Bank of America has awarded $402,500 in economic mobility grants to 41 nonprofits working to increase basic needs, education and workforce development opportunities in Southern Nevada.
Pictured: Bank of America’s Dan Giraldo hand-delivered a $30,000 grant to Clark County’s Summer Business Institute (SBI). The grant, accepted by Clark County Commissioner Lawrence Weekly, supports the program’s paid summer employment and educational workshops for more than 140 CCSD high school students.
With the Las Vegas unemployment rate higher than the national average at nearly 5 percent, access to basic resources such as housing, shelter and food are important for people to achieve economic mobility. Add to this limited access to career skills training or financial education, and economic stability becomes even more challenging.
The nonprofits receiving funding are providing pathways to employment, such as offering veterans essential guidance as they enter the workforce and connecting youth to opportunities for first-time jobs – work that aligns with Bank of America’s commitment to building a diverse workforce to help create economic opportunity and help people chart a path toward greater economic mobility by improving access to food, shelter, benefits and other fundamental needs.
“We recognize that prioritizing immediate basic needs will open doors to long-term economic stability, and ensuring people have access to skills-building and job resources will help them take the next step toward financial security,” said Al Welch, Las Vegas market president, Bank of America. “We’re honored to partner with nonprofits across the valley that are on the ground every day helping make people’s lives better.”
“Every day at the Las Vegas Rescue Mission we have the opportunity to be there for individuals and families in greatest need, said John Fogal, director of program services & community relations, Las Vegas Rescue Mission. “Thanks to our community, we are able to meet the short-term needs of meals, shelter and basic items for those dealing with the crisis of homelessness. More than that, we are also able to provide long-term solutions toward permanent housing, job preparedness and financial stability. Partners like Bank of America do so much to help make this possible, not only for the Rescue Mission, but for so many great organizations in the valley. Thank you, Bank of America, we are so proud to partner with you to make our community better.”
Other organizations receiving grants include:
After-School All-Stars Las Vegas; Boys & Girls Club of Southern Nevada; Candlelighters Childhood Cancer Foundation of Nevada; Clark County Public Education Foundation; Communities in Schools of Nevada; DISCOVERY Children’s Museum; Dress for Success Southern Nevada; Father Flanagan’s Boys’ Home; FIRST Nevada; Foundation for an Independent Tomorrow; Fulfillment Fund; Future Smiles; Global Charity Foundation; Goodie Two Shoes Foundation; Goodwill of Southern Nevada; HELP of Southern Nevada; Junior Achievement of Southern Nevada; Las Vegas Rescue Mission; Lutheran Social Services; Make-A-Wish; Miracle Flights; Nevada Business Opportunity Fund; Nevada Homeless Alliance; NV Paralyzed Veterans of America; Nevada Partnership for Homeless Youths; Nevada Public Radio; Operation Homefront; Opportunity Village; safe Nest; Service Corps of Retired Executives; Southern Nevada Public Television; Spread the Word Nevada; St. Rose Dominican Health Foundation; St. Jude’s Ranch for Children; Summer Business Institute; Teach for America; Tech Impact; The Ogden Foundation; Shade Tree; Three Square Food Bank; and YMCA of Southern Nevada.
The grants in Las Vegas are part of nearly $43 million in grants the Bank of America Charitable Foundation is providing across the country to advance economic mobility. These grants are a part of the company’s commitment to responsible growth as it works to improve financial lives. Philanthropic and volunteer investments from employees play a key role in this effort to build thriving communities. In 2016, Bank of America employees in Las Vegas collectively spent nearly 12,000 hours volunteering with local organizations, and pledged nearly $900,000 to support local nonprofits and community initiatives.