CHARLOTTE, N.C., Jan. 13 /PRNewswire/ -- Bank of America today announced a $1 million commitment to aid the victims of the earthquake in Haiti. The commitment includes a $500,000 grant to the American Red Cross for the Haitian Relief and Development Fund.
“As the victims of this tragedy begin to rebuild their lives and their cities, they will need immediate assistance from individuals and organizations from around the world to address their immediate and long-term needs,” said Anne Finucane, Global Chief Strategy and Marketing Officer, Bank of America. “As America’s leading bank, we believe it is our responsibility to do our part to support the relief effort. Many of our associates, particularly in the South, have family and friends who were impacted by this disaster.”
As relief efforts evolve in the coming weeks, the remaining $500,000 contribution will be directed towards the long-term recovery efforts to restore basic medical services and fund the rebuilding of homes, schools and other structures critical to the affected communities.
In addition, Bank of America will match associate pledges through the bank’s Matching Gifts program and will not limit its overall relief donation.
Bank of America Corporate Philanthropy
Building on a long-standing tradition of investing in the communities it serves, last year Bank of America embarked on a new, ten-year goal to donate $2 billion to nonprofit organizations engaged in improving the health and vitality of their neighborhoods. Funded by Bank of America, the Bank of America Charitable Foundation gave more than $200 million in 2008, making the bank the most generous financial institution in the world and the second largest donor of all U.S. corporations in cash contributions. Bank of America approaches investing through a national strategy called "neighborhood excellence" under which it works with local leaders to identify and meet the most pressing needs of individual communities. Bank associate volunteers contributed more than 900,000 hours in 2008 to enhance the quality of life in their communities nationwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation.
SOURCE Bank of America