Press Release for Tuesday, May 7, 2002

Bank of America donates $175,000 to UNF

JACKSONVILLE -- The University of North Florida received a $175,000 donation today from the Bank of America to establish need/merit-based scholarships. The funds are part of a $1 million commitment Bank of America has made to higher education in Florida.

“I want to thank Bank of America for this generous gift,” said UNF President Anne Hopkins. “These scholarships enhance Bank of America’s well-earned reputation for supporting higher education. I certainly appreciate and value their continued support of this University.”

UNF is one of 10 state universities to benefit from the money. The state of Florida added $750,000 to the gift to establish the Bank of America Endowed Scholarship Fund. The funds were held by the Florida Board of Regents Foundation between 1999 and 2001. Under the state’s new Florida Board of Education, the money is being reallocated equally to the 10 state universities that existed in Florida in 1999.

“Helping children and young adults succeed, from early-childhood school readiness programs through college scholarships, is our top philanthropic priority at Bank of America,” said Cecil “Mac” Holley, Bank of America president for Northeast Florida. “We understand that providing educational opportunities at all levels will have a lasting impact on Florida’s future. We’re proud to continue our long-standing partnership with UNF.”

The Bank of America Foundation seeks to make educational opportunities available for students of all ages. The bank has demonstrated its commitment to helping children succeed by supporting causes like the $50 million, five-year grant to United Way’s Success by Six initiative and its founding corporate partnership with Take Stock in Children.

The Bank of America Foundation directs charitable giving on behalf of Bank of America. The Bank of America Foundation provides grants to nonprofit partners who use creativity and imagination to help America’s children succeed in life, neighborhoods flourish and communities prosper.