Bank of America has announced a $13 million commitment to more than 100 Chicago-area nonprofit organizations working to drive economic opportunity for individuals and families in underserved Chicagoland communities. 

This year, Bank of America partnered with nonprofits that are addressing key factors contributing to economic inequality across the Chicagoland area, with targeted support to organizations supporting health, jobs, small businesses, and community development. Key nonprofit partners include the Obama Foundation, Harold Washington College, Chicago Community Loan Fund, and Chicago Community Trust. This year’s grant recipients include the 2022 Bank of America Neighborhood Builders awardees for the Chicago market: Allies for Community Business and Skills for Chicagoland’s Future. As Neighborhood Builders, each organization will receive $200,000 in flexible funding and a year of comprehensive leadership training for their executive director and an emerging leader. 

“It is both inspiring and humbling to see the impact these organizations have had in our communities this year,” said Bank of America Chicago president Rita Sola Cook. “We are profoundly grateful for our nonprofit partners who help bring to life Bank of America’s vision for a stronger, more equitable Chicago. On behalf of our Chicago-area team, we are honored to help support their efforts to enhance economic mobility and improve the lives of our neighbors.” 

(Photo credit: Getty Images/Roman Slavik)