Bank of America Charitable Foundation names 2013 Neighborhood Builders® award recipients
Tuesday, December 10, 2013
Posted by: Amy Seasholtz
Bank of America Recognizes People’s Emergency Center and Tech Impact For Critical Needs and Workforce Development
Each nonprofit to receive training for leaders and $200,000 in flexible funding
The Bank of America Charitable Foundation has named People’s Emergency Center and Tech Impact as recipients of its 2013 Neighborhood Builders® award.
The program is a strategic investment that couples leadership training with a $200,000 unrestricted grant for high-performing nonprofits that have made a significant impact addressing needs related to community development, critical needs or workforce development and education. Nonprofit leaders gain valuable skills and apply funding where it is most needed for maximum local impact.
"We recognize the important role People’s Emergency Center and Tech Impact play in making our community stronger by creating better lives for many Philadelphians,” said Tom Woodward, Pennsylvania president, Bank of America. "The Neighborhood Builders leadership training and funding will deepen their impact today and sustain their mission and services over time.”
People’s Emergency Center (PEC) strives to nurture families, strengthen neighborhoods and drive change in West Philadelphia. PEC takes a comprehensive approach to tackling homelessness and provides 240 units of housing to families in crisis. PEC also operates four skills-based education centers that offer assistance with employment training, parenting and early childhood education and life skills. Over the past 40 years, PEC has helped 8,000 people and revitalized 141 blighted properties in West Philadelphia through $60 million in real estate investment.
Tech Impact helps nonprofit organizations use technology to better serve the community. Tech Impact runs IT Works, an education and workplace readiness program for vulnerable young adults. The program matches well-trained adults aged 18-24 with a nonprofit for a five-week internship that improves the capacity of the organizations and grows the skills of the young adult. In the last decade, Tech Impact has transformed the lives of at-risk young adults, helped 730 organizations and enabled the donation of $22 million in technology services, software and hardware to the community.
According to the Bridgespan Group, Neighborhood Builders is the largest investment in nonprofit leadership development, 2.5 times the next largest program (in spending) and the third largest in number of leaders served. Through the program, now in its tenth year, Bank of America has invested $160 million in 800 nonprofit organizations and provided training to 1,600 nonprofit leaders.
Neighborhood Builders furthers the company’s broader philanthropic commitment to addressing core issues that are critical to the economic vitality of local economies, with a particular focus