Bank Of America Invests $150K In Houston's Asian Community

Houston TX

01 April, 2021

7:50 PM

Description

Press release from Bank of America: April 1, 2021 In light of recent attacks against Asian Americans, Bank of America announced this week that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. The increase includes an immediate $1 million commitment to support increased advocacy, dialogue and engagement with the Asian American community. Here in Houston, the bank is contributing over $150,000 that includes support of the Chinese Community Center and Asia Society Texas, in addition to continuing its longstanding support of the Asian Chamber of Commerce. "The increase in violence against Asian communities cannot be ignored," said Hong Ogle, Houston Market President for Bank of America. "As a member of the Asian American community, this is a painful reminder that racism persists in our society. I am honored to announce that here in Houston, Bank of America is contributing over $150,000 that includes support of the Chinese Community Center and Asia Society Texas, in addition to continuing our longstanding support of the Asian Chamber of Commerce. This funding will help the organizations' continued efforts towards racial equality and cultural understanding." Announced in June 2020, the company is addressing racial equality and opportunity with investments focused on health, jobs/reskilling, affordable housing and small business. To date, Bank of America has invested $350 million. Across the country, Bank of America is expanding pre-existing work with Asian American Advancing Justice, National Coalition for Asian Pacific American Community Development, and The Leadership Conference Education Fund. Bank of America employees can double their charitable donations to these three non-profits and others through the employee matching gift program. The company's matching gift minimum has been lowered to $1 for the next 90 days. This press release was produced by Bank of America. The views expressed here are the author's own.