE, an event celebrating the bank’s local partners, this year’s Student Leaders® and its 2023 Neighborhood Builders awardees.
In the last decade, Bank of America awarded $45.3 million in support to fund partner initiatives, and its employee volunteers have spent thousands of hours helping to strengthen these important organizations.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
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