Bank announces $4.2M commitment to 75 New Jersey nonprofits

NEW JERSEY — Bank of America recently announced more than $4.2 million in grants to 75 New Jersey nonprofit organizations that will help drive economic opportunity and upward mobility for communities. The local nonprofits will focus on basic needs, affordable housing, workforce development, and small business and economic revitalization.

“As part of our commitment to sustainable growth, helping local organizations address immediate short- and long-term needs has been key on our path of economic recovery,” Bank of America New Jersey President Alberto Garofalo said. “By supporting New Jersey’s incredible network of nonprofits, Bank of America is providing philanthropic capital to help advance economic and social progress, establishing pathways to success and stability for our community.”

One Bank of America grant recipient is the Ironbound Community Corporation in Newark. Founded in 1969, ICC’s mission is to engage and empower individuals, families and groups in realizing their aspirations and, together, work to create a just, vibrant and sustainable community. With this support from Bank of America, ICC will deepen its work and impact around ensuring an equitable neighborhood and city through eviction prevention and affordable housing preservation.

“Building community by investing in our children and families is key to the work we do at Ironbound Community Corporation,” ICC Executive Director Vicky Hernandez said. “As we continue this important work, we are grateful for Bank of America’s support and are eager to expand on our programs to uplift the community, not uproot.”

Among the organizations received grants are: Affordable Housing Alliance, African American Chamber of Commerce, America’s Grow-a-Row, Boys & Girls Club of Newark, Boys & Girls Clubs of New Jersey, Center for Nonprofits, Community FoodBank of New Jersey, Community Foundation of New Jersey–Newark Summer Youth Employment Program, Corporation for Supportive Housing, Council of New Jersey Grantmakers, Greater Newark Conservancy, Habitat for Humanity of Greater Newark, HANDS, Hispanic Chamber of Commerce, Housing and Community Development Network of New Jersey, La Casa de Don Pedro, Montclair Art Museum, New Community Corporation, New Jersey Citizen Action, New Jersey Community Capital, New Jersey Small Business Development Centers, New Jersey Theatre Alliance, Newark Arts Council, Newark Museum, New Jersey Performing Arts Center, Table to Table, Urban League of Essex County and WomenRising.