Friday, February 09, 2007

Bank Of America Gives In Multiple States

LOS ANGELES — United Way of Greater Los Angeles today announced it has received a grant from Bank of America designed to help individuals and families in Los Angeles County obtain tax preparation assistance and unrealized tax refunds through the Earned Income Tax Credit (EITC).

This grant is part of a national partnership between United Way of America and the Bank of America Charitable Foundation that will provide $500,000 in grants to two statewide and 31 local United Ways. Additionally, Bank of America associate volunteers will assist in tax preparation for qualified individuals and families eligible for EITC around the country.

Bank of America, which operates in several states including Nevada, has embarked on an unprecedented 10-year goal to give $1.5 billion to nonprofit organizations engaged in improving the quality and vitality of their neighborhoods. The bank will give more than $200 million in 2007, making it one of the most generous corporate donors in the world.

Bank of America approaches giving through a national strategy called "neighborhood excellence" under which it works with local leaders to identify and meet the most pressing needs of individual communities. Through Team Bank of America, bank associate volunteers contribute more than 500,000 hours each year to improve the quality of life in their communities nationwide.

For more information about Bank of America Corporate Philanthropy, please visit the Philanthropy section of its site.

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