Bank of America Foundation Contributes $250,000 in Grants to Support Literacy Efforts in 49 U.S. Cities.Business &News Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 24, 2000 The Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Foundation today announced its final series of Community Catalyst Grants for 1999, totaling $250,000 in 49 U.S. cities. As part of the bank's Community Catalyst Grants program, donations of $5,000 each were made to grassroots nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. across the country that support literacy. &uot;We have an unwavering commitment to supporting education, particularly literacy, for it is the basis of life-long learning,&uot; said Lynn E. Drury, president of the Bank of America Foundation. &uot;We hope this support of literacy efforts provides all people with a window of opportunity that opens to a brighter future.&uot; The Bank of America Catalyst Grants is an ongoing program managed by the Bank of America Foundation, in which $250,000 in grants is awarded on a quarterly basis, or $1 million annually, to nonprofit organizations with operating budgets Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. of generally $500,000 or less. Each quarter has a different theme, reflecting one of the four main categories of Bank of America Foundation giving: education, health and human services Noun 1. Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Department of Health and Human Services, HHS , arts and culture and community development. &uot;This community grants program was designed to be a catalyst by providing funding to groups that help people at a very local level,&uot; said Drury. &uot;It's our goal that the grants go to organizations for which they can make a great difference. In this case, we've paid special attention to nonprofits that serve communities with high poverty levels and low literacy rates.&uot; Some recipients of this quarter's Bank of America Community Catalyst Grants include: -- Inter-City Upbeat, Inc., located in a low-income area of West Palm Beach, Fla., which provides health care, family and social services, community development, job training and literacy and education programs. It will use the grant to enhance tutoring programs in reading, writing, math, and GED GED abbr. 1. general equivalency diploma 2. general educational development GED (US) n abbr (Scol) (= general educational development) → classes. -- Pittsburg Public Library Board of Pittsburg, Kan., which will use the funds to create &uot;Books to Go&uot; learning kits. The kits--comprised of five picture books, a compact disc, a videotape videotape Magnetic tape used to record visual images and sound, or the recording itself. There are two types of videotape recorders, the transverse (or quad) and the helical. , and a list of related learning activities--are designed to develop reading readiness  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. for pre-kindergarten children. -- Learn After School Academic Program, located in Richmond, Calif., which services at-risk minority students through mentoring, literacy and English as a Second Language programs. The grant will be used to help develop and implement a volunteer recruitment project. -- Victoria Adult Literacy Council, located in Victoria, Texas, which provides the community with tutoring, literacy and English as a Second Language programs and last year served more than 200 illiterate ILLITERATE. This term is applied to one unacquainted with letters. 2. When an ignorant man, unable to read, signs a deed or agreement, or makes his mark instead of a signature, and he alleges, and can provide that it was falsely read to him, he is not bound by adults. The organization will use the grant for tutor TUTOR - A Scripting language on PLATO systems from CDC. ["The TUTOR Language", Bruce Sherwood, Control Data, 1977]. training and other literacy program costs. The Bank of America Foundation contributes financial assistance to nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. institutions and organizations that enhance the quality of life and promote the public interest in the areas where the company conducts its business. The primary focus of the Foundation is education. Other major areas of giving include health and human services, community development, and arts and culture. The Bank of America Foundation recently ranked as Worth magazine's &uot;top corporate giver&uot; in a survey of the 500 largest publicly held corporations in America by the Council on Economic Priorities. The ranking was based on the total dollar value of the company's charitable giving in a falling inwards; a collapse. See also: Giving 1998, which totaled $92 million. The Foundation also received the &uot;Commitment Award&uot; as part of the 1999 Business in the Arts Awards. Sponsored by the Business Committee for the Arts and FORBES magazine, the bank was recognized for its longstanding support of the arts. Bank of America, with $633 billion in assets, is the largest bank in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It has full-service operations in 21 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and provides financial products and services to 30 million households and two million businesses, as well as providing international corporate financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. for business transactions in 190 countries. The company's stock (ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. :BAC BAC abbr. blood alcohol concentration ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pacific and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and certain shares are listed on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. . www.bankofamerica.com
Bank of America
Community Catalyst Grants Program
Fourth Quarter 1999
Each of the following organizations received a $5,000 grant:
State City Organization
AR Harrison Friends of the Library, Boone County, Inc.
AZ Bullhead City Boys &Girls Club of the Colorado River
AZ Payson Rim County Literacy Program
CA Hayward Hayward Literacy Plus
CA Los Angeles Echo Park Boys and Girls Club
CA Los Angeles Remedial Reading &Learning Center
CA Modesto Stanislaus Literacy Center
CA Pacoima Pacoima Urban Village
CA Redding Retired Senior Volunteer Program (RSVP)
CA Richmond West Contra Costa Public Education Fund
CA Riverside Riverside County Literacy Network
CA Sacramento St. Patrick's Home for Children, Inc.
CA San Diego Barrio Logan College Institute
CA San Francisco Wu Yee Children's Services
CA Stanton Boys &Girls Club of Stanton
DC Washington Communities in Schools of Washington, DC
FL Tallahassee Friends of Lincoln Foundation
FL West Palm Beach Inter-City Upbeat, Inc.
GA Augusta Beulah Grove Community Resource Center
GA Savannah Cuyler Community Improvement Association
IA Estherville Estherville School Foundation
ID Boise Children's Museum of Idaho, Inc.
IL Edwardsville Southern Illinois Professional Development Center
KS Pittsburg Pittsburg Public Library Board
MD Hagerstown Boys and Girls Club of Washington Co.
MD Landover Literacy Council of Prince George's Co.
MD Linthicum Heights Communities in Schools of Maryland
MO Jackson Friends of the Riverside Regional Library
NC Greenville Literacy Volunteers of America-Pitt Co.
NC Jacksonville Onslow County Partnership for Children
NM Farmington San Juan College Foundation
NV Fallon Friends of the Churchill County Library
OK Oklahoma City Community Literacy Centers, Inc.
OK Tulsa Asian American Community Service Association
OR Astoria Astoria School District
OR Portland Oregon Children's Foundation
SC Columbia Bethlehem Community Center
SC Greenwood RAVEN, Inc.
TN Johnson City Girls Incorporated of Johnson City
TN Lawrenceburg Lawrence County Education Foundation
TX Abilene Taylor County Adult Literacy Council
TX Galveston Boys &Girls Clubs of Galveston Co., Inc.
TX Harlingen Harlingen Literacy Center
TX San Angelo Adult Literacy Council of Tom Green Co.
TX Victoria Victoria Adult Literacy Council
VA Charlottesville Literacy Volunteers of Amer.-Charlottesville
VA Norfolk Tidewater Community College Education Foundation
VA Roanoke Literacy Volunteers of America-Roanoke
WA Bellevue Eastside Literacy Council
WA Yakima Yakima Rotary Charities
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