Bank of America Commits $250M to Address Hunger and Other Basic Needs for Families in Communities Around the Country

Core Insights - Bank of America has announced a $250 million commitment over the next five years to support families and individuals facing food insecurity and other basic needs across the U.S. [1] - The company will provide $5 million immediately to nearly 100 nonprofit organizations addressing urgent food needs [1][2] - Bank of America employees plan to volunteer over 100,000 hours by the end of the year to assist organizations focused on hunger relief [2] Company Overview - Bank of America is a leading financial institution serving individual consumers, small and middle-market businesses, and large corporations with a comprehensive range of financial products and services [3] - The company serves nearly 70 million clients in the U.S. through approximately 3,600 retail financial centers and around 15,000 ATMs [3] - Bank of America is a global leader in wealth management, corporate and investment banking, and trading across various asset classes [3]