Monterey, Calif. – As part of its longstanding commitment to supporting economic opportunity and local communities, Bank of America has directed over $500,000 to local nonprofits across the Monterey Bay in 2023. The philanthropic grants, sponsorships, and employee giving matching went to programs and organizations supporting workforce development, small business, and basic needs in communities. 

For instance, in 2023, Bank of America invested philanthropic capital to help build career pathways with Hartnell College’s paid Ag Tech and Career Technical Education programs, and with Rancho Cielo for youth job skills programs. In addition, two local high school students from King City and Carmel were selected for the prestigious Bank of America Student Leaders program providing paid summer internships with the Monterey County Boys & Girls Club. 

Bank of America also recently named Housing Matters - the largest provider of services to those experiencing homelessness in Santa Cruz County - as its Neighborhood Champion, providing the organization with a $50,000, multi-year grant along with leadership training to help the organization scale its homeless services efforts. 

“Nonprofits understand the needs and obstacles the Monterey Bay faces, uniquely positioning them to develop the solutions and services needed to promote economic opportunity,” said Jennifer Dacquisto, president, Bank of America Monterey Bay. “Bank of America will continue to deploy capital and resources to tackle the barriers embedded within our community and create real impact in the lives of the Monterey Bay individuals and families we serve.” 

Going beyond the dollars, the bank’s local employees provided more than 4,000 volunteer hours last year to local causes, ranging from assisting with food distribution to providing free financial education workshops in English and Spanish as part of the bank’s Better Money Habits program. 

For more information on Bank of America’s grants and sponsorships and how to apply, go to BankofAmerica.com/Foundation. 

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). 

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