The Bank of America Charitable Foundation has announced grants totaling more than $1 million to support paid summer internships for high school students at nonprofits in forty-five cities across the United States and London.
Awarded through BofA's Student Leaders program, the grants will help the organizations meet increased demand for their services while addressing the national problem of teen unemployment.
Eight-week internships will be awarded to 230 high school juniors and seniors who have demonstrated a commitment to community service. The goals of the program include fostering the development of the next generation of leaders who will work to create positive change, strengthening the capacity of nonprofits in communities served by the bank, and expanding BofA's efforts to create a culture of service that strengthens local communities.
In addition to the internships, the students will participate in a weeklong Bank of America Student Leadership Summit in Washington, D.C., where they will attend several Capitol Hill briefings and a series of interactive workshops on financial education, environmental sustainability, and nonprofit leadership.
"In communities across the country, teens are disproportionately affected by high unemployment rates," said Bank of America Charitable Foundation president Kerry Sullivan. "Our Student Leaders program helps civic-minded youth find paid employment while gaining valuable workforce skills that ultimately benefits the economic health of local communities. We view the Student Leaders program as an opportunity to engage young people in solving critical issues while also supporting nonprofits by providing valuable services to individuals and families in need."