GreenLight Fund Atlanta Receives Grant from BofA
Tuesday, August 27th, 2024
Bank of America has renewed its commitment to GreenLight Fund Atlanta, enhancing its support for the organization's impactful work in the metro Atlanta community. As one of 50+ founding Fund I investors, Bank of America has been instrumental in the launch and success of GreenLight Fund Atlanta since its inception in 2019. To date, GreenLight Atlanta has invested in bringing four evidence-based social innovations to Atlanta to address community-identified unmet needs yielding measurable results. With this renewed and increased commitment to Fund II, Bank of America reaffirms its role as a strong partner in driving community-driven change in Atlanta.
GreenLight Fund Atlanta has invested $2.4 million to date, reaching over 75,000 people in metro Atlanta this year alone with much needed programs and building strong, diverse community partnerships for immediate as well as sustainable, long-term impact. To date, the portfolio of social innovations, selected in partnership with the community, include:
Center for Employment Opportunities (CEO): Launched in 2021, CEO provides comprehensive employment services to individuals recently released from incarceration to support building career capital and financial stability with a focus on reducing recidivism.
The Literacy Lab’s Leading Men Fellowship: Launched in 2022, Leading Men Fellowship offers high-dosage early literacy interventions for pre-K students and introduces young men of color to the field of education, diversifying the educator pipeline.
Inner Explorer: Launched in 2023, Inner Explorer provides daily audio-guided mindfulness practices for students and teachers, improving their mental well-being, school culture, and academic outcomes.
Capital Good Fund: Launched in 2024, Capital Good Fund is a nonprofit, U.S. Treasury-certified Community Development Financial Institution (“CDFI”) offering equitable small-dollar loans to low-wealth families for a variety of essential needs while mitigating predatory lending and building credit.
“We are incredibly grateful for Bank of America’s continued support of GreenLight Fund Atlanta,” said Joli Cooper, Executive Director, GreenLight Atlanta. “Their investment and partnership has been key to enabling us to address pressing needs identified by our community with effective models. This generous grant enables us to expand our impact and continue addressing critical unmet needs in metro Atlanta.
As a founding national investor in GreenLight Fund, Bank of America has helped the organization grow from one city in 2004 to 13 cities today.
"Our partnership with GreenLight Fund aligns with our dedication to fostering community-driven change and addressing critical needs in metro Atlanta,” said Al McRae, president, Bank of America Atlanta.
“By supporting innovative programs like those in GreenLight Fund Atlanta’s portfolio, we are helping to create sustainable, positive impacts in our community."