Bank of America donates $1M to Miami homeless program

With Bank of America’s new dominant market share in NJ, it would be wonderful to know that they were funding one or more of the initiatives in NJ to end chronic and long-term homelessness to the same degree that they did in Miami. This is also a reminder that there is a very important role for the private sector in ending homelessness in New Jersey.

BofA donates $1M to Miami homeless program

Charlotte Business Journal – 10:47 AM EDT Monday, March 12, 2007
The Bank of America Charitable Foundation has donated $1 million to a Miami organization that provides shelter and other services for the homeless.

The donation is the first corporate contribution Camillus House has received toward an extensive plan to create a center that will offer social and clinical services to Miami’s chronically homeless.

“The partnership between Bank of America and Camillus House serves as a model for making a meaningful impact in improving the lives of Miami’s homeless population,” Miami Mayor Manny Diaz says. “Just as the city of Miami played an instrumental role in finding a home for the Camillus House campus, we hope other corporations will support this effort as generously as Bank of America has.”

In 2004, Charlotte-based Bank of America Corp. (NYSE:BAC) announced a goal of giving $1.5 billion over 10 years to nonprofit organizations engaged in improving the quality and vitality of their neighborhoods.

The bank will give more than $200 million in 2007.

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