Project H.O.M.E. Receives $200,000 Grant from Bank of America
OCTOBER 26, 2009Project H.O.M.E. and Children’s Literacy Initiative Awarded $400,000 to Address Homelessness and Literacy Education in Philadelphia
PHILADELPHIA, PA. â€" The Bank of America Charitable Foundation today announced its continuing support of nonprofits in the Philadelphia community, providing more than $400,000 in unrestricted funding to address critical social issues through the bank’s Neighborhood Excellence Initiative (NEI). The program, which is helping to sustain nonprofits during this challenging economic time and increase their long-term viability, is investing $20 million globally this year in addition to the more than $90 million committed over the last five years.
Project H.O.M.E. and Children’s Literacy Initiative (CLI) have been named 2009 Philadelphia Neighborhood Builders® through which they will each receive $200,000 in unrestricted grant funding and participate in Bank of America’s Neighborhood Excellence Leadership Program® with other nonprofit leaders from 45 communities across the country and London.
The Bank of America Charitable Foundation’s Neighborhood Excellence Initiative annually recognizes organizations, individuals and students who have shown a commitment to improving their communities. In its sixth year, the Bank of America Charitable Foundation has committed more than $110 million globally to the NEI program since its inception.
