Bank of America Names Maydm as its Madison 2024 Neighborhood Builder
Bank of America Names Maydm as its Madison 2024 Neighborhood Builder
Nonprofit will receive a multiyear grant & comprehensive leadership training to expand services
MADISON, WI– Celebrating its 20th year, Bank of America’s signature Neighborhood Builders® program continues to be one of the nation’s largest philanthropic investments into nonprofit leadership development, while providing unique multiyear flexible grant funding annually to two high-impact nonprofits in nearly 100 communities nationwide. In Madison, Bank of America has named MAYDM as its 2024 Neighborhood Builders for its work providing girls and youth of color in grades 6 -12 with the skills, experiences, and connections to pursue careers in and change the face of STEM.
Maydm will be awarded a $200,000 grant over two years, comprehensive leadership training for the organization’s executive director and an emerging leader, and access to a national network of nonprofit peers. Since 2004, Bank of America has invested over $300 million in grants to nearly 1,800 nonprofits and helped more than 3,500 nonprofit leaders strengthen their leadership skills in nearly 100 communities across the U.S. through Neighborhood Builders and Champions.
“This year we are celebrating our second year strengthening Madison nonprofits that provide solutions to local challenges and promote economic advancement," said Drew Slocum, president, Bank of America Wisconsin. “Providing these nonprofits with flexible funding and comprehensive leadership training helps them address critical needs and create meaningful lasting change in our communities. Countless individuals, families and neighborhoods have felt the profound impact that this organization has had in Madison.”
Maydm is committed to social justice through access to education opportunity, and financial literacy and growth, by disrupting systemic barriers to equal representation. This new grant funding will provide critical operational and program support including hiring additional staff as well as enhancing benefits of current staff, expanding new programs such as the Maydm Alumni Network and launching new community initiatives.
"I can’t express how grateful we are to receive this Bank of America Neighborhood Builders award. Our team at Maydm has been intentionally looking for more opportunities to collaborate with other organizations in order to pool our resources and better serve our youth. We can achieve far more together than separately. So, we are especially excited for the Neighborhood Builder networking opportunities. Also, the training that Melissa and I will receive is invaluable. We look forward to putting all these things to good use, for our youth, as we help them to change the face of stem," said Dr. Christina Outlay, Executive Director of Maydm.
Neighborhood Builders is part of the bank’s longstanding efforts to build thriving communities by addressing issues fundamental to economic opportunity. The invitation-only program is highly competitive, with awardees selected by a committee comprised of community leaders and past awardees.
The previous Madison Neighborhood Builder was Urban League of Greater Madison.
Bank of America
Bank of America is one of the world’s leading 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. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, 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 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
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Reporters May Contact:
Diane Wagner, Bank of America
Phone: 312.992.2370
Email: diane.wagner@bofa.com