BofA names United Veterans Beacon House 2024 Neighborhood Builder

New Program for Veterans funded

Posted 1/23/25

More than 80,000 veterans live on Long Island, and Suffolk County is home to the largest population of veterans in New York State. United Veterans Beacon House (UVBH) is Long Island’s largest …

This item is available in full to subscribers.

Please log in to continue

E-mail
Password
Log in

BofA names United Veterans Beacon House 2024 Neighborhood Builder

New Program for Veterans funded

Posted

More than 80,000 veterans live on Long Island, and Suffolk County is home to the largest population of veterans in New York State. United Veterans Beacon House (UVBH) is Long Island’s largest provider of housing and assistance for veterans and is dedicated to breaking the cycle of homelessness across the island. Beacon House  announced that it is a 2024 Bank of America Long Island Neighborhood Builder awardee and will receive $200,000 in flexible funding.

A separate $100,000 Bank of America grant will fund the launch of the Unmet Needs Program, a new offering for Long Island veterans.

“We are thrilled and humbled by Bank of America’s support of United Veterans Beacon House—and the veterans we serve,” says Frank Amalfitano, UVBH president/CEO. “Bank of America’s generosity illustrates its belief both in our mission and in our determination to fulfill our promises to Long Island’s veterans—namely, that we will assist any veteran with any need at any time.”

Bank of America’s signature Neighborhood Builders® program provides multiyear flexible grant funding annually to two high-impact nonprofits in nearly 100 communities nationwide. This year’s Long Island Neighborhood Builders are Beacon House and Long Island Children’s Museum. Both organizations will receive a $200,000 grant over two years, comprehensive leadership training for the organization’s chief executive officer and an emerging leader, and access to a national network of nonprofit peers.

Neighborhood Builders’ flexible funding will help Beacon House enhance and upgrade the agency’s technology, enabling the organization to provide streamlined services and afford employees even more time to dedicate to veterans and programs.

An additional Bank of America grant will fully fund the launch of Beacon House’s Unmet Needs Program, which will enable the agency to expand its outreach efforts and services to veterans that currently fall outside of the agency’s scope of services.

“United Veterans Beacon House provides critical housing services and wraparound support for our community’s veterans,” said Marc Perez, president, Bank of America Long Island. “Providing United Veterans Beacon House with flexible funding and leadership training will help the organization keep preparing for long-term success as well as meet the immediate and future needs of veterans. We look forward to seeing them continue to thrive as they launch the Unmet Needs Program.”

Bank of America has invested over $340 million into nearly 2,000 nonprofits and helped more than 4,000 nonprofit leaders strengthen their leadership skills through the nationwide Neighborhood Builders program since 2004. The neighborhood Builders invitation-only program is highly competitive. Nonprofits are selected by a committee comprising community leaders and past Neighborhood Builders awardees.

There have been 40 nonprofits selected as Neighborhood Builders on Long Island since 2005 and Bank of America has invested $8 million in these local nonprofits.

Past New York City Neighborhood Builders include: New Ground, Girls Inc. of Long Island, The Safe Center, and Wyandanch Homes and Property Development Corporation.

United Veterans Beacon House

United Veterans Beacon House is a Long Island 501 (c)(3) nonprofit organization founded in 1994 that is committed to serving homeless and at-risk U.S veterans and veteran families. The agency fulfills its mission by providing emergency, temporary and permanent housing and specialized supportive services to veterans in need. As the premier provider of veterans housing, Beacon House has grown to manage 56 housing locations throughout Nassau and Suffolk counties, providing a safe haven to more than 600 veteran residents annually. With a passionate commitment, Beacon House provides our veterans with the necessary coping skills for their successful return to independent living. Since its inception in 1994 the agency has positively impacted the lives of more than 30,500 veterans. For more information visit www.uvbh.org.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers,approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). 

Comments

No comments on this item Please log in to comment by clicking here