Bank of America Awards Funding and Leadership Training to Bedford’s 6 Stones
$400,000 in Funding and Leadership Resources are Part of Bank’s Neighborhood Builders Program, Which Strengthen Nonprofit Leadership to Help Communities Thrive
GRAPEVINE, Texas – Bank of America has named Bedford-based 6 Stones and Jubilee Park and Community Center its 2019 Neighborhood Builders® awardees for Dallas-Fort Worth. The company selected the nonprofits for their work in North Texas to address issues fundamental to economic mobility, community revitalization, and affordable housing. The awards are part of the $4 million Bank of America has contributed to local nonprofits so far in 2019.
As an awardee, each organization receives a $200,000 grant, a year of leadership training for the executive director and an emerging leader at the organization, a network of peer organizations across the U.S., and the opportunity to access capital to expand their impact.
Over the past 15 years, Bank of America has invested $240 million in 49 communities through Neighborhood Builders, partnering with more than 1,000 nonprofits and helping more than 2,000 nonprofit leaders strengthen their leadership skills.
BofA announced the awards at the 2019 North Texas Bank of America Foundation Celebration at the Gaylord Texan on Nov. 7.
“Through a program like Neighborhood Builders, nonprofits have the power to grow strategically and advance sustainable growth in the area. Bank of America has invested over $1 million in South Dallas through partnerships with organizations like Jubilee Park,” said Jennifer Chandler, Dallas market president, Bank of America.
Jubilee Park and Community Center is a catalyst for community renewal and enrichment in the Jubilee Park Neighborhood, a 62-block area in southeast Dallas. The majority of families are working poor who are underserved in terms of education and health resources.
“As the only holistic revitalization agency in North Texas operating active programs under the five key impact areas of safety, health, housing, education and opportunity, Jubilee is a model for organizations across the country,” said Ben Leal, president and CEO, Jubilee Park and Community Center. “This partnership with Bank of America will ensure that Jubilee can continue its successful trajectory in helping a neighborhood build their own future of stability and promise.”
“We see every day the impact that organizations like Jubilee Park and 6 Stones are making in DFW and we are excited to contribute to their successes,” said Mike Pavell, Fort Worth Market President, Bank of America.
6 Stones, based in Bedford, will launch a mentoring program to help people it serves achieve economic mobility. 6 Stones spurs hope that transforms lives, homes and communities by building a coalition of churches, businesses, and others that provide solutions to meet residents’ needs in the area.
“Many of the people who come to us for help with food, clothing, school supplies and other basic needs have been entrapped in generational poverty,” said Jennifer Leney, executive director, 6 Stones. “Our current programs help to cover their immediate needs so that they can stabilize. Now, with support from Bank of America, we will be able to lead our neighbors into the next chapter of their lives: security that leads to growth. We believe that leveraging our amazing volunteer base to address community-wide issues through personal mentoring will not only empower the families we serve but also build a thriving community: one household at a time.”
Since 2004, through its Neighborhood Builders program, Bank of America has partnered with nearly 50 nonprofits in Dallas-Fort Worth, investing $9 million to provide financial education and economic mobility opportunities in North Texas. The invitation-only program is highly competitive, and leading members of the community participated in a collaborative selection process to identify this year’s awardees. Examples of the leadership training topics include human capital management, increasing financial sustainability, and storytelling. Neighborhood Builders is just one example of how Bank of America deploys capital in communities, builds cross-sector partnerships, and promotes socioeconomic progress as part of its approach to responsible growth.
Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
Reporters May Contact:
Britney Sheehan, Bank of America, 425.533.4531