Bank of America Corp. is contributing $1 million in educational grants to nonprofit organizations in Charlotte and is offering a series of programs that provide area students with NASCAR-themed curriculum and career opportunities.
The initiatives will help address the increasing educational achievement gap and high-school dropout rates in the Queen City and surrounding communities, plus showcase career opportunities available through NASCAR.
Communities in Schools, Central Piedmont Community College , Citizen Schools and Freedom School Partners are among the organizations receiving funding.
Charlotte-based BofA (NYSE:BAC) also will provide continued support for its NASCAR-related education program, Students at the Speedway, which highlights the importance of science, technology, engineering and math.
A NASCAR personality will lead a variety of activities for 100 middle-school students from Ranson Middle School, Martin Luther King Jr. Middle School, James Martin Middle School and Thomasboro K-8. On Sept. 28, the bank will sponsor a NASCAR career day at the NASCAR Hall of Fame for 500 students from 12 Charlotte high schools. A NASCAR-related internship for college students also will be expanded.
BofA is the chief sponsor of the Bank of America 500, scheduled for Oct. 15 at Charlotte Motor Speedway.
“Our continued support of NASCAR and the Bank of America 500 provides us with a powerful connection to the community, our heritage with racing and an opportunity to showcase the ways we are delivering value to our customers and fueling the continued growth and transformation of Charlotte and the region,” says Charles Bowman, BofA’s North Carolina and Charlotte market president.
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