Martin Richards and BofA help neighborhoods excell

The San Francisco market president for Bank of America, Martin Richards, oversees a foundation that will dole out $3.6 million to nonprofit organizations statewide this year, including $450,000 to groups in The City. Goodwill of San Francisco and the Boys and Girls Club of San Francisco each were awarded $200,000 in unrestricted grant funding as part of Bank of America’s Neighborhood Excellence Initiative.

What is the history of the bank’s Neighborhood Excellence Initiative? This has been our sixth year in the program. The idea behind giving the unrestricted grants is to really let organizations do what they want with the money.

What qualities is the bank looking for under the initiative? We’re trying to promote a new standard of excellence. We have a panel here that carefully vets all of the eligible nonprofits, and we’re looking for excellence at what they strive to do.

How can the funds help? We want to allow them to network and improve their best practices.

How important is it for corporations like Bank of America to invest in local communities? The bank has always been involved in the San Francisco community, as evidenced by our 21,000 hours of associate volunteer service last year. It’s part of our responsibility as a corporation, but it’s also part of an enlightened self-interest. It makes sense on a business basis to have strong communities with a well-trained work force and a strong educational background.

3-Minute InterviewBank of AmericaBay Area NewsLocalTransittransportation

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Governor Gavin Newsom speaks at a news conference about a $12 billion package bolstering the state’s response to the homelessness crisis at the Kearney Vista Apartments on May 11, 2021 in San Diego, California. (K.C. Alfred/The San Diego Union-Tribune/TNS)
Newsom promises sweeping change in California’s $267-billion budget

John Myers Los Angeles Times California would embark on the most ambitious… Continue reading

San Francisco Police Chief Bill Scott leaves the scene of an officer-involved shooting at Brannan Street and Jack London Alley in the South Park area on Friday, May 7, 2021. (Kevin N. Hume/S.F. Examiner)
Chief Scott issues rare apology to man shot by SF police

Officer says he ‘did not intend for his firearm to go off’

Despite the pandemic, San Francisco has ended the fiscal year with a budget surplus. (Kevin N. Hume/S.F. Examiner)
Better than expected tax revenues leave city with $157.3M surplus for this year

As the fiscal year nears an end and Mayor London Breed prepares… Continue reading

Passengers board a BART train bound for the San Francisco Airport at Powell Street station. (Kevin N. Hume/S.F. Examiner)
BART bumps up service restoration to August 30, offers fare discounts

Rail agency breaks pandemic ridership records, prepares to welcome more passengers

Ashley and Michelle Monterrosa hold a photo of their brother Sean Monterrosa, who was killed by a Vallejo police officer early Tuesday morning, as they are comforted at a memorial rally at the 24th Street Mission BART plaza on Friday, June 5, 2020. (Kevin N. Hume/S.F. Examiner)
State Department of Justice to investigate Sean Monterrosa shooting by Vallejo police

Attorney General Rob Bonta steps in after Solano County DA declines case

Most Read