RICHMOND, Va. (WWBT) - Bank of America employees are pitching in with Feed More to serve and prepare food for insecure communities in central Virginia as well as donating $100, 000 as part of a COVID-19 booster initiative.
This donation is a part of an initiative started earlier this year when the bank announced it would make a $100 donation to local hunger relief organizations and food banks for anyone who got a COVID-19 booster shot or vaccine and told the company before the end of January. The bank raised $100, 000 in total.
“As the pandemic continues to impact the Richmond Region, food banks and hunger relief organizations are experiencing increased demand and higher costs to meet the needs of individuals and families, ” said Victor Branch, President, Bank of America Richmond. “Our commitment to help strengthen the communities we live in and serve is unwavering, which is why we are investing in the health, safety and wellbeing of our teammates while also providing funds to help local organizations support our neighbors and fight food insecurity.”
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Bank of American employees are pitching in with Feed More to serve and prepare food for insecure communities in central Virginia as well as donating $100, 000 as part of a COVID-19 booster initiative.(Feed More)
The money will help over give 400, 000 meals to families, children and the elderly facing hunger across the 34 cities Feed More serves.
“For years, Feed More has fought against the invisibility of hunger in our community. The last two years of the pandemic have not only revealed this challenge to many of us, but it has also truly exasperated the need.” Feed More President and CEO Doug Pick said. “Bank of America has always understood its corporate responsibility of giving back to its communities, and we greatly respect them for understanding the immense need for vaccinations to reduce the pandemic’s spread and its impact on hunger. This incredibly generous donation will go directly to the significantly increased demand as a result of the pandemic.”
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Along with the financial support, Bank of America employees will volunteer with Feed More’s Community Kitchen on Tuesday, Feb. 8. They will help portion prepared meals into trays for homebound Meals on Wheels clients.As part of our commitment to building a culture of giving and volunteering at the company, the Bank of America Charitable Foundation Matching Gifts program encourages employees to contribute to causes they care most by doubling the impact of their charitable donations to eligible nonprofits with matching gifts up to $5, 000 USD per employee, per calendar year. Annually, the Bank of America Charitable Foundation provides more than $25 million in matching gifts on behalf of employee donations. In 2018, we were honored to be recognized by Fortune as a Best Workplace for Giving Back, a recognition based on feedback from employees.
US Employees: Apply for a Matching Gift for donations paid directly to organization, or set up a new payroll or credit card donation and request a matching gift
Beyond these requirements, as a corporate foundation, our program is subject to additional restrictions which limit our support of gifts to the following:
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We do not provide funding to any organization that discriminates based on race, religion, color, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, veteran, or disability status, or espouses hate.
Bank of America regularly evaluates our programs to ensure the process adheres to stated guidelines and our commitment to corporate social responsibility, including random reviews of organizations receiving matching funds from our programs. Organizations selected for review will be required to provide documentation verifying receipt of individual donations for each participant.
Bank of America may suspend, change or terminate this program at any time. The interpretation, application and administration of the program shall be determined by the Board of Directors of the Bank of America Charitable Foundation Board, whose decision is final.
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Make sure that you are familiar with these matching gift program rules. Failure to abide by these rules or providing any false or misleading information in connection with a matching gift request could result in disciplinary action up to and including termination, as well as possible civil or criminal liability. Bank of America reserves the right, in its sole discretion, to discontinue funding and to demand the return of the matching gift grant amount, or any portion thereof, and any income earned thereon, if you provide Bank of America with any false or misleading information or make any misrepresentations in connection with this request for a matching gift.
Bank of America employee benefits - wellness benefits We know that supporting the physical, financial and emotional wellbeing of our employees in their personal life also supports them in their work life — so they can be the best at work and at home.
Why Bank of America is a great place to work We strive to be a great place to work for our employees, providing the support they need to be their best at work and at home.Bank of America employees and retirees volunteer thousands of hours globally in our neighborhoods each year. In fact, more than 25, 000 charitable organizations benefit from our employees and retirees’ dedication each year. To honor those who give their time and service to causes important to them, the Bank of America Charitable Foundation awards volunteer grants, which are up to $1, 000 per employee or retiree for each calendar year and are made in the name of the employee or retiree, to eligible charitable organizations.
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AUDIO_James Martin: Volunteering to me is an expression of love. And, you know, I’ll give you an acronym for that, which is living our values every day. It’s something that we do purposely and purposeful to reach and impact lives of others.
AUDIO_ Lisa Cerbone-Montalto: I have been volunteering for years with the bank because it's really a vital way to make a difference in our communities. We all have different backgrounds. We all have different passions. We all have different levels of expertise, and we're all joined by this passion that we care.
AUDIO_Jackie Baroody: We actually are able to take time off to volunteer for organizations that is either within our passion or volunteering in our communities, in our backyards of our homes, our financial centers.
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AUDIO_Todd Goodyear: I live only a couple of miles away from here. So, this is my neighborhood. This is my backyard. And you come back and see which was an empty lot, now, has a house, and now, has a family in it.
AUDIO_Danielle Lariviere: Volunteering gives us a chance to kind of give back some of our expertise, for example, our Better Money Habits Champion role, which allows us to provide financial education.
AUDIO_ James Martin: And once you have a certain amount of volunteer hours, you can give a grant from Bank of America to those organizations that you're passionate .
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AUDIO_ Lisa Cerbone-Montalto: You can also participate through a virtual platform and we can find those virtual opportunities and there are many of them on the internal website for Bank of America. And, it gives us that ability to reach people where they, and when they need us most.
AUDIO_Eric James: The bank also offers a matching gift program to bank employees. I can provide a gift to a charitable organization and have the bank match that gift, so it doubles my impact.
AUDIO_ Sean Lenahan: I think it really encourages an environment of employees to do good and it is infectious. We volunteered over 2 million hours over the course of a year. $60 million in financial donations to 20, 000 nonprofits. We're meeting the needs across the world. We really think the different communities we serve and the multicultural, multi-generational and cross-geographical needs of those different communities. That's really reflective of who we are as an organization and who we are as good corporate stewards.
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AUDIO_Renato Wilson: It makes me very proud to be able to wear this shirt and say that I'm a volunteer. I'm Latino, right? And sometimes we do need advocates who look like us or who come from the same places and have similar life experiences. And it goes for every race, every single community. We're all in this together.
AUDIO_Tanya Burton: It's important for me to volunteer because it reminds me that I have a purpose in life. It reminds me that even on the darkest of days, there's a light and I'm that light.
A grant is made to any eligible nonprofit organization of the volunteer’s choice once an employee or retiree has volunteered a minimum of 50 hours within a calendar year.
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Some activities may not count toward volunteer grant eligibility due to classification as not external community-focused. If the organization receiving volunteer time falls within one of these bulleted items, the volunteer grant needs to be directed to another eligible organization.
Bank of America regularly evaluates our programs to ensure the process adheres to stated guidelines and our commitment to corporate social responsibility, including random reviews of organizations receiving funds from our programs. Organizations selected for review will be required to provide documentation verifying receipt of individual donations for each participant.
Bank of America may suspend, change or terminate this program at any
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