Bank of America 2010 Annual Report Download - page 23

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We’re working hard to strengthen the
communities we serve — supporting
individuals, families and businesses
during challenging economic times.
We’re advancing growth and development
through innovative partnerships and
initiatives, and helping set opportunity
in motion by acting as a catalyst for
economic and social success.
At Bank of America, we know that our growth depends on the economic vitality of
communities worldwide. That’s why we’ve made corporate social responsibility a
fundamental way we do business. From providing clear and transparent products
and services that meet the needs of our customers to investing in our communities
through innovative grants and programs, we are strengthening the neighborhoods
we serve through a unique combination of assets. We help generate economic and
social opportunities through responsible business practices, community-development
lending and investing, philanthropy, diversity and inclusion, volunteerism, support of
arts and culture and environmental initiatives.
Through $200 million in charitable giving in 2010, part of our 10-year, $2 billion
philanthropic goal, we continued to address the most pressing challenges facing
our communities during difficult economic times, including immediate needs such
as hunger relief, as well as longer-term issues including education and workforce
development to help individuals and families move ahead. We also contributed
an additional $1.6 billion toward our 10-year, $20 billion environmental business
initiative (more than $11 billion since 2007), to address global climate change.
We know our involvement in the community is important to our customers, clients,
shareholders and teammates. Please visit bankofamerica.com/opportunity for more
detail on our commitment.
Volunteerism Supporting the Arts Commitment to Diversity Community Development