Bank of America Charitable Foundation
$250,000 won
Eligibility Positioning
Verified Win

Bank of America Charitable Foundation: the economic mobility and workforce readiness framing

Bank of America Charitable Foundation funds economic mobility through workforce development, affordable housing, and small business. Frame your proposal as moving people up the economic ladder — not as providing services.

Robert Taylor

Executive Director

Charlotte Economic Mobility Initiative

38 upvotes

The Strategy

Bank of America Charitable Foundation funds economic mobility in three areas: (1) workforce development and education, (2) affordable housing and neighborhood revitalization, and (3) small business and entrepreneurship. They are a corporate funder with a specific theory of change: move people up the economic ladder. The economic mobility framing: BofA funds work that moves people from poverty to the middle class. We will provide financial literacy training is less competitive than we will move 200 people from minimum wage jobs to family-sustaining careers through a workforce development program with employer partners committed to hiring. The workforce development: BofA funds workforce programs with employer partnerships and clear career pathways. Show the employers, the jobs, the wages, and the career progression. They favor programs that lead to industry-recognized credentials. The affordable housing: BofA funds affordable housing — both development…

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bank-of-america
economic-mobility
workforce
affordable-housing
small-business
corporate

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