Bank of America provides CROS Ministries $30,000 to address food insecurity

Posted 2/27/23

Bank of America announced today it will donate $30,000 to CROS Ministries from its second employee booster campaign.

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Bank of America provides CROS Ministries $30,000 to address food insecurity

Posted

WEST PALM BEACH, Fla. – Bank of America announced today it will donate $30,000 to CROS Ministries from its second employee booster campaign. CROS Ministries will use the grant to meet growing operational costs incurred in 2022, increasing its ability to provide food to the many families and individuals struggling in the economy. In total, Bank of America will donate $18 million to hunger relief organizations in local communities across the U.S. and Puerto Rico. 

Earlier this year, the company announced it would make a $100 donation to local hunger relief organizations and food banks for each employee who received a coronavirus vaccine or booster shot, resulting in $10.6 million in charitable grants to food banks and hunger relief organizations throughout the country. Last fall, the bank launched a second campaign, donating $50 for each employee who reported a new a coronavirus vaccine or booster shot, as well as an annual flu shot. In addition, the second booster campaign included a $1.5 million donation to international hunger organizations based outside of the United States.

“This campaign accomplishes two goals: supporting the health and safety of our teammates and helping address a critical need in our communities,” said Fabiola Brumley, president, Bank of America Palm Beach County. “Because of the steps taken by our teammates, food banks and other organizations here in Palm Beach County and across the country are receiving donations to help them fight food insecurity.”

Bank of America has a longstanding commitment to address hunger relief and strengthen local communities, having donated nearly $150 million nationally toward hunger relief efforts since 2015. Employees who choose to individually contribute to these local organizations can have their donation doubled through the company’s Matching Gifts program.

“Last year, the increased cost of groceries, housing, gas, and just about everything else left many residents struggling as their monthly incomes covered less and less,” said Ruth Mageria, executive director, CROS Ministries. “We saw many former clients who had not been to our pantries in several years returning in need of our help again, along with many new households who never thought they would ever need food assistance. We are grateful for our partnership with Bank of America, and being chosen for this special funding is helping us meet this increased need and our rising operational costs,”

Bank of America has encouraged staff to get COVID-19 vaccinations since summer 2021 and has offered incentives such as paid time-off and $500 credits towards health benefit premiums. In partnership with local nonprofits, Bank of America has also distributed more than 40.5 million masks, nearly 43,000 cases of hand sanitizer and 12.2 million gloves in local communities as part of its ongoing efforts to address health-related disparities accelerated by the pandemic.

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 67 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATM and award-winning digital banking with approximately 56 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 3 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. 

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