“Through this program, we recognize the impact of inspiring leaders in our country who are creating real change,” said D. Steve Boland, Chief Executive Officer of Bank of America. “Supporting nonprofits and their leaders has been central to our approach to investing in the local communities we serve. We are proud to honor these brilliant leaders and give nonprofits the resources they need. to continue their work for communities of color.”

The Racial Equality Award is an extension of Bank of America’s flagship philanthropic program, Neighborhood builders®, which emphasizes economic mobility and nonprofit leadership. Winners have the opportunity to lead $200,000 in flexible funding to a nonprofit organization of their choice and selected organizations will also be invited to participate in the year-long Neighborhood Builders leadership program, which offers strategic growth and development training, preparing organizations to long-term success.

The group of 2022 winners includes:

• Edgar Villanuevafounder and director of the Decolonizing Wealth project – new York: As the founder of the Decolonization of Wealth and Liberated Capital Project, Villanueva is a globally recognized author and expert on the intersection of race, power, and wealth. It offers hopeful and compelling alternatives to the dynamics of colonization in the philanthropy and social finance sectors. With this recognition, Villanueva plans to direct Bank of America funding to Capital liberated.
• John RiceFounder and CEO of Management Leadership for Tomorrow (MLT) – Bethesda, MD: Rice and her organization pioneered a college-to-career model, helping students of color overcome barriers to success. By preparing low- and moderate-income undergraduates to land and succeed in competitive first jobs, Rice ensures they achieve sustainable economic mobility. It plans to direct funds to The managerial leadership of tomorrow (MLT).
• Luz Corcueraexecutive director of UnidosNow – sarasota/Manatee, Florida: As leader of UnidosNow, Corcuera is committed to empowering Hispano-Latinos to realize the American Dream through education, inclusion, and civic engagement. She has a proven track record of community building and engagement, developing and overseeing various community initiatives aimed at empowering underserved communities through prevention and education. Corcuera will direct the funding to UnidosNow.
• Manjusha (Manju) P. KulkarniAAPI Equity Alliance Executive Director, Educator/Community Advocate – Los Angeles, CA: Kulkarni co-founded the Stop AAPI Hate Campaign, which has become one of the leading voices in the effort to identify and address hate crimes against Asian Americans and Pacific Islanders. Recently, Kulkarni and the other co-founders of Stop AAPI Hate were named to Time Magazine’s “Most Influential People of 2021” list. South Asian Network will be the recipient of the Kulkarni scholarship.
• Nathanael SmithFounder and Chief Equity Officer of Partnership for Southern Equity (PSE) – Atlanta, Georgia: Smith and his organization are working towards balanced growth and shared prosperity in Georgia and the American South. Working with its ecosystem of diverse partners, PSE helps local communities of color more effectively advocate on relevant state, local, and federal economic issues, including energy policy through its “Just Energy” program. Smith plans to allocate funds to Southern Equity Partnership.

This newly created award is an example of how Bank of America continues to build on its philanthropic programs with opportunities to drive economic and social progress, including through its $1.25 billionfive-year commitment to advance racial equality and economic opportunity, of which he has directly funded or invested more than $450 million. Since 2004, through its Neighborhood builders® and Neighborhood Champions programs, Bank of America invested more than $285 million in 92 communities across the United States, partnered with more than 1,400 nonprofits, and helped more than 2,800 nonprofit leaders build leadership skills. Nearly 17 years after its launch, Neighborhood Builders is one of the nation’s largest philanthropic investments in nonprofit leadership development.

Bank of America Environment, Social and Governance

At Bank of America, we’re guided by a common goal to help make life better financially, through the power of every connection. We achieve this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded in our eight business lines and reflects how we help fuel the global economy, build trust and credibility, and represent a company people want to work for, invest in and do business with. Business. It shows in the inclusive and supportive workplace we create for our employees, the responsible products and services we provide to our customers, and the impact we have in the world to help local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise for greater impact. important. Learn more about about.bankofamerica.comand join us on Twitter (@BofA_News).

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SOURCE Bank of America Corporation