Keep the Change™ savings program Money to help rebuild homes in Gulf States
Habitat for Humanity International will receive more than $600,000 from an innovative Bank of America campaign to help victims of hurricanes Katrina and Rita, officials of the organizations announced today.
AMERICUS, Ga.(Jan. 12, 2006) – Habitat for Humanity International will receive more than $600,000 from an innovative Bank of America campaign to help victims of hurricanes Katrina and Rita, officials of the organizations announced today.
The money will be used for Operation Home Delivery, which is building homes in Mobile County, Ala.; Lake Charles, Baton Rouge, Slidell and Thibodaux, La.; and soon in the New Orleans metropolitan area, with plans to expand into coastal Mississippi.
“Bank of America has been making a difference in people’s lives for some time,” said Mark Crozet, resource development director for Habitat for Humanity International. “With this gift, a number of families will help build new lives as they help build new homes. Bank of America is helping us build hope in and for the Gulf Coast.”
“We’re proud to be able to help Habitat for Humanity and victims of Hurricane Katrina,” said Diane Morais, Deposits and Debit Products executive at Bank of America. “Our associates and customers have really come through to help people in need.”
During its campaign for hurricane victims, Bank of America matched 5 percent of all savings resulting from its new Keep the Change program between Nov. 21 and Dec. 23. The total Bank of America donation to Habitat for Humanity is $602,766.
Keep the Change was launched in the fall of 2005. When a consumer signs up for Keep the Change, the amount of every purchase with a Bank of America debit card is automatically rounded up to the nearest whole dollar. At the end of the day, the amount is transferred from the customer’s checking account into the savings account.
With an unprecedented $1.5-billion charitable giving goal over 10 years, Bank of America is one of the world’s most generous corporate donors, a long-standing supporter of Habitat for Humanity and a large contributor to efforts to rebuild the Gulf Coast after Hurricane Katrina. In 2002, the bank committed to work with Habitat for Humanity to build 220 houses across the United States and internationally by the end of 2006, a commitment of approximately $10 million and the efforts of more than 20,000 Team Bank of America volunteers.
Since Hurricane Katrina, Bank of America and its associates have contributed more than $5 million to provide relief to victims and rebuild the Gulf States. The bank also has announced a $100 million Community Development Banking goal to rebuild affordable housing and revitalize neighborhoods in Gulf Coast areas devastated by this season’s hurricanes.
Habitat for Humanity International
Habitat for Humanity International, based in Americus, Ga., is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than one million people. For more information, visit www.habitat.org .
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.