Bank of America Foundation Makes $255,000 in Environmental Grants; Grants Further Earth Day Spirit.Business Editors/Environment Writers CHARLOTTE, N.C.--(BUSINESS WIRE) 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 first quarter Community Catalyst Grants for 2000, totaling $255,000 in 51 U.S. cities. Grants of $5,000 each were made across the country 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. that support community development activities focused on the environment. "Bank of America believes environmental protection is an integral component of doing business in today's world. In conjunction with Earth Day, we thought our Catalyst Grant Program would be a perfect opportunity to reaffirm re·af·firm tr.v. re·af·firmed, re·af·firm·ing, re·af·firms To affirm or assert again. re our pledge to protect the environment," said Lynn E. Drury, president of the Bank of America Foundation. Bank of America Catalyst Grants are an ongoing program managed by the Bank of America Foundation, in which approximately $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. This year's categories are: second quarter, 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 with a focus on early childhood development; third quarter, education with a focus on building multicultural mul·ti·cul·tur·al adj. 1. Of, relating to, or including several cultures. 2. Of or relating to a social or educational theory that encourages interest in many cultures within a society rather than in only a mainstream culture. awareness; and fourth quarter, arts and culture with a focus on arts education. "The health of the environment not only directly affects the quality of our lives, it also serves as the foundation for the sustainable economy on which our business and communities depend," said Bill Vandiver, Corporate Risk Management executive, Bank of America, who champions the bank's environmental commitment. "Through programs like the Community Catalyst Grants, we encourage associates to engage in community efforts that make this environmental commitment real. It is the right thing to do." The Bank of America Environmental Commitment pledges the company to reduce the environmental impacts of its own internal operations, advocate a conservation ethic
Some recipients of first-quarter Bank of America Community Catalyst Grants include:
-- New Mexico Forest Re-Leaf Tree Planting Program, in Bernalillo,
N.M., which runs a statewide program serving the entire population
of the state through tree planting projects and public outreach
-- Denison Heritage, Inc., in Denison, Texas, which will use the
grant to host a series of composting seminars that are critically
needed due to a lack of recycling programs
-- Catawba Lands Conservancy, in Charlotte, N.C., which is a land
conservation organization dedicated to promoting education for
land owners, land conservation projects and protected properties
-- WildCare Terwilliger Nature Education and Wildlife, in San Rafael,
Calif., which will use the funds to protect regional flora and
fauna through the collaborative efforts of two environmental
organizations.
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. On April 15, the Bank of America Foundation received the 1999 Spirit of America Spirit of America is the trademarked name used by Craig Breedlove for his land speed record-setting vehicles. The Spirit of America was the first of the modern record breaking cars, build within new rules with its three wheel design, narrow stream-lined Award, the United Way of America's highest honor for a company with outstanding corporate community involvement. Bank of America, with $656 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. .
Bank of America
Community Catalyst Grants Program
First Quarter 2000
Each of the following organizations received a $5,000 grant:
State City Organization
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AK Little Rock Arkansas Governor's Mansion Association
AZ Tucson Friends of Sabino Canyon
AZ Flagstaff Grand Canyon Trust
CA Sacramento American River Parkway Foundation
CA Kentfield California State Parks Foundation
CA Santa Barbara Community Environmental Council
CA Bridgeport Ducks Unlimited, Bridgeport Chapter
CA San Diego Environmental Health Coalition
CA Long Beach Friends of Long Beach Parks and Rec
CA Berkeley Golden Gate Audubon Society
CA Half Moon Bay Richard J. Elkus Youth Ranch
CA San Bernardino San Bernardino National Forest Association
CA Visalia Sequoia/Kings Canyon National Park Fdn.
CA Santa Ana Trails4All
CA San Rafael WildCare Terwilliger Nature Educ/Wildlife
FL Bradenton Keep Manatee Beautiful
FL Orlando Keep Orlando Beautiful, Inc.
FL Jacksonville Tree Hill Nature Center
GA Atlanta Environmental Fund for Georgia
GA Brunswick Keep Brunswick-Golden Isles Beautiful
IA Des Moines Iowa Recycling Association
ID Sun Valley Nature Conservancy of Idaho
IL Benton Franklin Foundation (Rend Lake Bike Trail)
KS Lindsborg Kansas Urban Forestry Council
MD Bladensburg Anacostia Watershed Society
MD Boonsboro Friends of Washington Monument State Pk.
MD Tyaskin Nanticoke Watershed Alliance
MD Easton Pickering Creek Environmental Center
MO Springfield Ozark Greenways, Inc.
NC Charlotte Catawba Lands Conservancy
NC Arden Friends of the Blue Ridge Parkway
NM Bernalillo New Mexico Forest Re-Leaf
NV Reno American Evergreen Foundation
NV Las Vegas Friends of the Desert Wetlands Park
OK Oklahoma City Greater Oklahoma City Tree Bark Fdn.
OK Tahlequak Save the Illinois River
OR Portland Headwaters to Ocean (H20)
OR Hillsboro Jackson Bottom Wetlands Center
SC Sumter Derthick Education Foundation
TN Nashville Cumberland River Compact
TN Waverly National Wild Turkey Federation
TX Denison Denison Heritage, Inc.
TX Dumas Dumas Education Foundation
TX Sherman Hagerman National Wildlife Refuge
TX Pearland Keep Pearland Beautiful
TX Wichita Falls River Bend Nature Works
TX Temple Temple Futures
VA Virginia Beach Coastal Conservation Association
VA Norfolk Elizabeth River Project
WA Everett Adopt-A-Stream Foundation
WA Everett Friends of Narbeck Wetland Sanctuary
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