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Bank of America Charitable Foundation donates $6 million to Habitat for Humanity International

Bank celebrates 20-year partnership and completion of McColl program

CHARLOTTE — The Bank of America Charitable Foundation today announced a $6 million donation to Habitat for Humanity International to increase the nonprofit’s capacity to provide quality, affordable housing for families worldwide. The funds will be used for general operating support as well as financing home construction and renovation for families around the world.

As part of Bank of America’s corporate giving program, the grant is being announced shortly after the company unveiled Bank of Opportunity™, the theme for its new brand positioning. The Habitat grant is one of several significant charitable donations the bank has announced to celebrate the power of opportunity.

On hand for the presentation were Habitat for Humanity International CEO Jonathan Reckford, former Bank of America Chairman and CEO Hugh McColl, Jr., Bank of America Charitable Foundation President Andrew Plepler, and Bank of America Chief Financial Officer Joe Price.

“Over the past five years, more than 20,000 Bank of America associates have volunteered their time and the bank has committed millions of dollars to provide hundreds of families a place to call home,” said Price. “I cannot think of a better way to celebrate opportunity than to honor the completion of the McColl program and renew our commitment to building homes in partnership with deserving families across the country.”

What began 20 years ago as a house sponsorship program has become an expanding and multifaceted partnership. Under McColl’s leadership at the bank, a commitment to Habitat turned the Jimmy Carter Work Project into a 14-house “blitz build” in Charlotte and the first worldwide House Raising Week. Bank of America has donated more than $10 million to Habitat for Humanity International since 2002. The corporation has given $850,000 to Operation Home Delivery, Habitat’s hurricane recovery project, and $200,000 to local affiliates to increase building capacity.

“With this gift, Bank of America is committing to grow our long-term partnership and further declares that poverty housing in our cities and our world is not acceptable,” said Jonathan Reckford, CEO, Habitat for Humanity International. “We’re grateful not only for the resources that will substantially impact our work, but also for the enthusiasm with which Bank of America leadership and employees everywhere continue to embrace our mission by volunteering, donating or otherwise furthering Habitat’s efforts in their communities.”

Habitat for Humanity is a global home-building movement comprising more than 2,300 local affiliates, state support organizations and national organizations in nearly 100 countries around the world, including all 50 states of the United States, the District of Columbia, Guam and Puerto Rico. Completing a home somewhere in the world every 21 minutes, Habitat for Humanity builds nearly 25,000 homes per year.

Since its founding in 1976, Habitat for Humanity has built and rehabilitated more than 225,000 houses with families in need, helping address the issues of poverty housing. The organization has provided more than 1 million people in more than 3,000 communities with safe, decent, affordable shelter.

Bank of America Corporate Philanthropy
Bank of America has embarked on an unprecedented 10-year goal to give $1.5 billion to nonprofit organizations engaged in improving the quality and vitality of their neighborhoods. The Bank of America Charitable Foundation will give more than $200 million in 2007, making the bank one of the most generous corporate donors in the world. Bank of America approaches giving through a national strategy called “neighborhood excellence” under which it works with local leaders to identify and meet the most pressing needs of individual communities. Through Team Bank of America, bank associate volunteers contribute more than 500,000 hours each year to improve the quality of life in their communities nationwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation.

Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in Americus, Ga., in 1976, Habitat has built more than 225,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org.