Bank of America Boosts Charitable Spending
Charity News Online
Bank of America has increased its charitable donations in New England. When the North Carolina-based bank bought FleetBoston Financial two years ago, some feared that local nonprofit groups would lose out.
Instead, Bank of America increased New England giving to 15.2 million dollars in 2005 - an 18 percent increase over 2003, a Boston Globe review said. Donations in Massachusetts rose ten percent, to 9.3 million dollars.
The donations are significant because Fleet was one of the region's most generous businesses, funding groups such as the Museum of Fine Arts and the United Way, AP reported.
Bank of America, charity, donation
Charity News Online
Bank of America has increased its charitable donations in New England. When the North Carolina-based bank bought FleetBoston Financial two years ago, some feared that local nonprofit groups would lose out.
Instead, Bank of America increased New England giving to 15.2 million dollars in 2005 - an 18 percent increase over 2003, a Boston Globe review said. Donations in Massachusetts rose ten percent, to 9.3 million dollars.
The donations are significant because Fleet was one of the region's most generous businesses, funding groups such as the Museum of Fine Arts and the United Way, AP reported.
Bank of America, charity, donation
posted by Lisa Vronskaya at 2:56 PM
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