Homeless Services: Catalyst GRANTS - Bank of America [$250,000]

Tom Boland (wgcp@earthlink.net)
Fri, 4 Jun 1999 11:02:32 -0700 (PDT)


http://biz.yahoo.com/prnews/990408/nc_bankame_1.html
FWD  Yahoo - Thursday April 8, 11:01 am Eastern Time

Press Release
Bank of America

Bank of America Foundation Awards $250,000 in Bank of America Catalyst
Grants to Organizations Providing Services to the Homeless in 50 U.S. Cities

April 8 /PRNewswire/ -- The Bank of America Foundation launched today a
new nationwide grants initiative and awarded Bank of America Catalyst Grants
totaling $250,000 in 50 U.S. cities.  Grants of $5,000 were made to grassroots
nonprofit organizations that provide services to the homeless.  The
organizations were chosen by Bank of America associates in each market.

``These grassroots nonprofits that work on behalf of the homeless serve as
critical 'catalysts' for enhancing the quality of life in their communities,''
said Lynn E. Drury, president of the Bank of America Foundation.  ``Shelter is
a fundamental human need, and, yet, approximately three-quarters of a million
Americans on any given day will have no home.  We applaud the recipients of
the Bank of America Catalyst Grants for reminding us that all efforts --
whether small or large -- do matter and can truly improve the lives of
others.''

The Bank of America Catalyst Grants will be an ongoing program, in which
$250,000 in grants will be awarded on a quarterly basis, or $1 million
annually, to nonprofit organizations with operating budgets of $500,000 or
less.  Each quarter will have a different theme, reflecting one of the Bank of
America Foundation's four main categories of giving: education, health and
human services, community development, and arts and culture.

``At the local level, community-based organizations succeed in ending
homelessness for people every day of the year,'' stated Nan Roman, president of
the National Alliance to End Homelessness.  ``These dedicated organizations
know what to do, and the resources provided by partners like the Bank of
America Foundation can help them accomplish great things.''

The Bank of America Foundation introduced a pilot program to its Catalyst
Grants initiative last fall, celebrating the new Bank of America and its
commitment to improving the lives of the people and communities it serves.  At
the time, the foundation awarded $1 million throughout the company's franchise
in $10,000 grants to nonprofit organizations in 100 communities that had the
strongest need for assistance.

``The initial grants were well received by both our associates and the
nonprofit organizations, and from the beginning we knew it was a prototype for
an ongoing program,'' Drury added.  ``Our associates spend a great deal of time
volunteering in their communities, and we sought their input in the select
process.  It has been truly impressive to see the new ideas and approaches
many of these nonprofits bring to addressing community issues.''

Earlier this year, the Bank of America Foundation announced a $100 million
charitable giving budget for 1999, representing the largest philanthropic
budget for a financial services company in the country.  The foundation also
outlined a broad range of grant programs, including several initiatives linked
to associates' volunteer efforts.

In addition to the Bank of America Catalyst Grants, other foundation
programs involving associates include the matching gifts program, which
matches contributions by associates up to $5,000 per calendar year, and the
volunteer grants program, in which grants of $250 and $500 are made to
nonprofits where associates donate 50 and 100 hours of volunteer service.

Examples of nonprofit organizations who recently received Bank of America
Catalyst Grants are:

    -- The Skagit Valley Hospitality Association (Friendship House), located
       in Mount Vernon, Wash., is the only organization providing support to
       homeless individuals and families in the county.
    -- New Life Family Shelter, based in Miami, provides information regarding
       short- and long-term housing, job placement and counseling to the
       homeless and those who are at risk of becoming homeless in Dade County,
       Fla.
    -- The Rehab Mission, Inc. of Houston assists the elderly homeless by
       providing housing for 12 months or less and giving seniors food,
       clothing, counseling and job training.
    -- The Foothill Unity Center, located in Monrovia, Calif., provides
       shelter and clothing to homeless families on an emergency basis for
       periods of up to four months.

