To support communities amid the ongoing pandemic, Bank of America has awarded nearly $2 million to local nonprofits across Las Vegas this year, with a focus on alleviating the unprecedented impacts to health, food insecurity, jobs and education.
In addition to this philanthropic capital, which is double its giving in 2019, the bank also donated 204,000 personal protective equipment masks and 400 cases of hand sanitizer to help protect the most vulnerable populations hardest hit by the virus.
This year, philanthropic investments included grants to HELP of Southern Nevada to support youth who are experiencing homelessness and working toward financial stability through housing, job assistance and behavioral health services, Three Square Food Bank to broaden access to nutritious food and combat food insecurity, as well as the Public Education Foundation to purchase Chromebooks and other necessary technology for students to be successful amid distance learning.
“While all of us have been impacted by the ongoing pandemic, the nonprofit sector continues to experience unprecedented demand for critical services to support vulnerable populations such as seniors and communities of color who are disproportionately impacted. As a major company and employer, Bank of America recognizes the responsibility we have to support our local communities however we can,” said Al Welch, Las Vegas market president, Bank of America. “By directing philanthropic capital locally, we can address the most immediate needs while helping our most vulnerable communities become more resilient and positioned for success moving forward.”
Beyond grants and donations, local bank employees also found ways to give back through virtual volunteerism this year, serving over 110 local causes and projects across the region.
As an essential business, Bank of America also invested in the health and economic stability of its own employees this year by raising its minimum hourly pay to $20 and expanding family benefits, including increasing childcare reimbursement to $100 per day, providing meal subsidies, and giving supplemental bonus pay to essential workers serving the daily banking needs of clients.