Bank of America: Making an Impact in the Mountains

October 30, 2018

You may know Bank of America for its world-class service model–or maybe its two hundred years of history that include developing the first proprietary ATM, financing the Golden Gate Bridge, and helping Charlotte’s textile industry blossom. But did you know about their weighty economic and philanthropic impact, happening right here in Western North Carolina?

Since 2013, its eight regional financial centers have provided $561K in philanthropic partnerships, to address community development, workforce development, and other basic community needs. In addition, its 130 associates have contributed a combined 11,000 hours in service hours, as well as $339K in pledges to local nonprofits.

“We support the organizations that our associates are passionate about.” said Market President Andy Nadeau. “And we appoint an associate to champion every cause we support.”

Andy is proud of Bank of America’s commitment to WNC, which has spanned more than 40 years and impacted countless lives through its work with community nonprofits. Its key community partners include Chamber member Asheville Area Habitat for Humanity, MANNA FoodBank and Homeward Bound to name a few.

“We recognize that affordable housing is a priority in our community,” said Market Manager David Dowd, who is proud to have doubled Bank of America’s foundation grant for Asheville Habitat. The Bank’s partnership with Habitat helps low-income homeowners who are affected by age, disability, or family circumstances and struggle to maintain the integrity of their homes. Projects range from painting to foundational repair to building entirely new homes for those in-need.

“In August we were able to be part of a dedication to a house in Arden. We met the family moving in, a single mom with three kids. It was an amazing experience,” said David.

David is just as passionate about Bank of America’s partnership with Manna Food Bank, a local non-profit that works to end hunger in Western North Carolina. Bank of America has worked with MANNA since 2001, helping them pack meal boxes and contributing grant money to fund vital programs.

“The impact MANNA has in the region is impressive. How far they can spread their arms out and reach people. They work like a well-oiled machine. Their volunteers alone equal the work of about 32 employees,” said David.

“Our partnership with MANNA is making a difference. Last year alone, our financial contribution created 190,000 meals for families in Western North Carolina,” said Andy.

A relatively newer endeavor for the Bank is its partnership with JDRF One Walk, a global non-profit that funds type 1 diabetes research. For the last two years, Bank of America has been involved with JDRF’s annual diabetes walk, which this year raised more than $110K. Andy also plays a major leadership role in the event as the walk’s corporate chairperson.

“One of the major reasons we got involved with JDRF is that several of our associates suffer or know someone that suffers from type 1 diabetes,” said Andy. “We are proud to support the efforts of JDRF to help rid the world of this disease.”

“At Bank of America, our purpose is to make financial lives better for our customers, our clients and our communities through the power of every connection we can make for them.” said Andy. “This support will help revitalize our neighborhoods to enrich our community.”