Anne Finucane

Bank of America Commits $250 Million in Capital and $10 Million in Philanthropic Grants to Community Development Financial Institutions (CDFIs)

Retrieved on: 
Monday, March 30, 2020

In addition, Bank of America will provide up to $10 million in philanthropic grants to help fund the operations of CDFIs.

Key Points: 
  • In addition, Bank of America will provide up to $10 million in philanthropic grants to help fund the operations of CDFIs.
  • The funding and grants announced today will be provided to CDFI loan funds and CDFI- and minority-owned banks.
  • Small businesses are the backbone of our communities, said Anne Finucane, vice chairman of Bank of America.
  • Last week, Bank of America announced a $100 million commitment to support local communities impacted by the coronavirus.