Mathews-Dickey Granted $200,000 as Bank of America Newest Neighborhood Builders®
Bank of America Invests In The Club to Advance Economic Mobility
“Organizations like Mathews-Dickey are key to addressing critical community needs and strengthening the economic health of St. Louis,” said Michael Lawrence, St. Louis Market President, Bank of America. “Neighborhood Builders is just one example of how we deploy capital in communities and build partnerships in order to advance economic and social progress — specifically helping our youth realize their full potential — as part of our approach to responsible growth.”
Support comes as part of the Bank’s efforts to help nonprofits grow more sustainably in order to build a thriving community
This afternoon, Mathews-Dickey Boys’ & Girls’ Club (MDBGC) was announced as one of Bank of America’s 2017 Neighborhood Builder®. MDBGC is being recognized for its work to ensure youth are engaged in activities that promote a healthy lifestyle, which in turn, contributes to economic and social progress in the St. Louis area. Through Neighborhood Builders, the bank provides nonprofits with a combination of leadership development (for the executive director and a developing leader in the organization), $200,000 in flexible funding, a network of peer organizations across the U.S. and the opportunity to access capital in order to expand their impact in the St. Louis community. You can read more about the honor in the St. Louis American‘s online newspaper.
Neighborhood Builder 2017 Announcement Ceremony
Building A Neighborhood, Changing A Nation
Mathews-Dickey Boys’ & Girls’ Club’s mission is to produce physically active, well-educated and hopeful youth. MDBGC works to identify gaps in predominately minority school districts in St. Louis, many of which have eliminated or substantially reduced athletic and arts programming, and targets these districts to promote youth and community development activities. MDBGC uses athletics and team building as its foundation to teach youth and target the pervasive academic achievement gap to reengage students into the educational process. From there, MDBGC’s formula – scholarship, athleticism and character equals greatness – comes into fruition.
The funds awarded to MDBGC will help the organization realize its capacity-building priorities, including the formation of collective impact alliances with fellow non-profits, scaling up to engage more St. Louis youth and leveraging data to implement more impactful, replicable programs. Specifically, MDBGC aims to formally develop Community Action Network partnerships focused on Scholarship, Athleticism and Character, double its membership from 3,000 to 6,000 over the next three years and formalize its model for replication and implementation through guidebooks, program management and curriculum.
“We are honored to be chosen as the 2017 Bank of America Neighborhood Builder in the St. Louis market,” said Wendell Covington, President & CEO, Mathews-Dickey Boys’ & Girls’ Club. “Through the grant and leadership development training provided by this award, our organization can provide greater support to our programs and positively impact more youth in St. Louis by stimulating their pursuit of knowledge, attainment of a healthier life and the skills for greatness.”
About Neighborhood Builders®
Since its inception in 2004, Neighborhood Builders has helped nonprofits in St. Louis scale and improve services and programs serving the community. These partnerships are part of the broader program, through which the bank has invested $220 million in nearly 1,000 nonprofits and nearly 2,000 nonprofit leaders across 45 U.S. communities. Neighborhood Builders is a signature demonstration of the bank’s efforts to build thriving communities by advancing economic mobility through a focus on workforce development, community development and basic needs. Through Neighborhood Builders, the bank has helped nonprofits create greater impact in communities and better prepare for the future by providing the tools and resources to develop stronger strategic plans, build cross-sector partnerships, and enhance funding opportunities.
The awardees are selected by a local market selection committee with representation by local community leaders from diverse sectors.
About Bank of America Environmental, Social and Governance
Bank of America is guided by a common purpose to help make financial lives better, through the power of every connection. They are delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across their eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace they create for employees, the responsible products and services they offer clients, and the impact they make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact.