Award Supports United Way’s Financial Literacy and Workforce Development Initiatives, part of FACE 2024 Community-wide Action Plan
IRVINE, CA – Orange County United Way recently announced that it was awarded a $100,000 grant from the Bank of America Charitable Foundation, presented by Shirley Quackenbush, Senior Vice President – Wealth Management at Bank of America Merrill Lynch.
The funds will 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 community-wide 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 lives 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.”
“Having the right career counsel and training can make all the difference in helping our local communities achieve future success,” noted Quackenbush. “We’re proud to partner with United Way to provide residents in underserved communities with access to impactful workforce development programs that can ultimately advance their financial longevity.”
Those interested in learning more about United Way, its FACE 2024 community-wide action plan and specific initiatives and partnerships related to financial literacy are encouraged to visit the Orange County United Way website.
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Katherine Ransom, Vice President, Marketing and Communications
Orange County United Way 949.263.6176, firstname.lastname@example.org
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 and focusing on the building blocks for a good quality of life: Education, Income, Health and Housing. By investing in Orange County children, families and individuals, we help them create pathways to self-sufficient lives. In short, we help people help themselves. Through our 10-year community-wide action plan, “FACE 2024” (an acronym forFund, Advocate, Collaborate, Educate), we collaborate with local businesses, community organizations, governmental agencies and individuals to make a long-term measurable difference in the lives of local individuals and families. 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 largest 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 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 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 more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.