Funds will Support United Way’s Workforce Development, Financial Literacy and School-Based Programs
IRVINE, CA – Orange County United Way announced today that it has been awarded a $95,000 grant from Bank of America.
This funding will support vital workforce development and other initiatives that advance local families’ income, enhance their ability to attain a college degree and instill sound financial habits.
“We greatly appreciate Bank of America’s continued support of our initiatives to help local families gain a solid financial footing,” said Susan B. Parks, President and CEO of Orange County United Way. “With their help, we’ll have the ability to reach out to and equip more local jobseekers with meaningful employment by providing access to critical job training and education programs.”
The grant from Bank of America is part of the company’s commitment to help make financial lives better by working to remove barriers to economic mobility, such as lack of job skills or basic needs.
“We’re proud to continue our partnership with United Way to support residents in underserved communities through impactful workforce training programs,” said Allen Staff, Orange County market president, Bank of America. “Together, Bank of America and United Way can make a difference in helping local families get on the path to financial independence and economic sustainability.”
United Way’s workforce training and other income-related initiatives are focused on helping families on the path to financial self-sufficiency by focusing on the tools necessary to establish a solid financial footing and break the cycle of generational poverty. This grant will also support the United Way Women’s Philanthropy Fund’s school-based programs in Anaheim that include health education, early grade reading and food distribution, in addition to job training and financial literacy programs.
According to recent studies, 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 struggle to meet the needs of their families.
Parks concluded: “At a time when continued economic and business growth is threatened by a lack of skilled workers, it’s imperative that we train more local residents and connect them with employers in the Orange County business community. It’s a win-win for everyone.”
Those interested in learning more about United Way’s initiatives and partnerships related to workforce development and financial literacy are encouraged to visit the Orange County United Way website.
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ABOUT ORANGE COUNTY UNITED WAY:
Established in 1924, Orange County United Way fights for the education, health, housing and financial stability of every person in Orange County. Through our 10-year community-wide action plan, “FACE 2024” (an acronym for Fund, Advocate, Collaborate, Educate), by 2024 United Way will cut the high school dropout rate in half, increase healthy youth by one-third, cut the percentage of homeless or unstably housed children and families in half and reduced financial instability by 25%. By mobilizing local businesses, community organizations, governmental agencies and individuals, we 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.