We’re building on our commitment to do more for racial equality and economic opportunity

This year, we’ve come together — as a company and across the world — with intensified passion for racial equality. We all know we need to do more, and we need to do more now. It’s not enough to say something. We must also do something. To help effect and sustain meaningful change, we know we must continue to remove barriers. This sense of urgency forms the foundation of Bank of America’s long-standing support for the people and communities we serve and is at the heart of our $1 billion, four-year commitment to accelerate work underway to help advance racial equality and economic opportunity. We’re also partnering with the Smithsonian through a $25 million commitment to its “Race, Community and Our Shared Future” program, and we’re one of the founding partners of iHeartMedia’s Black Information Network — the first and only 24/7 national audio service dedicated to providing news coverage with a Black voice and perspective. In addition, we spend over $2 billion annually with diverse suppliers. Within our company, our Black Executive Leadership Council includes more than 200 senior Black leaders who influence change and continue to promote diversity through recruiting and advancing diverse talent, and engaging our communities. Council members work closely with the 16,000+ teammates in our Black Professional Group to create visibility and opportunity for our Black talent through coaching, mentoring and networking across 31 chapters globally. To change the trajectories of underserved communities, strong collaboration by the public, private and nonprofit sectors is needed. We are proud to stand with the Executive Leadership Council and other members of the business community to continue defining our path ahead.

“Inclusion is everyone’s responsibility. We need a unified voice to drive accountability and progress. And when we do, those voices need to advocate for change, question the status quo, and hold us collectively responsible for breaking down systemic barriers necessary for true equality for all.”