Bank of America made a $1 billion, four-year commitment in June to advance racial equality and economic opportunity. The company is announcing its initial progress by directing one-third, or $300 million, to four key areas across 91 U.S. markets and globally.
Over the $300 million, the money will be spent this way: $25 million in support of jobs initiatives in Black and Hispanic/Latino communities, $25 million in support of community outreach and initiatives, $50 million in direct equity investments to Minority Depository Institutions....