Bank of America announced today it is donating $450,000 toward creating jobs and developing businesses in San Francisco. The announcement includes honorary nods to two Mission-based non-profit groups and “local hero” Martha Ryan, a Mission resident, for exhibiting “leadership and proven community commitment.”
The money is being channeled through the Neighborhood Excellence Initiative, a national program aimed at bolstering local economies. Today’s donation brings the total amount the bank has contributed in San Francisco to $3.15 million.
The two groups receiving awards are Mission Economic Development Agency, which works to improve socio-economics through targeted investments, and New Door Ventures, a group that teaches job training and life skills to at-risk emancipated youths. Each will get $200,000.
Ryan and four other city residents are being awarded $5,000 apiece to donate to an organization of their choice. Ryan’s share is going to the Homeless Prenatal Program, which she founded in 1989 to give free prenatal care to pregnant women and create a support system to connect them to jobs, housing and education.
Ryan, with a background in nursing, also helped build public health programs for refugees in Somalia and Sudan, according to the announcement.
“Because of her hard work and commitment, thousands of families have found stability, giving hope to their children for brighter futures,” the announcement reads.
The other four recipients of the $5,000 grant are Sid Johnson of Hunters Point, Suzanne McDonnell-Giraudo of West Portal, Steve Rosston, and Raye Richardson of Fillmore.
The recipients were honored at an event this morning held at the city’s Asian Art Museum on Larkin Street in Civic Center Plaza.