Bank of America 2004 Annual Report Download - page 26
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BANK OF AMERICA 2004 25
In 2004, Bank of America loaned and invested more than
$12.4 billion to create affordable new homes for families and individuals,
including the City View development in Orlando, Florida, above.
Through our volunteer network, Team Bank of America, 100,000 associates provided 700,000
volunteer hours to 3,500 nonprofit organizations within our communities. Because Bank of America allows
full-time associates to volunteer up to two hours per week of company time to such activities, many other associates
also made significant contributions of their time to meet community needs in 2004.
With one of the largest philanthropic budgets of any corporation in the nation, our charitable investments
in 2004 totaled $108 million. We have set a philanthropic goal of $1.5 billion over the next 10 years.