Grants for “nuts and bolts” support are much appreciated
When one works in a nonprofit, a great deal of time is spent writing proposals, asking for money for certain projects, and keeping everything running. This is why HEART thanks the Bank of America Foundation for supporting HEART with an unrestricted grant of $10,000 this year for operations.
It takes money to run and promote programs and operate our small office in South San Francisco, and because the Foundation gives HEART the flexibility to fund our administrative and communications costs, we can provide outstanding programs as an affordable housing community loan fund. We thank Bank of America Foundation for supporting the “nuts and bolts” of funding “bricks and mortar” projects. The metaphors and nonprofit buzz words, of course, are free. We also thank the Foundation for their unrestricted support of $40,000 to date.
Foundation representative Gail Mohr presented a check to Board Chair Jack Matthews at HEART’s board meeting on January 23, 2013. The grant is part of the Bank of America Charitable Foundation’s national commitment of $22 million to nonprofits that build and rehab affordable housing, offer foreclosure prevention services and homeowner counseling, and provide other services intended to revitalize neighborhoods and help working families find and keep suitable homes.
Grants have been awarded to more than 650 national and local community nonprofits in 34 states and it is estimated that this funding will benefit more than 31 million people, providing nearly 8,000 new affordable housing units and rehabbing over 11,000 units.
Bank of America believes strongly in the work that HEART is doing in our community and is proud to be a partner. We appreciate their investment in HEART.