Bank of America Foundation Awards $10 Million to United Way for Success By 6 Initiatives

The Bank of America Foundation in Charlotte, North Carolina, has announced $10 million in grants to the United Way in support of Success By 6 initiatives across the country. The grants represent the fourth phase of a $50 million commitment to the United Way by the BoA Foundation to help ensure that all children succeed.

In the U.S., more than 12 million children — or one out of every six — live in poverty. Recent research shows that a child's brain reaches more than 80 percent of its adult size by age 3, and that early environmental influences can have a lasting impact on its development, affecting the way that connections between brain cells are made. Success By 6 works to ensure that all children develop the emotional, social, cognitive, and physical capacities and skills they need to enter school ready to succeed and also achieve success in all areas of their lives. This year, a total of 112 United Way agencies across the country were awarded grants to help underwrite the costs of education for childcare workers, provide immunizations and access to health insurance for children, and create family resource centers and parent education programs.

"Investing in our children is one of the most effective ways to strengthen our communities and impact the future of our country," said Kenneth D. Lewis, chairman and CEO of Bank of America. "Our investment in early childhood development through the United Way's Success By 6 initiatives has enabled us to help thousands of children in hundreds of communities across our franchise. We are very encouraged by the initial results of the Success By 6 initiative and look forward to helping more preschool children and their families achieve success."