Bank of America has announced a three-year, $40 million commitment to connect a hundred thousand teens and young adults to the skills and employment experiences they need for twenty-first century jobs.
The funding will support a range of programs and initiatives, including summer internships, education and job training, and talent recruitment initiatives at BofA itself. Through its Student Leaders program, for example, the bank will connect nearly seven hundred community-minded high school juniors and seniors from across the country with paid summer internships at local nonprofits. Participants in the program also will gather in Washington, D.C., for a summit focused on leadership and building a more diverse and inclusive society. Funding over the three years of the initiative will be targeted to low-income communities that are disproportionately affected by barriers to workforce participation and nonprofits that are leveraging their expertise to connect youth with employment opportunities, including the Urban Alliance, Jobs for the Future, and Boys & Girls Clubs of America.
“Investing in young adults to help provide them the opportunities they need to build their career skills makes a meaningful impact in their lives and the lives of our communities," said Bank of America chairman and CEO Brian Moynihan.