Bank of America Donates $1.5 Million to Combat Hunger Through Newly Established Gift for Opportunity(TM) Fund

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As hunger relief organizations continue to confront the alarming number of Americans at risk of experiencing food insecurity, Bank of America today announced a combined $1.5 million donation to Feeding America and the Boys & Girls Clubs of America through its newly established “Gift for Opportunity” fund. This donation, made possible due in part to Bank of America customers and associates who made charitable contributions to the fund over the course of six weeks starting in December, will help these organizations and their networks serve more than 40 million Americans, including children, families and individuals.
The Bank of America “Gift for Opportunity” fund is a new, nationwide program that extends the combined charitable giving of the bank’s customers and associates through a corporate match. During times throughout the year, Bank of America plans to activate the “Gift for Opportunity” fund to support a variety of critical community needs important to both the bank and its customers.

“The issue of food insecurity really motivated our customers and associates to give generously of their money and time,” said Kerry Sullivan, president of the Bank of America Charitable Foundation. “The money we give in terms of charitable grants is extremely important, but it’s also our associates who give their time and their talents to provide opportunities for the families and children in the communities we serve.”

Volunteerism is a vital complement to the “Gift for Opportunity” fund. Bank of America associates donated more than 1 million volunteer hours to support a variety of community organizations and causes, including food insecurity, with more than 50 events focused on helping to alleviate hunger in December alone.

Bank of America is a longtime supporter of both organizations and the donation is in addition to the combined $17 million that the Foundation has directed to these nonprofit partners and their networks since 2008.

In its first use of the fund, the Bank of America Charitable Foundation donated $1 million to support Feeding America, the nation’s leading hunger-relief organization, and the Boys & Girls Clubs of America, which provides a safe place for children to obtain nutritious meals through its network of 4,000 Clubs.

“This generous donation will have a real impact in the lives of so many people, allowing families, children and the elderly to receive food and nourishment,” said Vicki Escarra, president and CEO of Feeding America. “We are extremely grateful for the support from Bank of America and donors to the ‘Gift for Opportunity’ fund.”

“Partnering with Bank of America enables our food program and Kids CafĂ© to function successfully in local communities nationwide,” said Roxanne Spillett, president and CEO of Boys & Girls Clubs of America. “Given the financial and volunteer support of the ‘Gift for Opportunity’ fund, we can help Boys & Girls Club members secure nutritious snacks and meals that are critical to ensuring a great future.”

The Bank of America “Gift for Opportunity” fund is administered through the Bank of America Charitable Gift Fund, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Bank of America customers and associates made their donations at the bank’s 5,800 banking centers nationwide or by going online.

For more information about the Bank of America “Gift for Opportunity” fund, visit www.bankofamerica.com/opportunity.>

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