Last week Bank of America presented the Riverside Community College District Foundation (Foundation) a $25,000 grant award. The funding is intended to assist with economic mobility for individuals and families and help put them on a path toward financial stability. The Foundation will use the grant dollars to support an initiative to increase the number of historically underrepresented populations—women, Veterans, foster youth as well as individuals with disabilities interested in pursuing a career in a STEM (science, technology, engineering, math) field. “Bank of America has been a strong corporate partner to the Riverside Community College District (RCCD) for over twenty years,” said Launa Wilson, Executive Director, RCCD Foundation. “The RCCD Foundation staff and board of directors are grateful for this generous grant supporting a major District initiative that will make a significant impact throughout our region.” In all, Bank of America awarded $500,000 in grants to 49 Inland Empire nonprofits. Despite the region’s recent growth in economic standards, the Inland Empire is in desperate need of greater job diversity in order to lift wages and close a fast-growing income gap, noting over half, 54 percent, of the region’s jobs being “neither good nor promising, meaning they provide insufficient pay or benefits and no viable career pathway to good jobs,” according to a report from the Brookings Institute. All 49 nonprofits who received grants were asked to address two key factors. Firstly, improving financial stability for basic needs such as access to food, shelter and health services, and secondly, access to educational and workforce development services that either give young adults pathways to employment or provide additional opportunities for people to launch or rebuild their careers for better-paying work.
Header Photo: Lt to Rt. Ted Cooper, RCCD Foundation Board Secretary, Al Arguello, Inland Empire Market President at Bank of America, Launa Wilson, RCCD Foundation Executive Director, Judy Horan, RCCD Foundation Board President, Dennis Brandt, RCCD Foundation Board Member, Cathy Paredes, Vice President & Community Relations Manager at Bank of America.