#United States #Bank of America #YMCA #Pacific Palisades

Bank of America Supports YMCA Reconstruction Efforts

In a significant gesture of community support on the one-year anniversary of the devastating Los Angeles wildfires, Bank of America declared a generous $1 million grant to assist in the rebuilding of the Lowe Family YMCA. This facility, located in Pacific Palisades, served as a vital center for families and seniors in the Palisades-Malibu area before being completely destroyed in last year's tragic fires.

The $1 million grant from Bank of America marks the largest corporate contribution to the YMCA's $25 million capital campaign aimed at revitalizing this important community hub. The YMCA instituted this campaign to restore services for the many children, families, and individuals who relied on it for over 60 years. As part of the reconstruction efforts, groundbreaking is anticipated to take place this spring, introducing new facilities and expanded programs that cater to the diverse needs of local residents.

A Commitment to Community Resilience

Raul Anaya, President at Bank of America Greater Los Angeles, underscored the importance of this initiative by stating, "As we reflect on the overwhelming damage wrought by the wildfires, we also recognize the resilience of the communities impacted. The YMCA has played an integral role in providing support and services to the community, and we are proud to aid in its revitalization."

In the aftermath of the fire, the YMCA of Metropolitan Los Angeles acted quickly to support displaced families by offering emergency childcare, case management, and trauma-informed care to thousands of individuals affected by the disaster. Their ongoing efforts underscore the critical nature of having a permanent YMCA presence in the area, not only for recreation but for overall community well-being.

Expanding Services and Opportunities

The reconstruction plan will see the establishment of two resilient campuses: one on the original site on Via de la Paz and another at Simon Meadow. This dual-campus model will enhance programming in essential areas such as youth development, mental health services, and multigenerational engagement, fostering a sense of community and support for all.

In recognition of Bank of America's leading corporate donation, the new community room at the YMCA will bear the bank's name—a testament to their commitment to community service. In addition to this latest contribution, Bank of America has reportedly extended its philanthropic efforts in the fire recovery space to a total of $4.5 million.

Looking Toward the Future

The efforts made by Bank of America do not end with the YMCA grant. The bank is poised to invest an additional $10 million in interest-free loans to Community Development Financial Institutions (CDFIs) to further support residents and small businesses recovering from the wildfires. These initiatives, coupled with the rebuilding of financial centers in areas like Pacific Palisades and Altadena, signify a robust approach to restoring the local economy and ensuring the long-term well-being of its residents.

As the LA community continues its recovery journey, the YMCA remains dedicated to playing a pivotal role in rebuilding both its structures and the connections that define the neighborhood's spirit. For those who wish to contribute to this vital community effort, donations can be made through the YMCA's official websites.

Through these joint efforts, Bank of America and the YMCA of Metropolitan Los Angeles illustrate the power of corporate responsibility and community support, exemplifying that even in times of tragedy, unity and recovery are possible.

For more information on Bank of America's ongoing relief actions, visit BankofAmerica.com/LARebuild or to support the Lowe Family YMCA capital campaign, visit YMCALA.org/give.