Bank of America Provides Support for WakeMed’s COVID-19 Efforts
May 5, 2020
RALEIGH, N.C. (May 5, 2020) – Amid a tremendous outpouring of support for the WakeMed Foundation to assist with urgent needs as WakeMed responds to COVID-19, the Foundation has received a grant from Bank of America to further advance response efforts in the Raleigh community and beyond.
Bank of America’s $100,000 grant to the WakeMed Foundation will help expand immediate access to mobile testing and support the WakeMed’s Employee Assistance Fund. The Fund was established to provide financial resources for members of the WakeMed family – employees directly impacted by COVID-19 – including childcare services or support following a spouse or partner’s loss of work, among other critical financial needs.
The WakeMed Foundation’s COVID-19 response efforts focus on the areas of greatest needs in the region, including: increasing testing capacity for the community and healthcare workers; increasing homeless shelters’ access to telemedicine; providing resources to patients and families in crisis; and providing financial resources to healthcare workers experiencing hardship due to COVID-19.
“This support from Bank of America will make an incredible impact on the driving force behind WakeMed – our employees,” said Brad Davis, executive director of the WakeMed Foundation. “We are incredibly grateful for this gift and the community’s unwavering compassion during these challenging times.”
“As we collectively navigate this time of increased need, we recognize that the private sector can play a pivotal role in helping our communities,” said Kari Stoltz, Triangle Market President for Bank of America. “We are dedicated to supporting the WakeMed healthcare workers who are at the forefront of the coronavirus response, as well as WakeMed’s innovative solutions for expanding testing and other urgent programs to aid the Triangle community.”
With seven emergency departments and three hospitals throughout the region, WakeMed is playing a significant role in our community’s response to the COVID-19 outbreak. Our community’s generous support allows WakeMed to continue to care for those who need us, while protecting the safety and well-being of our patients and staff.
About WakeMed Health & Hospitals
Serving the community since 1961, WakeMed is a not-for-profit health care system founded and based in Raleigh, N.C. WakeMed exists to improve the health and well-being of our community by providing outstanding and compassionate care to all.
WakeMed’s 941-bed system comprises a network of facilities throughout the Triangle area, including three full-service hospitals, seven emergency departments, a dedicated Children’s Hospital and Rehabilitation Hospital, more than 80 physician offices and Wake County’s only Level I Trauma Center. WakeMed’s mission-driven team includes more than 9,700 employees, 1,500 volunteers, 1,300 affiliated physicians and 525 employed physicians, representing the best minds and the biggest hearts and the finest quality in health care and community health.
For more information, visit wakemed.org.
About Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
Bank of America has delivered more than $2 billion in philanthropic investments since 2009, with approximately $250 million in 2019 alone. In April 2019, the company announced a $5 billion Bank of America Community Homeownership Commitment™ to benefit low- and moderate-income homebuyers and communities across the U.S. over the next five years. Also in 2019, Bank of America Community Development Banking provided a record $4.88 billion in loans, tax credit equity investments and other real estate development solutions. Between 2005 and 2019, Bank of America financed 202,800 affordable housing units. To meet the unique needs of its 12 million small business owners, the company provides advice, solutions and dedicated support. Bank of America maintained its position as the nation’s top small business lender at the end of 2019, with $38.9 billion in total outstanding small business loan balances (defined as business loans in original amounts of $1 million and under), up 7% year over year.
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