MEMPHIS, Tenn. – As part of its longstanding commitment to supporting economic opportunity and local communities, Bank of America has invested nearly $1.1 million across Memphis this year. Through philanthropic grants, sponsorships and other support, the bank is helping Memphis thrive, with a particular focus on addressing education, workforce development and affordable housing.

The twenty organizations that received grants in 2023 include:

  • Agape Child and Family Services
  • CodeCrew
  • Metropolitan Inter-Faith Association (MIFA)
  • Dress for Success
  • Shelby Farms Park Conservancy
  • Wolf River Conservancy
  • Habitat for Humanity of Greater Memphis
  • Memphis Botanic Garden
  • Su Casa Family Ministries
  • The Peer Power Foundation
  • LeMoyne Owen College
  • Collage Dance Collective
  • Seeding Success
  • Memphis Brooks Museum of Art
  • American Cancer Society
  • Greater Memphis Chamber Foundation
  • New Memphis
  • Memphis Urban League
  • City Year
  • REDF

For instance, Bank of America supported Collage Dance Collective to help them fund their dance education programs. Bank of America also supported Habitat for Humanity of Greater Memphis to help them provide affordable quality housing to residents in Memphis and Shelby County.

“Collage Dance is so grateful to Bank of America for their financial support,” said Marcellus Harper, executive director, Collage Dance. “The performing arts greatly impact our community and our creative economy. Bank of America’s grant will enable our organization to continue to inspire the growth and diversity of ballet by providing dance education and performances to the Mid-South community.”

“Habitat for Humanity of Greater Memphis is so grateful to Bank of America for their continued financial and volunteer support,” said Dwayne Spencer, president and CEO, Memphis Habitat. “Affordable homeownership remains out of reach for far too many of our neighbors. Bank of America’s grant will enable Memphis Habitat to make quality housing and affordable mortgages available to more people in our community.”

In addition, Bank of America also supported Dress for Success Memphis through the Neighborhood Champion initiative.

“Nonprofit organizations understand the needs and obstacles Memphis faces, uniquely positioning them to develop the solutions and services needed to promote economic opportunity,” said Trevia Chatman, president, Bank of America Memphis. “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 Memphis individuals and families we serve.”

This year’s efforts reflect the bank’s commitment to addressing critical issues and long-term gaps by partnering with local leaders and organizations to support diverse and women entrepreneurs, build job skills, support basic needs and create opportunities to help people succeed today and in the future.

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 3,900 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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Reporters May Contact:

Anu Ahluwalia

Jennifer Sharp, for Bank of America