Bank of America and George W. Bush Institute Announce Military Jobs Partnership

  Bank of America and George W. Bush Institute Announce Military Jobs

  Bank of America Charitable Foundation Commits $1 Million to Build Program
                  Focused on Economic Security for Veterans

Business Wire

CHARLOTTE, N.C. -- November 09, 2012

The Bank of America Charitable Foundation today announced a partnership with
the George W. Bush Institute through a $1 million grant to help fund the
Military Service Initiative (MSI), which unites the efforts of individuals,
businesses, nonprofits, and universities to find solutions to improve the
well-being and economic security of our veterans. The partnership aligns with
the company’s military hiring priority being led by the Military Affairs
Advisory Group, established earlier this year to assist with veterans’
post-service transition and integration. In addition, Bank of America has
recently invested $22 million in funding to nonprofits offering job training,
education programs and support services that help connect the unemployed,
underemployed, veterans, youth and those with disabilities with employment

“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.”

Bank of America’s funding for the MSI will support the Circles of Excellence
program. Launching later this year, the program will spotlight and support
organizations that fulfill the needs of veterans of Operation Enduring Freedom
and Operation Iraqi Freedom. The teams will be led by retired veterans, who
will spearhead teams to find or create successful programs that make the
greatest impact in the military community and establish a national leadership
model to support our nation’s heroes. They will work to improve the quality of
life for retired service members and their families through an increased focus
on health, wellness, education and economic prosperity. According to the U.S.
Department of Labor, 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.”

Bank of America has a strong history of supporting service members, veterans
and their families dating back more than 90 years. This year, the company
launched a Military Affairs Advisory Group to coordinate efforts to support
the military community through hiring, employee engagement, customer support
and community outreach. Nearly 6,000 military service members and veterans
work for the company, which has been recognized for its efforts to hire
veterans by G.I. Jobs magazine, Military Times EDGE magazine and the Employer
Support for the Guard and Reserve (ESGR). The company also offers specialized
mortgage support and programs for military customers and their families,
including a dedicated servicing unit. Through partnerships with nonprofit
organizations, Bank of America has also donated homes to injured service
members or families who have lost an active-duty loved one.

About the George W. Bush Institute
The George W. Bush Institute advances freedom through six areas of engagement:
education reform, global health, economic growth, human freedom, the women’s
initiative, and the military service initiative The Bush Institute is the
action-oriented policy arm of the George W. Bush Presidential Center, which
includes the Presidential museum and library, located on the campus of SMU in
Dallas. For more information, please visit, like us on and follow us at

Bank of America Corporate Social Responsibility
Bank of America’s commitment to corporate social responsibility (CSR) is a
strategic part of doing business globally. Our CSR efforts guide how we
operate in a socially, economically, financially and environmentally
responsible way across more than 100 markets around the world, to deliver for
shareholders, customers, clients and employees. Our goal is to help create
economically vibrant regions and communities through lending, investing and
giving. By partnering with our stakeholders, we create shared value that
empowers individuals and communities to thrive and contributes to the
long-term success of our business. We have several core areas of focus for our
CSR, including responsible business practices; environmental sustainability;
strengthening local communities with a focus on housing, hunger and jobs;
investing in global leadership development; and engaging through arts and
culture. Reaffirming a commitment to develop and sustain a culture of service,
bank employee volunteers contributed more than 1.5 million hours in 2011 to
enhance the quality of life in their communities worldwide. Learn more at and follow us on Twitter at @BofA_Community.

For more Bank of America news, visit the Bank of America newsroom.



Reporters May Contact:
Nicole Nastacie, Bank of America, 1.980.388.7252
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