BofA gives grants to two Inland nonprofits

Two Inland Empire nonprofits have been recognized by the Bank of America for their charitable work.

Habitat for Humanity Riverside and Coachella Valley have been named 2019 Bank of America Neighborhood Builders recipients for their work with affordable housing and creating college and career opportunities for low-income households, respectively, according to a statement.

Each organization will receive a $200,000 grant, leadership training for their executive director and an emerging leader and access to peer organizations and capital for expansion.

“While the region has seen tremendous economic progress, the affordability gap and education gap have resulted in more people struggling to get out of poverty, even when many of them have jobs, said Al Argulello, Bank of America’s Inland market president, in the statement.  “But through strategic philanthropic investments like Neighborhood Builders, high impact nonprofit organizations like Habitat for Humanity Riverside and OneFuture Coachella Valley have the power to lift more people out of poverty and onto a path of financial sustainability.”   

During the past 15 years, Bank of America has invested $240 million in 49 communities through Neighborhood Builders, according to the statement.