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

Supes move to reject Breed’s picks for police oversight body, call for strong reformers

Ronen, Mar cite qualification concerns in voting against Police Commission nominees

SF public defender urges police to explicitly bar technique used in George Floyd death

Public Defender Manohar Raju is calling for policy changes after a widely… Continue reading

Protesters turn out Sunday in San Francisco for second day in a row

“To me, it’s everyone’s breaking point,” said Chris Jackson, who handed out water to fellow demonstrators.

Businesses slam proposed COVID-19 worker rehire law as too ‘burdensome’

Supervisor Mar’s legislation would require employers to take back staff at same pay

Curfew to remain in effect Monday night in SF; dozens arrested from Sunday protests

Police chief estimates as many as 6,000 took part in demonstrations

Most Read