Bank of America Charitable Foundation addresses high unemployment rate

Nonprofits are invited to apply for funding for local programs addressing unemployment.

The Bank of America Charitable Foundation is investing $15 million in workforce development and educational programs, part of a three–year goal promoting economic self-sufficiency.

The company also has funding for two programs that connect young people to employment, giving them valuable skills and experience.

Bank of America’s Summer Youth Employment Initiative, a partnership with city programs in coordination with the U.S. Conference of Mayors, will provide 800 at-risk teens with summer jobs at local non-profits and businesses in 18 communities across the country.

The Student Leaders program provides 225 high school juniors and seniors across the country with a paid eight–week internship at local non-profit organizations. Student leaders also attend a weeklong leadership summit in Washington, D.C.

“Ensuring Americans have the right skills to get back to work and, in turn, support the economic recovery is a critical focus for us right now,” said Kerry Sullivan, president of Bank of America Charitable Foundation, in a press release. “Our investments in education and workforce development will help thousands of people get access to the skills they need to obtain high-quality jobs that will fuel economic recovery both nationally and in the communities we serve.”

For more information on programs and services that may qualify, or to submit an application for grant funding, visit www.bankofamerica.com/foundation.

Grant applications will be accepted through Monday, July 2.