Philabundance and Bank of America Partner to Fight Hunger for Record Impact in 2011

Bank of America Provides $200,000 in Unrestricted Funding and Over 1,000 Volunteer Hours

Philadelphia, Pa. – December 15, 2011 – Philabundance, the Philadelphia region’s largest hunger relief organization, and Bank of America are celebrating a year of continued partnership, including a $200,000 unrestricted grant and nearly 1,000 Bank of America employee volunteer hours  in 2011. Today marks the 12th and final volunteer event in 2011 at Philabundance, where over 50 Bank of America employees will once again be volunteering their time to pack  food for local community members in need.

“Bank of America’s support through both critical funding and employee volunteer efforts have a tremendous impact on Philabundance’s ability to combat hunger in the Philadelphia region,” said Bill Clark, president and executive director of Philabundance. “In 2011 alone, over 1,000 Bank of America employees have helped  sort and pack approximately 15 million pounds of food for almost 500 neighborhoods agencies that serve low-income families in the greater Philadelphia area.”

Bank of America also recently named Philabundance a 2011 Neighborhood Builder. Through the Neighborhood Excellence Initiative, Bank of America creates opportunities to strengthen and revitalize the local economy by providing local organizations $200,000 in unrestricted funding, as well as critical leadership training for its executive and an emerging leader.

“During these difficult economic times, we know that the challenges facing our communities are significant,” said Tom Woodward, Bank of America Philadelphia market president. “By partnering with great organizations like Philabundance, we are able to address critical issues such as hunger and food insecurity to help create positive change for members of our local community and our economy.”

Philabundance reduces hunger and food insecurity in the Philadelphia region by providing food access to people in need in partnership with organizations and individuals. There are more than 900,000 people in the Delaware Valley who are at risk for chronic hunger and food insecurity. Philabundance provides a full plate of services to close to 500 member agencies in 9 counties, who serve approximately 65,000 people per week and can provide 2 meals for one dollar.

In 2011, Bank of America employees have donated more than 35,000 volunteer hours to hunger-related nonprofits and are providing additional volunteer hours during the holiday season as part of the company’s pledge to donate 1.5 million employee volunteer hours in 2011.

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