FOR IMMEDIATE RELEASE
Bank of America Makes First Contribution Towards
Urban League of Broward County’s Mary Porter Grant Goal
FORT LAUDERDALE (October 28, 2013) – Bank of America, a longtime supporter of the Urban League of Broward County, was the first company to award the Urban League with matching funds towards the Mary N. Porter Legacy Fund. The leadership gift of $100,000 was presented at the Urban League’s 2013 signature Red Gala and will be matched dollar for dollar for their capital project.
“As one of our community’s leading organizations whose work improves the lives of individuals and families in so many different ways, supporting the Urban League’s empowerment campaign was a natural opportunity in our continued partnership,” said Lori Chevy, Broward County Market President for Bank of America. “The fact the gift is being matched by the Mary N. Porter Legacy Fund grant is a bonus, essentially doubling the impact of our contribution.”
In June of 2013, the Board of the Community Foundation approved a $500,000 grant to the Urban League of Broward County to create a high-tech learning hub. The Urban League was one of three, out of 26 applicants, selected as a recipient of the Mary N. Porter Legacy Fund, which was designed to improve the quality of services in Broward by supporting capital projects including new construction, renovations and other major capital initiatives.
“Mary Porter trusted the Community Foundation to ensure her philanthropy supported effective and important projects that encouraged others to also give back. The Foundation’s support of this Urban League of Broward County project does just that,” said Linda Carter, President and CEO of the Community Foundation of Broward, who also attended the gala.
The donation will assist with the Urban League’s efforts to expand its programs and services using innovation and technology. The Sunshine Health Community Empowerment Center is a 28,000 square-foot facility with state-of-the-art digital classrooms, a 4,000 square-foot multipurpose room and many other amenities. The Mary N. Porter Legacy Fund allows the Urban League to turn on the technology switch in a community faced with digital disparities.
“On behalf of the Urban League and the children and families we serve, I would like to thank both the Community Foundation of Broward County and Bank of America for this extraordinary opportunity enabling us to continue to be an innovative solution for the economic and social development of our community,” said Dr. Germaine Smith-Baugh, President and CEO of the Urban League of Broward County.
For more information on the Urban League of Broward County, please call 954.584.0777 or visit us online at www.ulbroward.org.
About Bank of America:
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
About the Community Foundation of Broward County:
Founded in 1984, the Community Foundation of Broward's mission is to provide leadership on community solutions, and foster philanthropy that connects people who care with causes that matter. A public nonprofit organization with more than 450 charitable funds and agency endowments representing $160 million, it has distributed $60 million to support community solutions over the past 30 years. For more information about the Community Foundation of Broward, visit cfbroward.org or call 954.761.9503.
About the Urban League of Broward County:
The Urban League of Broward County is a not for profit, community based organization founded in 1975. We empower communities and change lives. Our mission is to assist African Americans and other disenfranchised groups in the achievement of social and economic equality. Programs/services include affordable housing development and redevelopment, youth development, diversion, employment and training, education and community empowerment and civic engagement.