Bank of America awards local grants

Published Tuesday, November 29, 2016

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.

From The Charlotte's Observer:

BofA donates nearly $1.1M to Charlotte nonprofits as part of Giving Tuesday

BY ADAM BELL, abell@charlotteobserver.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.

Giving Tuesday encourages people to donate to local charities during the holiday season after Thanksgiving. Many other Charlotte-area nonprofits also are seeking assistance.

For instance, a two-week campaign called #GivingTuesdayCLT is trying to raise $8 million for 174 Charlotte nonprofits.

Tips for wise giving

Meanwhile, the Better Business Bureau of Southern Piedmont offered some tips for charitable giving on its website, bbb.org/charlotte, including:

▪ 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.


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