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Bank of America Charitable Foundation Seeks Nonprofits and Community Leaders Transforming Their Communities in Houston and Nationwide

$200 Million in Grant Support – More Than $400,000 in Houston Alone –
Available Through the Bank’s Neighborhood Excellence Initiative®

Applications Due June 1, 2011

The Bank of America Charitable Foundation has issued a call for applications for the Neighborhood Excellence Initiative, its signature philanthropic program that recognizes and rewards service and leadership by organizations, individuals and students in 44 U.S. cities and in London. Applications for the Neighborhood Builders® (nonprofit organizations) and Local Heroes (community leaders) categories of the program are due by June 1, 2011* and can be submitted online at www.bankofamerica.com/neighborhoodexcellence.

In 2011, Bank of America will honor, more than 90 Neighborhood Builders (two in each participating market) who work to strengthen the social and economic health of their neighborhoods. Each will receive $200,000 in unrestricted grant funding and participate in the bank’s strategic leadership training program. Also this year, the program will recognize more than 225 Local Heroes (five in each market) who champion causes vital to their local communities and inspire others to get involved through community service. Each recipient will direct a $5,000 contribution from the Bank of America Charitable Foundation to an eligible nonprofit of their choice.

By the end of 2011, Bank of America’s total commitment through the 8-year-old Neighborhood Excellence Initiative will exceed $150 million, and nearly 700 nonprofits organizations and nearly 3,400 community leaders and high school students will have been recognized for their service, achievements and leadership.

HOW:
Award recipients are chosen by local selection committees comprised of private, public and nonprofit sector leaders and chaired by local Bank of America executives in the 45 participating communities.

*Applications for the Student Leaders® category of the program, which honors more than 225 exemplary high school students (five in each market) with a passion for improving their neighborhoods, were due in January. Student Leaders recipients will be announced in the summer; Neighborhood Builders and Local Heroes, in the fall.

Bank of America Corporate Philanthropy
Building on a long-standing tradition of investing in the communities it serves, Bank of America is delivering on a 10-year goal to donate $2 billion to nonprofit organizations engaged in improving the health and vitality of their neighborhoods. Funded by Bank of America, the Bank of America Charitable Foundation gave more than $200 million in 2010, making the bank one of the largest corporate cash donors in the United States. As a global company doing business in more than 150 countries, Bank of America approaches investing through a national strategy under which it works with local leaders to identify and meet the most pressing needs of individual communities. Reaffirming a commitment to develop and sustain a culture of service, bank associate volunteers contributed more than one million hours in 2010 to enhance the quality of life in their communities worldwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation.

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