Banking & Finance and Nonprofits

Bank donates nearly $100K to three nonprofits

December 25, 2015
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Family Promise BOA check
Bank of America presents the check to Family Promise of Grand Rapids. Courtesy BOA

Three West Michigan nonprofits received a little more than just a gift card from a national bank this holiday season.

The Bank of America Charitable Foundation gave away nearly $100,000 in grants to Family Promise of Grand Rapids, Kids’ Food Basket and the Grand Rapids Art Museum. The donations were the cherry on top of Bank of America’s “Day of Giving” initiative, where the bank gave away more than $1 million to 27 organizations in Grand Rapids and metro Detroit.

Day of Giving

The Day of Giving Initiative was borne out of the bank’s philanthropic investments to improve housing, eliminate hunger and create jobs in communities across the nation.

The nonprofits chosen play a role in providing essential human services like emergency shelter and access to food and benefits, and connect them with resources that will set them on a path to economic stability.

“If people can’t afford to put food on the table, secure a stable job or find a safe place to live, they can’t begin to think about their overall financial security and future,” said Renee Tabben, West and Central Michigan market executive for Merrill Lynch Wealth Management, in a press release. “Our philanthropic investments are one way that we’re working to connect individuals in our community to the resources they need to lead financially stable lives.”

In 2015, Bank of America donated more than $4.5 million in the state of Michigan through grants, sponsorships and employee investments.

The nonprofits

Family Promise of Grand Rapids was founded in 1997 with the purpose of engaging community and faith-based organizations in the mission of ending homelessness. In founding the Interfaith Housing Network, Family Promise has provided housing in the form of an emergency shelter for homeless families where local congregations provide meals, sleeping areas and a “home-away-from-home” environment.

Kids’ Food Basket feeds nearly 7,000 children in West Michigan each weekday through its Sack Supper program, which provides a well-balanced and nutritious meal critical to the development of children's brains and bodies. Founded in 2001, the organization is working to end childhood hunger through its various programs, including the Sack Supper initiative.

The Grand Rapids Art Museum was founded in 1910, and provides a platform for learning experiences, ideas and dialogue through its focus on art, design and creativity. It provides an open environment to cultural ideas through its exhibits, collections, learning initiatives and community collaborations.

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