MIAMI, FLA. (June 24, 2016) – The Women of Tomorrow Mentor & Scholarship Program announced today that it has been named a recipient of The Bank of America Charitable Foundation’s 2016 Workforce Development and Education grant. The $10,500 grant is part of a more than $525,000 collective investment in support of workforce development and education programs across South Florida.
The Women of Tomorrow Mentor & Scholarship Program is designed to inspire, motivate and empower at-risk young women to live up to their full potential through a unique mentoring program with highly accomplished professional women and scholarship opportunities. Women of Tomorrow currently mentors approximately 2300 students in 114 public high schools in South Florida with a network of hundreds of highly accomplished professional women. Bank of America’s grant will help fund this life changing program that produces an impressive 95% high school graduation rate among an at-risk population.
For years, Bank of America has invested in South Florida’s workforce development and education infrastructure, helping individuals and families build better money habits and find pathways out of poverty. In addition, the grant provides small businesses with technical assistance and support to help them thrive. This year alone in Miami-Dade County, the grants will impact 89,338 individuals.
“Women of Tomorrow is thrilled to have this important partnership with Bank of America as a catalyst for positive change in our community. By getting at-risk kids to graduate from high school and providing access to higher education we are building our communities workforce and
closing the wage gap in Miami-Dade. Our partnership with Bank of America provides the necessary financial resources to equip those we serve and make a true impact on our community.” said Women of Tomorrow President & Founder, Jennifer Valoppi.
About Women of Tomorrow Mentor & Scholarship Program
Women of Tomorrow was conceived in 1997 by Television Journalist Jennifer Valoppi and co-founded with Don Browne, retired Telemundo Network President. The Women of Tomorrow Mentor & Scholarship Program is designed to inspire, motivate and empower at-risk young women to live up to their full potential through a unique mentoring program with highly accomplished professional women and scholarship opportunities. Women of Tomorrow currently mentors approximately 3,500 at-risk girls in 193 public high schools in South Florida, Metropolitan Detroit and Greater Philadelphia with its network of over 550 Mentors. Research shows that Women of Tomorrow Mentees have increased self-esteem, a 93% high school graduation rate, and increased academic performance each year they are in the program, to a statistically significant degree. Women of Tomorrow has awarded over $5.1 million in college scholarships to more than 1,800 mentees.
The Women of Tomorrow Mentor & Scholarship Program has been recognized on the floor of U.S. Congress 8 times and has been ranked a 4-Star Charity by Charity Navigator for three consecutive years, an achievement reached by only 12% of the more than 7,000 charities rated nationally.
For more information, call 305.371.3330 or visit www.womenoftomorrow.org.
Bank of America Corporate Social Responsibility
At Bank of America, corporate social responsibility (CSR) is critical to fulfilling our core purpose of making people’s financial lives better. A commitment to growing our business responsibly is embedded in every aspect of our company, from our policies and practices to our services, products, governance and employee benefits. An important part of that commitment is forming strong partnerships across sectors, including nonprofit organizations serving community needs, bringing our collective networks and expertise to achieve greater impact. We’re proud of our employees’ volunteer efforts, support of diversity and inclusion, and environmental and social responsibility. Across our company, we’re focused on simplifying banking and investing, advancing better money habits and making an impact in communities around the world. Learn more at www.bankofamerica.com/about and follow us on Twitter at @BankofAmerica.