Bank of America has announced a $100 million commitment in support of communities facing unprecedented challenges related to the coronavirus pandemic.
The majority of the funds will be used to increase medical response capacity, address food insecurity, and boost access to learning during school closures in local BofA markets, with a focus on the most vulnerable populations. The bank also plans to increase its funding to national and global organizations working on the frontlines of the pandemic in local communities.
"We must all work together as one global community — public and private sectors, as well as individuals — to address this healthcare and humanitarian crisis," said Bank of America chair and CEO Brian Moynihan. "As the needs in our local communities continue to rapidly escalate, we must take swift action to provide resources where there are gaps, and help local communities protect their most vulnerable populations."
(Photo credit: U.S. Centers for Disease Control and Prevention via Unsplash)