Nonprofit to receive training for leaders and $200,000 in flexible funding
The Bank of America Charitable Foundation has named Goodwill Industries of Middle Tennessee recipient of the 2013 Neighborhood Builders® award. The program is a strategic investment that couples leadership training with a $200,000 unrestricted grant for high-performing nonprofits that have made a significant impact addressing needs related to community development, critical needs or workforce development and education. Nonprofit leaders gain valuable skills and apply funding where it is most needed for maximum local impact.
“We recognize the important role Goodwill Industries of Middle Tennessee plays in serving our most vulnerable residents and ensuring better lives for so many in our community,” said John Stein, Tennessee president, Bank of America. “The leadership training and funding will not only deepen Goodwill’s impact today but sustain its mission and services over time.”
Goodwill Industries of Middle Tennessee sells donated goods to provide employment and training opportunities for people who have disabilities and others who have trouble finding and keeping a job. The nonprofit employs more than 2,200 people in 48 counties throughout Middle and West Tennessee.
“We are pleased and thrilled to be awarded the Bank of America Neighborhood Builders grant,” said Betty Johnson, vice president and chief people officer for Goodwill Industries of Middle Tennessee. “This funding will enable us to serve 350 older youth, ages 17-25 who are unemployed, by connecting them with opportunities to train for jobs, securing a recognized credential and ultimately starting a new job. We plan to partner with at least 10 nonprofits in the region and even more employers to ensure there are opportunities for this under-served population.”
According to the Bridgespan Group, Neighborhood Builders is the largest investment in nonprofit leadership development, 2.5 times the next largest program (in spending) and the third largest in number of leaders served. Through the program, now in its tenth year, Bank of America has invested $160 million in 800 nonprofit organizations and provided training to 1,600 nonprofit leaders. Neighborhood Builders furthers the company’s broader philanthropic commitment to addressing core issues that are critical to the economic vitality of local economies, with a particular focus on low- and moderate-income communities.
Bank of America Corporate Social Responsibility
Bank of America’s commitment to corporate social responsibility (CSR) is a strategic part of doing business globally. Our CSR efforts guide how we operate in a socially, economically, financially and environmentally responsible way around the world, to deliver for shareholders, customers, clients and employees. Our goal is to help create economically vibrant regions and communities through lending, investing and giving. By partnering with our stakeholders, we create value that empowers individuals and communities to thrive and contributes to the long-term success of our business. We have several core areas of focus for our CSR, including responsible business practices; environmental sustainability; strengthening local communities with a focus on housing, hunger and jobs; investing in global leadership development; and engaging through arts and culture. As part of these efforts, employee volunteers across the company contribute their time, passion and expertise to address issues in communities where they live and work. Learn more at www.bankofamerica.com/about.
About Goodwill Industries of Middle Tennessee, Inc.
For more than 55 years Goodwill Industries of Middle Tennessee has provided job training and job placement free of charge to people with disabilities or other barriers to employment through the sale of donated items. Since January 2013, Goodwill has served 15,171 people in Middle and West Tennessee and placed 4,380 clients in jobs.