Child Welfare League of America Honors Bank of America as National Corporate Advocate of the Year
Bank of America to be recognized for its commitment to vulnerable children and families
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March 1, 2005, Washington, DC -- Bank of America, the nation's first coast-to-coast bank and the third-largest bank in the US, has been named by the Child Welfare League of America (CWLA) as its National Corporate Advocate of the Year. Bank of America was selected because of its demonstrated track record not only at the local and regional level, but also at the national level for supporting the work of charitable organizations that serve children and families.
Shay Bilchik, CWLA's President & CEO, said, "We are extraordinarily pleased to present this award to Bank of America. By the breadth and depth of its support at all levels of the company, Bank of America has demonstrated that they are a model for others and truly deserving of this year's National Corporate Advocate of the Year Award."
The award will be presented to Bank of America on March 10, 2005, at CWLA's 85th Anniversary Gala Dinner, to be held during CWLA's National Conference in Washington, DC. This formal event attracts nearly 1,500 child advocates, representatives from Capitol Hill, national child-serving organizations, foster parents, and child welfare professionals from across the country. AirTran Airways, IndyMac Bank, and New Jersey Resources Corporation will be recognized alongside Bank of America as Corporate Friends of Children.
Frank H. Crawford, Executive Director of Youth Homes, Inc., nominated Bank of America for this distinguished award, noting that its policies and practices at every level exemplify a commitment to the betterment of the Charlotte regional area and in all the communities in which they do business. Bank of America's outstanding partnership with Youth Homes has enabled the agency into move into a state-of-the-art new building along with nine other local non-profit organizations. Youth Homes has also benefited extensively from Bank of America's commitment to employee volunteerism; every year about 100,000 Bank of America associates devote some 650,00 to volunteer work in communities nationwide.
"We're very grateful to be receiving this award, which recognizes our corporate commitment to the welfare of children as well as the volunteer work of thousands of associates throughout the country," said Bill Couper, Bank of America's Washington, D.C. President, who will be accepting the award on behalf of the bank. "Their work adds considerable weight to the charitable investments we make in organizations such as Youth Homes, Inc. and the many child care facilities, youth organizations and health and welfare programs that we support."
Criteria used by CWLA in the selection of the awardees include: personnel and management policies that promote the well-being of its employees; giving and philanthropic activities that benefit children, youth, and families outside the family; corporate products that are not harmful to children and families or their physical and cultural environment; and a sustained pattern of national, state, or local activities that benefit children, families, and the community.
About Bank of America
Bank of America (NYSE:BAC) is one of the world's leading financial services companies. The company's Global Corporate and Investment Banking group (GCIB) provides investment banking, equity and debt capital raising, research, trading, risk management, treasury management and financial advisory services. Bank of America's community impact mission is to offer lending and investment products that serve low- and moderate-income individuals and families; improve underserved low- and moderate-income communities; and create sustainable practices for the long haul. For additional information, visit www.bankofamerica.com.
About Youth Homes, Inc.
Youth Homes Inc. is a COA-accredited, private, non-profit agency that has been providing residential and family strengthening services for children and families in Charlotte-Mecklenburg County since 1975. Youth Homes fosters the healthy development of children and families in need by offering comprehensive services that support family preservation and reunification or seek permanency through alternative placements. For additional information, visit www.youthhomesinc.org.
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