The Bank of America Foundation directs charitable giving on behalf of Bank
America Corporation.  The Bank of America Foundation contributes financial
assistance to nonprofit institutions that enhance the quality of life and
promote public interest where the company conducts its business.  For
information on its charitable giving guidelines, visit the Bank of America
Foundation's web site at http://www.nationsbank.com/foundation
http://www.nationsbank.com/foundation or call your local
Bank of America banking center.

BankAmerica, with $618 billion in assets, is the largest bank
in the United States.  It has full-service operations in 22 states and the
District of Columbia and provides financial products and services to 30
million households and two million businesses, as well as providing
international corporate financial services for business transactions in 190
countries.  The company's stock is listed on the New York, Pacific and London
stock exchanges and certain shares are listed on the Tokyo Stock Exchange.

Bank of America Catalyst Grant Recipients and Communities

    STATE          CITY           NAME OF ORGANIZATION
    Arizona       Somerton        Precious Treasures Mission
    Arkansas      Batesville      Independence County Housing
    California    Concord         Christmas In April
                  Fresno          Evangel Homes
                  San Jose        Catholic Charities of Santa Clara County
                  Visalia         Good News Center
                  Bakersfield     Bethany Sevices/Bakersfield Homeless Center
                  Los Angeles     Downtown Women's Shelter
                  Orange          Second Harvest Food Bank of Orange County
                  Monrovia        Foothill Unity Center
                  San Diego       Soroptimist International of La Mesa
                  Lancaster       Lancaster Community Shelter Program
                  Redondo Beach   Neighbor to Neighbor Program
    Florida       Miami           New Life Family Shelter
                  Tampa           Hispanic Services Council
    Georgia       La Grange       LaGrange Personal Aid Association, Inc.
                  Savannah        Coastal Empire Habitat for Humanity
    Idaho         Twin Falls      South Central Community Action Agency
                  Caldwell        Idaho Development and Housing Organization,
                                   Inc.
    Illinois      Mount Vernon    Jefferson County Habitat for Humanity
    Iowa          Algona          Family Crisis Center
    Kansas        Liberal         Original Town of Liberal Revitalization
    Maryland      Baltimore       The Women's Housing Coalition
                  Easton          Chester Park Committee
    Missouri      Carthage        Family Literacy Council
    Nevada        Las Vegas       Safe House, Inc.
                  Reno            Project Restart
    New Mexico    Albuquerque     Albuquerque Homeless Project
    North Carolina  Charlotte     Crisis Assistance
                    Asheville     Neighborhood Housing Services of Asheville,
                                   Inc.
    Oklahoma      Oklahoma City   Lend-A-Hand Parent-Child Center
                  Tulsa           Tulsa Day Center for the Homeless
    Oregon        Portland        Franciscan Enterprises
                  Lebanon         Lebanon Area Habitat for Humanity
    South Carolina  Sumter        Santee Lynches Affordable Housing &
                                   Community Dev. Corp.
                    Hartsville    Homes for Hartsville

    Tennessee       Chattanooga   Chattanooga Room in the Inn
                    Nashville     Base Camp
    Texas           Dallas        Union Gospel Mission
                    Houston       Rehab Mission, Inc.
                    Beaumont      The Women's Shelter/Family Counseling
                                   Service
                    Corpus Christi  Rainbow House
                    Harlingen     Harlingen Community Development Corp.
                    El Paso       El Paso Interreligious Sponsoring
                                   Organization (EPISO)
    Virginia        Richmond      First Homes, Inc.
                    Newport News  Friends of the Homeless, Inc.
     District of
      Columbia      Washington, DC  Community Action Group
                    Prince Georges Co. Community Ministry
    Washington      Mt. Vernon     Skagit Valley Hospitality Association
                    Yakima         Yakima County Coalition for the Homeless

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