Award Supports United Way’s Financial Literacy and Workforce Development Initiatives, Part of FACE 2024 Communitywide Action Plan
IRVINE, CA – Orange County United Way recently announced that it was awarded a $100,000 grant from Bank of America, which will be used to provide vital support for United Way’s Workforce Development and Financial Literacy initiatives. Both are key elements in the organization’s 10-year FACE 2024 communitywide action plan to address generational poverty over the next decade.
Financial education is critical to breaking the cycle of poverty. According to the 2014 Community Indicators Report, one in three Orange County neighborhoods show high concentrations of families facing significant financial instability. One in four residents live below the poverty line and struggles to meet the needs of their families.
“By addressing generational poverty, we are focused on long-term solutions to lift families up so they can gain solid financial footing,” said Max Gardner, President and CEO of Orange County United Way. “This generous investment from Bank of America will significantly enhance our ability to reach out to and educate more Orange County families, equipping them with the tools needed to get and keep better paying jobs while building sound plans for their families and themselves.”
The grant award was presented to Orange County United Way by Shirley Quackenbush, Senior Vice President, Bank of America.
“Career counseling and training can make a major impact toward helping our local communities achieve economic stability,” said Quackenbush. “We’re excited to partner with United Way to provide underserved communities in Orange County with access to workforce development and financial education opportunities that will contribute to the longevity of their financial futures.”
Those interested in learning more about United Way, its FACE 2024 communitywide action plan and specific initiatives and partnerships related to financial literacy are encouraged to visit the Orange County United Way website.
NEWS CONTACTS:
Katherine Ransom, Vice President, Marketing and Communications
Orange County United Way 949.263.6176, katheriner@unitedwayoc.org
Michael Suydam
21Strat 949.981.5008, mike@21strat.com
ABOUT ORANGE COUNTY UNITED WAY:
Since 1924, Orange County United Way has been working to improve lives and strengthen our community by mobilizing the caring power of Orange County. To do this, we focus on the building blocks for a good quality of life: Education, Income, Health and Housing. By investing in Orange County’s children, families and individuals, we help them meet their most basic human needs, including food, shelter and medical care, while at the same time creating pathways to self-sufficient futures through education and training. In short, we help people help themselves. Through our 10-year initiative “FACE 2024” (an acronym for Fund, Advocate, Collaborate, Educate), United Way is mobilizing local businesses, community organizations, governmental agencies and individuals to make a long-term measurable difference in the lives of Orange County youth and families. Orange County United Way holds a 4-star rating from America’s largest and most-utilized independent charity evaluator, Charity Navigator. To learn more or to join our movement, visit www.unitedwayoc.org.
ABOUT BANK OF AMERICA:
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,700 retail financial centers, approximately 16,100 ATMs, and award-winning online banking with 32 million active users and more than 18 million mobile users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
