Bank of America Awards $400,000 in Grants to Richmond Nonprofits
Bank of America has awarded $400,000 in grants to two Richmond nonprofits, Cristo Rey Richmond High School and CARITAS, to support their workforce development and work-study programs. The announcement coincided with a visit by a Bank of America executive who…
Richmond Petersburg, VA, November 5, 2026 — Bank of America has announced a significant philanthropic investment in the Richmond community, awarding a total of $400,000 in grants to two local nonprofits. The recipients, Cristo Rey Richmond High School and CARITAS, will utilize the funds to bolster their respective workforce development and work-study initiatives.
The grant distribution underscores Bank of America’s commitment to supporting programs aimed at enhancing educational opportunities and preparing individuals for the future workforce. The funds will directly contribute to the operational capacity of Cristo Rey Richmond High School and CARITAS, enabling them to expand their reach and impact within the Richmond area.
The announcement of the grants was accompanied by a visit from a Bank of America executive. During the visit, the executive engaged with STEM students at Cristo Rey Richmond High School, offering them career guidance. A particular focus of the discussion was the rapidly evolving field of artificial intelligence (AI), providing students with insights into potential future career paths in technology.
Cristo Rey Richmond High School is an educational institution that integrates academic rigor with real-world work experience for its students. CARITAS is also recognized for its work in supporting community members through various programs designed to foster self-sufficiency and career advancement.
The specific details regarding how the $400,000 will be allocated between the two organizations for their workforce development and work-study programs were not provided. Similarly, the identity of the Bank of America executive who visited the school was not disclosed.
These grants represent Bank of America’s ongoing efforts to invest in communities and support organizations that are working to address critical needs, such as job training and skill development.
Story summarized from the original created by GeNienne Samuels on www.wtvr.com, see more information here.
