This week, Bank of America announced $470,000 in grants to 18 Las Vegas nonprofits. Funding will support programs that will address food insecurity and provide access to healthcare, services for the homeless, family services, youth employment and alternative pathways for adults.
According to Three Square, the only food bank in Southern Nevada, there are more than 363,000 Southern Nevadans experiencing food insecurity, 1 in 6 individuals since the pandemic. The rising cost of goods, record high gas prices and expiring pandemic benefits are further straining community nonprofits providing assistance for basic essentials. Therefore, the bank is directing funding to local nonprofits and assisting individuals and families to meet basic needs.
Employment is also a key driver of economic mobility in Las Vegas. Therefore, the grants will also support a range of workforce development and educational opportunities.
One of the awarded nonprofits is Three Square, the only food bank in Southern Nevada. Established in 2007, Three Square provides hunger relief, offering wholesome, nutritious food to non-profit and faith-based organizations, schools and feeding sites for those suffering from food insecurity. The $100,000 donation will provide 300,000 meals to those in need in the Las Vegas community.
Another awarded nonprofit is HopeLink of Southern Nevada. Founded in 1991, this nonprofit has been providing services to thousands of families and seniors that are struggling with bare necessities like food, water and shelter. HopeLink helps hardworking people living on a limited income that may be on the brink of hunger or homelessness and need a helping hand. This grant supports one-on-one career counseling, connecting clients to potential employers.
Other organizations receiving grants include: Boys & Girls Clubs Of Southern Nevada, Catholic Charities of Southern Nevada, Clark County Public Education Foundation Inc., Collaboration Center Foundation, Communities in Schools of Nevada, Dress for Success, Edward Kline Memorial Homeless Veterans Fund, Foundation for an Independent Tomorrow, Fulfillment Fund Las Vegas, Future Smiles, Help of Southern Nevada, Jobs for Nevada’s Graduates, Junior Achievement of Southern Nevada, Just One Project, Olive Crest, Safe Nest Temporary Assistance for Domestic Crisis Inc.
These grants build on the more than $3 million Bank of America provided to organizations in Las Vegas since 2020. In the past five years, local Bank of America employees have logged nearly 60,000 volunteer hours.
“Investing in partnerships with nonprofit organizations addressing issues like food insecurity, workforce development, services for the homeless, youth employment and family services is part of our approach to driving economic opportunity and social progress in Las Vegas,” said Al Welch, President, Bank of America Las Vegas. “This recent philanthropic investment in Las Vegas nonprofits is just one way Bank of America deploys capital locally to help remove barriers to economic success and build a more sustainable community.”
Beyond local grant funding, Bank of America announced an expanded $1.25 billion, five-year commitment to help advance racial equality and economic opportunity across the country last year. The commitment supports investments that create opportunity for people and communities of color in the areas of health and healthcare, jobs and reskilling, support for small businesses, and affordable housing.