Bank of America Commits $25M to Colleges to Improve Job Skills for Blacks and Latinos

Here are notable new grant awards compiled by the Chronicle:

Enterprise Holdings Foundation

$120 million commitment to organizations around the world that advance social and racial justice in their communities. Of the total, $55 million over five years will support nonprofit groups that focus on early-childhood development, youth health and wellness, and career and college preparation. Another $65 million will enhance its Enterprise Fill Your Tank program, which aims to relieve food insecurity in communities, particularly those that are predominantly people of color.

McDonald’s

$100 million pledge to Ronald McDonald House Charities as part of its #HereForRMHC campaign on social media to support resources and support services for families of critically ill children.

University of Pennsylvania

$100 million over 10 years to the School District of Philadelphia to remove environmental hazards, including asbestos and lead, from the city’s public schools.

The announcement comes following criticism from students and faculty members of the institution’s decision to decline making payments in lieu of taxes to the city of Philadelphia, as other tax-exempt organizations with large endowments have done.

Kresge Foundation

$30 million to bolster racial-justice efforts in cities across the United States, with particular emphasis on giving general operating support to community-led organizations in Detroit, New Orleans, Memphis, and Fresno, Calif.

Read more of the Chronicle’s coverage of the foundation’s recent grant making in response to the social unrest that resulted from George Floyd’s killing by Minneapolis police in May.

Bank of America

$25 million commitment to enhance job-skills training for Black and Latino people. As part of this pledge, the bank is granting $1 million each to 21 higher-education institutions that include community colleges, historically Black colleges and universities, and Hispanic-serving institutions.

Local Initiatives Support Corporation

$20 million to Project 10X, its 10-year campaign to broaden support for companies, community organizations, and projects that will help people of color build wealth through homeownership, bolster savings, find high-paying jobs, and strengthen the communities where they live.

Of the commitment, $10 million comes from Mackenzie Scott’s gift to LISC in July. The campaign aims to raise a total of $1 billion.

Citi Foundation

$15 million to support 30 community-development financial institutions that offer low-cost loans to small businesses owned by people of color and help the people that the Covid-19 crisis has affected the most. The money is allocated from the bank’s initial net proceeds from participating in the U.S. Small Business Administration’s Paycheck Protection Program.

Amazon

$9 million to community organizations near the site of its future East Coast headquarters in Northern Virginia. Among the grants was $750,000 to the Legal Aid Society of the District of Columbia to provide free legal assistance to families and individuals who are facing eviction and other urgent situations during the Covid-19 crisis.

Bill & Melinda Gates Foundation

$8.4 million to Teaching Matters to ensure proficiency in literacy among New York City students before they finish eighth grade.

Rosalee and Harold Rae Brown Charitable Foundation

$8 million to the John Wayne Cancer Institute at Providence Saint John’s Health Center to expand its immunotherapy and precision medicine, cancer research, and care for patients with cancer at this hospital in Santa Monica, Calif.

Trinity Church Wall Street and Other Foundations

$7.2 million to Enterprise Community Partners, the Mayor’s Fund to Advance New York City, the Real Estate Board of New York, and the New York State Association for Affordable Housing to support Project Parachute, which will provide rent relief and eviction-prevention services to vulnerable people living in New York during the Covid-19 crisis. Trinity Church Wall Street gave $2 million. Additional grants from Robin Hood, the Diane and Dorothy Brooks Foundation, Ford Foundation, the JPB Foundation, M&T Bank, the William J. and Dorothy K. O’Neill Foundation, and Wells Fargo added $5.2 million to the effort.

Chemours

$5 million commitment to the HBCU Week Foundation for the Future of STEM Scholars Initiative, which will back equity, diversity, and inclusion efforts to help more underrepresented groups succeed in careers in the chemical industry.

New America, the Ford Foundation, and the William and Flora Hewlett Foundation

$4 million to 25 universities in the Public Interest Technology University Network to support research and recruit a new and more diverse generation of students interested in careers in public-interest technology.

(The Hewlett Foundation is a financial supporter of the Chronicle.)

Studio @ Blue Meridian and Michael & Susan Dell Foundation

$3.2 million to Economic Mobility Pathways to expand its financial coaching services and learning network to help individuals move out of poverty. The Studio @ Blue Meridian has committed $2 million, and the Michael & Susan Dell Foundation promised $1.24 million. The Bill & Melinda Gates Foundation additionally committed $500,000 to the effort.

Wells Fargo Foundation

$3 million to Volunteers of America National Services to develop permanent, supportive, and low-cost housing for previously homeless veterans. The charity will also provide construction job training for veterans as they build the homes.

Philip E. & Carole R. Ratcliffe Foundation

$2.5 million to Florida International University to develop a pipeline of racially diverse entrepreneurs in the creative sector through the Ratcliffe Art + Design Incubator.

Center for Disaster Philanthropy

$2 million in its eighth round of grant making through its Covid-19 Response Fund to continue its support of organizations that are helping communities worldwide respond to and recover from the crisis.

Atmos Energy

$1 million to the United Way of Metropolitan Dallas to purchase 78,000 subscriptions to Vooks, an online animated storybook program for children ages 3 to 6 and early-education teachers.

Send grant announcements to grants.editor@philanthropy.com.

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