Financial institution of America introduced Ladies’s Useful resource Middle (WRC) as a Neighborhood Champion, a recognition that features each grant funding and management coaching.
The Neighborhood Champions program helps the function sturdy nonprofit leaders play in advancing financial mobility and is an extension of the financial institution’s philanthropic initiative, Neighborhood Builders, the most important company philanthropic funding in nonprofit management within the nation. Alongside Sarasota and Manatee counties, the financial institution will convey this system to over 40 extra communities throughout the U.S. this 12 months as a part of its dedication to investing within the long-term well being of communities.
As a part of this system, WRC will obtain $50,000 in grant assist and a possibility for engagement in digital management coaching delivered by specialists within the nonprofit sector.
WRC is a nonprofit that gives 1000’s of ladies from all socioeconomic backgrounds the talents and assets to succeed at each stage of their lives. For years, the group has partnered with Financial institution of America to deploy applications like Challenge UpLift, which empowers WRC’s shoppers with the talents to be financially and emotionally self-sufficient, in addition to month-to-month Higher Cash Habits courses by way of the Ask A Banker program.
The most recent funding supplied by the financial institution permits WRC to spend money on expertise for brand new and revolutionary initiatives, whereas virtualizing its present companies and programming to succeed in extra girls as effectively. Financial institution of America’s management growth assist can also be serving to the nonprofit practice a regional consumer companies director and several other web site managers which can be integral to its core companies.
“As we think about most of the challenges that our communities are going through – from the well being and humanitarian disaster introduced on by the coronavirus to the necessity for progress on racial equality and financial alternative – the Neighborhood Champions program is a related and well timed initiative to assist the communities we serve,” stated Mike McCoy, Sarasota-Manatee market president for Financial institution of America. “This program permits companions just like the Ladies’s Useful resource Middle to plan strategically for progress and long-term sustainability, and we sit up for seeing how this funding helps WRC make even larger strides to handle important challenges girls face in right now’s society.”
The Neighborhood Champions program is invitation-only for nonprofits who’re poised to take their work to the subsequent stage. Main members of the neighborhood participated in a collaborative choice course of to determine this 12 months’s awardee. Examples of the subjects for the digital management coaching awarded embody human capital administration, rising monetary sustainability, and storytelling.
“Financial institution of America’s assist will assist the Ladies’s Useful resource Middle with the pandemic’s challenges, equipping our shoppers with the expertise and instruments they should develop and achieve their targets on a stage enjoying area,” stated Ashley Brown, president & CEO of the Ladies’s Useful resource Middle. “The management coaching supplied by this grant can even strengthen our group’s administration abilities, advancing our mission of elevated financial mobility for ladies in our area.”
Because the program’s inception final 12 months, Financial institution of America has invested $4.2 million in 84 organizations inside 42 communities by way of the Neighborhood Champions program. The Neighborhood Champions program in Sarasota and Manatee counties will strengthen the financial institution’s dedication to advancing financial mobility and nonprofit management.
Along with WRC, the financial institution has this 12 months supplied a complete of $461,000 in funding to 25 native nonprofits devoted to enhancing lives and their communities by way of elevated entry to inexpensive housing, workforce growth, monetary literacy and extra.