Bank of America awards local grants
Bank of America announced today grants totaling $1.1 million toward Charlotte nonprofits working to improve economic mobility in our community. Crisis Assistance Ministry will receive support to prevent homelessness and preserve dignity for Mecklenburg County's working poor.
BofA donates nearly $1.1M to Charlotte nonprofits as part of Giving Tuesday
BY ADAM BELL, email@example.com
As part of “Giving Tuesday,” Bank of America announced it is donating nearly $1.1 million to 17 nonprofits in the Charlotte area.
The agencies are focused on community development and dealing with issues fundamental to economic mobility, such as providing emergency rent funds, affordable housing services and family emergency shelters, the bank said.
The donations are in the form of grants, and the bank made its announcement Tuesday morning.
▪ Research organizations before deciding to give money to them.
▪ Beware of sound-alike charities that use names similar to well-known ones. Legitimate charities are transparent and willing to provide
▪ If you get a call from an unfamiliar organization asking for a contribution by credit card, just hang up.
▪ Be wary of broad statements that claim “all proceeds go to charity.” Look for disclosures that states exactly how much will go to the charity’s programs.