Through a $1 million grant, the Bank of America Charitable Foundation is partnering with the George W. Bush Institute to help fund the Military Service Initiative (MSI), a program dedicated to improving the well-being and economic security of the nation’s veterans. The partnership supports the new military hiring priority, being led by the Military Affairs Advisory Group. It was designed to help with veterans’ post-service transition and integration.
“Military veterans have served us, and now it’s our turn to give back,” said Brian T. Moynihan, chief executive officer for Bank of America. “Helping build economic security for our veterans is just one of the ways we’re working to help reintegrate veterans and improve local economies across the country.”
The bank’s funding for the MSI will support the Circles of Excellence program, a retired veteran-led program that supports organizations fulfilling the needs of veterans of Operation Enduring Freedom and Operation Iraqi Freedom. Through an increased focus on health, wellness, education and economic prosperity, teams will focus on improving the quality of life for retired service members and their families.
Bank of America also recently invested $22 million in funding to nonprofits that offer job training, education programs and support services to help connect the country’s veterans, unemployed, underemployed, youth and disabled with employment opportunities. The U.S. Department of Labor reports that there are currently 833,000 veterans unemployed in the United States.
“We have a moral obligation to support our nation’s veterans,” said the Hon. Mark Langdale, president of the George W. Bush Foundation. “They leave home to do the work of patriots – and they lead lives of quiet dignity when they return. With the commitment of our partner Bank of America, we are sending a clear message: Thank you – and America honors your courage and sacrifice by strengthening a network of services to best support your needs.”