Bank of America commits $3.8 million to LISC

Our longtime partner, Bank of America, recently announced its renewed support for our work connecting low-income residents to economic opportunities. A $3.8 million grant from the Bank of America Charitable Foundation will fund programs focused on reviving local economies. 

“The health of our communities rests squarely on the well-being of the people who live there,” noted Bob Van Meter, LISC Boston Executive Director. “This grant provides vital operating capital to support efforts to provide families with tools to build a more stable financial future.”

Bank of America staff launch the new Community Banking Center in Boston's Dudley Square

In Boston, this critical infusion of funds may support an entrepreneurship program that keeps fledgling business owners from being displaced in areas ripe for gentrification, or programs that help residents build employment skills required to compete for middle-class jobs.

“We’re honored to partner with LISC to support the economic needs of local communities across the state,” said Miceal Chamberlain, Bank of America's Massachusetts President. “Providing people with the tools and resources they need to obtain meaningful employment is an important part of the journey toward economic mobility.”  

As a long-time supporter of LISC, Bank of America has provided $1.4 billion in grants, loans and equity that LISC has deployed in hundreds of urban and rural areas across the country where people struggle to make ends meet.