Two D.C.-area nonprofits have been named Bank of America Neighborhood Builders for their long-term commitments to improving the economic mobility of families throughout the region.
Martha’s Table, a charity that provides food and education programs for needy children and families, and Capital Area Asset Builders, which aims to help low- and moderate-income Black and brown families attain financial stability and long-term wealth, each will receive a $200,000 grant in addition to leadership training, collaboration opportunities with a nationwide network of peer organizations and access to capital for further expansion of their social impact, Bank of America said.
“Martha’s Table is legendary in our area for keeping kids nourished and educated. CAAB has a great history of helping families build wealth that lasts for generations,” said Larry Di Rita, president of Bank of America’s greater Washington, D.C. market. “Martha’s Table and CAAB are at the forefront in the DMV at helping many of our neighbors get through some challenging times.”
Now in its 17th year, Bank of America’s Neighborhood Builders program has partnered with 34 Washington-area nonprofits since 2004, providing $6,800,000 in grant funding.