Bank of America Gives Over Half a Million Dollars to Strengthen Austin’s Talent Pipeline
Press Release Provided by Bank of America: BofA Announces Breakthrough, Capital IDEA and Ƶ Alum, Geronimo Rodriguez, as its 2024 Neighborhood Builders
AUSTIN, TX – Bank of America today announced $600,000 in grants to local nonprofits to strengthen Austin’s workforce and help more people earn living-wage jobs in the city. This investment addresses a critical need by providing $200,000 each to Breakthrough, Capital Idea and Ƶ to help families across Central Texas build generational wealth through higher education, skills development and job training.
BofA named Capital IDEA and Breakthrough as its 2024 Neighborhood Builders for their work to bridge the gap between education and workforce needs in Austin. Additionally, Geronimo Rodriguez is one of five recipients nationwide to receive a special Neighborhood Builders award for his ability to break down barriers, his life-long accomplishments in education and ongoing dedication to creating opportunities in innovative and sustainable ways. As part of his award, Rodriguez has selected Ƶ as the recipient of grant funding.
Bank of America’s signature program continues to be one of the nation’s largest philanthropic investments into nonprofit leadership development, while providing unique multiyear flexible grant funding annually to high-impact nonprofits in nearly 100 communities nationwide. In addition to the grant, the three nonprofits will receive comprehensive leadership training, and access to a national network of nonprofit peers.
“Breakthrough, Capital IDEA and St. Edward’s are improving lives in transformational ways through their unique and innovative education programs that support students and their families throughout their journeys, helping them be that much more successful in achieving their goals,” said David Bader, Bank of America Austin president. “Our team at Bank of America is honored to recognize, celebrate and empower these three organizations for their work to break down barriers and uplift the importance of education.”
A proud graduate of the St. Edward’s, Geronimo Rodriguez serves as Chief Advocacy Officer at Ascension Texas and credits the University and its CAMP program for equipping him with the skills he needed to build a successful career. As the only school in Central Texas that provides tuition, room, and board for the children of seasonal farmworkers, Ƶ is a proven and effective pipeline for low-income, first-generation students into leadership opportunities in Central Texas. Funds awarded from the Neighborhood Builders grant will be used to provide general operating support to St. Edward's.
“I am honored to receive this recognition and more importantly, excited to open more doors of opportunity at Ƶ for others who share my similar background and experience,” said Geronimo Rodriguez, Chief Advocacy Officer, Ascension Texas. “The CAMP program embodies three principles that framed my life experience: equal citizenship, equal opportunity and rewarding hard work.”
"This grant from Bank of America strengthens our university’s steadfast dedication to delivering personalized, high-quality education and transformative experiences for all students — preparing them with the knowledge and skills needed to thrive on the hilltop and beyond,” said Ƶ President Montserrat Fuentes. “I am deeply grateful for the advocacy and friendship of our alumnus and valued University Trustee, Geronimo Rodriguez ’90. His success and service exemplify the impact of intentional, transformative higher education for everyone.”
Breakthrough creates a path to and through college for students who will become the first in their families to earn a college degree. The bank’s funding will help sustain and grow the Schoolwide Postsecondary Advising Program, which provides junior and senior high school students with advising services to guide them in career plans beyond high school graduation to attain the relevant credentials, certificate or diploma to secure a livable job in the workforce.
"We are grateful for the grant and investment in leadership development both for myself and our Director of College Access, Christi Almeida. In 2011, we received the Neighborhood Builders grant and at that time I was the Emerging Leader from our team. Since then, we have grown from serving a little over 500 students to supporting more than 3,500 on their path to postsecondary success and have established new programs to address the growing needs in our community. Now as Executive Director, I am elated to continue my own professional journey and see this program fuel Christi's passionate service and leadership for first-generation students, education equity, and economic mobility in Central Texas," said Michael Griffith, Executive Director of Breakthrough.
Capital IDEA works with adults in poverty access the education they need to be placed into living-wage careers. The bank’s funding will support administrative and program staff salaries, including childcare support for low-income students with children 0-4 who need care while the student is in school. Additionally, funding will go towards expanding services in the rapidly growing suburbs of Austin, including Georgetown and Kyle.
“Bank of America’s Neighborhood Builders Program is instrumental in developing dynamic nonprofit leaders tackling our community’s most complex challenges. Capital IDEA is honored to be among the 100 high-impact nonprofits chosen nationwide as a 2024 Neighborhood Builders Program grant recipient,” said Alyssia Palacios Woods, Executive Director of Capital IDEA. “For the past 26 years, Capital IDEA has been fueling economic progress in low-income communities by helping our low-income students persist in their education, graduate, and obtain living-wage employment in a high-demand career. We look forward to the innovative ways we will amplify our impact thanks to the immense support from Bank of America.”
Neighborhood Builders is part of Bank of America’s longstanding efforts to build thriving communities by addressing issues fundamental to economic opportunity. The invitation-only program is highly competitive, with awardees selected by a committee comprised of community leaders and past awardees. Since 2004, 29 nonprofits have been selected as Neighborhood Builders in Austin, with the bank investing more than $5.8 million in philanthropic capital into these local nonprofits.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the and .
