BofA Expands Veteran Support with $350k Grant

Core Points - Bank of America (BofA) announced a $350,000 grant to American Corporate Partners (ACP) to support 250 mentorships for veterans and military spouses, celebrating America's 250th birthday [1] - The partnership aims to help veterans transition into civilian careers through one-on-one mentoring, emphasizing BofA's commitment to workforce development and economic growth [2] - Since 2018, nearly 200 BofA employees have participated in 400 mentorships, contributing to the hiring of veterans and military individuals [2] - ACP's mentorship program has supported nearly 40,000 veterans and spouses, with an average post-mentorship salary of $90,000 and an 80% retention rate [2] Company Initiatives - BofA has committed to hiring 10,000 more veterans and individuals with military backgrounds over the next five years, building on the 20,000 already hired since 2015 [2] - The bank has donated over 6,500 residential properties to support military service members and their families since 2012 [3] - BofA has a Military Support & Assistance Group with 43 chapters and over 22,000 members nationwide [3] ACP Overview - American Corporate Partners (ACP) is a nonprofit organization that connects experienced professionals with veterans and active-duty spouses seeking civilian careers [4] - ACP provides tailored mentorship, networking opportunities, and online resources to combat underemployment and empower individuals [4]