LINCOLN, Neb.–(BUSINESS WIRE)–In partnership with the Arbor Day Foundation, Bank of America provided $250,000 to support community health and resilience grants to four local environmental organizations. This funding will support projects aimed at increasing environmental equity in several underserved neighborhoods and vulnerable communities in four cities across the country.
The organizations receiving the grant are the following environmental nonprofits:
Georgia: Atlanta Trees
California: Friends of the Urban Forest in San Francisco
Pennsylvania: The Pennsylvania Horticultural Society
Washington, DC: Casey Trees
“A well-established tree canopy is valuable to any community because it contributes to the natural beauty of the area and improves the general well-being of residents, protecting them from serious problems like excessive urban heat,” said Dan Lambe, Chief Executive of the Arbor Day Foundation. “The Community Resilience Grants Program helps empower local tree-planting organizations to unlock these and other life-saving benefits that trees provide to vulnerable populations.”
Bank of America is a longtime leader in supporting natural solutions to climate change and supporting underserved communities. This is the fourth grant Bank of America has made to the Arbor Day Foundation’s Community Resilience Grant Program. The program helps drive more green infrastructure projects, builds on sustainability efforts, and increases the resilience of urban communities most vulnerable to the effects of climate change.
“Trees are a cost-effective tool with multiple benefits, including carbon capture, reducing urban heat island effects, protecting against stormwater runoff, and purifying the air,” said Rich Brown. , director of the environmental program at Bank of America. “The Arbor Day Foundation program will support more sustainable, climate-resilient cities and bring the natural infrastructure of trees to some of our most vulnerable and socio-economically disadvantaged communities who are hardest hit by climate change. effects of climate change.
The projects will take place over a period of one year, with a primary focus on using trees and green infrastructure to bring environmental benefits to low- and middle-income urban communities to implement more tree planting projects. trees and green spaces. Studies have shown that a lack of access to nature can lead to physical and mental health problems caused by stress, heat, pollution, etc.
Project location details
In Georgia, trees will be planted in communities surrounding Atlanta, with an additional focus on developing community outreach operations in Clayton County and South Fulton.
Tree planting and distribution efforts in Pennsylvania will occur in areas of low tree cover found in predominantly Black and Hispanic communities located near the Schuylkill River in Montgomery County.
On the West Coast, distribution projects in underserved areas of San Francisco will incorporate a variety of environmental education and tree stewardship opportunities designed to improve community relations and limit the effects of local urban heat islands.
In the United States capital, Washington, DC, planting projects will take place in an area of the Oxon Run Park community, where a majority of families currently live below the poverty line and are at high risk for decades. increasingly frequent periods of Heating.
Today, many urban neighborhoods in low-income census tracts lack access to green spaces. This has had profound effects on residents’ well-being, as research has shown a positive correlation between a community’s access to nature and the health outcomes of community members. The more a community has access to natural elements, such as trees, green spaces and other vegetation, the better the community’s health outcomes. Additionally, trees provide a variety of environmental benefits that help protect communities, such as flood mitigation, improved air and water quality, and cooler temperatures that reduce pollution. local urban heat island effect.
Over the past 50 years, the Arbor Day Foundation has worked to plant nearly 500 million trees worldwide. Through a global network of partnerships, the Foundation facilitates projects that enable organizations of all sizes to achieve their environmental and sustainability goals through measurable and impactful work through trees and forests. The Foundation recently announced an initiative to plant 500 million trees over the next five years where trees are needed most.
Bank of America has provided the Arbor Day Foundation with $1 million in grants since 2018 and has supported the Foundation’s Time for Trees™ initiative as a member of its Evergreen Alliance. The initiative has succeeded in planting 100 million trees and engaging five million tree planters worldwide this year – which marks the 150th anniversary of Arbor Day. In 2020, the Arbor Day Foundation presented the bank with its Friend of the Forest award, which recognizes companies and their leaders for their commitment to using trees and forests to achieve corporate sustainability goals and targets. .
About the Arbor Day Foundation
Founded in 1972, the Arbor Day Foundation has grown to become the largest nonprofit organization dedicated to planting trees, with more than one million members, supporters and valued partners. Since 1972, nearly 500 million Arbor Day Foundation trees have been planted in neighborhoods, communities, cities and forests around the world. Our vision is to lead to a world where trees are used to solve problems essential to survival.
As one of the world’s largest operating conservation foundations, the Arbor Day Foundation, through its members, partners, and programs, educates and engages stakeholders and communities around the world to get involved. in its mission of planting, caring for and celebrating trees. More information is available at arborday.org.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individuals, small and medium-sized businesses, and large corporations with a full range of banking, investment, asset management, and banking products and services. other financial and risk management products and services. The Company offers unparalleled convenience in the United States, serving approximately 67 million retail and small business customers with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking services with approximately 55 million verified digital users . Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving businesses, governments, institutions and individuals worldwide. whole world. Bank of America provides industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves customers through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation (NYSE: BAC) shares are listed on the New York Stock Exchange.