Bank of America becomes the first corporate sponsor to invest in City Year teams in the US, UK and South Africa.
City Year and Bank of America announced today an expansion of their partnership to help students succeed in school and prepare young leaders for fulfilling careers in the United States, United Kingdom and South Africa.
The collaboration represents the first time a corporate sponsor is investing in teams in the three countries in which City Year operates, making it the first partnership of its kind in the organisation’s 30-year history.
Bank of America was the first corporate partner of City Year dating back to its inception in the USA in 1988 and has also been a longtime supporter of City Year UK, which serves students in London, the West Midlands and Greater Manchester. Starting in 2019, Bank of America Merrill Lynch, through the Bank of America Charitable Foundation, will also support the work of City Year South Africa, which operates in and around Johannesburg.
“City Year UK is honored to partner with Bank of America, who has supported us ever since our inception in 2010. Owing to this partnership we have been able to improve the outcomes of pupils from some of the most disadvantaged communities in the country, while also helping to nurture our volunteers to become the next generation of civic and business leaders.” said Kevin Munday, City Year UK’s Chief Executive. “Bank of America’s commitment to advance economic mobility through investments in education and workforce development aligns with the goals of City Year UK to help pupils and schools to succeed. We understand that when children and young adults thrive both in and out of school, we all benefit.”
Bank of America has donated more than $2 billion over the past 10 years to support critical economic and social issues including economic mobility, education, and workforce development efforts around the world.
“Bank of America’s long-standing partnership with City Year is rooted in our shared belief in the power of building young civic leaders,” said Kerry Sullivan, President of the Bank of America Charitable Foundation. “Helping young people build a trajectory for success is one way we advance economic and social progress in the communities we serve, and we’re thrilled to build upon this work through an expanded partnership with City Year in the U.S., U.K. and South Africa.”
In the U.S., City Year has partnered with Bank of America since 1988, when its predecessor institution Bank of Boston became a founding sponsor of City Year and was the first company to sponsor a City Year team. As a National Partner of City Year, Bank of America supports more than 15 City Year locations in the U.S. as well as City Year’s national development of high school after-school programming to further support students to be prepared to graduate with the knowledge and life skills to succeed at college and thrive in their chosen career.
In 2005, City Year expanded to South Africa with the support of former President Bill Clinton and late South African President Nelson Mandela. City Year South Africa engages young adults to serve high-need schools in Johannesburg, the country’s largest city. Funding from the Bank of America Charitable Foundation will support a new team of these tutors, mentors and role models who will serve full-time for 10 months at a school in Johannesburg’s Alexandra township, and later take part in an internship to gain critical workplace skills.
In 2010 City Year began serving in the UK. Here, Bank of America Merrill Lynch, through the Bank of America Charitable Foundation, sponsors a City Year team at a school in London and provides the charity with expertise and advice to help the volunteers pursue their career goals.
Bank of America recognises that schools worldwide confront similar challenges to ensure students achieve academically, develop their potential and master career-building skills, enabling them to contribute to resilient and dynamic communities.