Bank of America grants to Women & Infants Hospital and Crossroads total $1 million

Bank of America has announced a total of $1 million in grants to Women & Infants Hospital in Providence and Crossroads Rhode Island. This funding will help finance a new wing at Women & Infants Hospital providing 20 additional labor and delivery rooms and assist Crossroads in the development of nearly 300 new permanent supportive apartments for adults experiencing homelessness.

These $500,000 grants to each organization are the latest in a series of investments that Bank of America has made in Rhode Island. In 2024, Bank of America distributed $1.1 million in grants to Rhode Island nonprofits, and its employees contributed another $748,557 including a company match to various causes in the state.

Women & Infants Hospital is one of the nation’s leading specialty hospitals for women and newborns. While the existing labor and delivery suite has served patients well for more than 35 years, the hospital’s “Deliver our Future” Capital Campaign will finance a new, larger, technically advanced birthing wing delivering state-of-the-art care. With its grant, Bank of America will make a significant investment in the center of Providence that will contribute to more equitable health care for women and families.

“Bank of America’s generous support of Women & Infants Hospital is helping to shape a brighter, healthier future for our community, a benefit that will be felt for years to come,” said Shannon R. Sullivan, President and COO, Women & Infants Hospital. “This contribution is crucial to our mission of providing exceptional care and services to our patients and families. Thank you for helping make our vision a reality.”

Crossroads Rhode Island is the leading provider of housing and homeless services in Rhode Island. Its mission is to help homeless or at-risk individuals and families secure stable homes. Bank of America’s grant to Crossroads’ “Roads to Home” Capital Campaign will support the development of nearly 300 permanent supportive apartments for formerly homeless adults, including a first-of-its-kind health and housing building for medically vulnerable experiencing homelessness. When complete in 2027, the three-building development effort will significantly increase the number of safe and affordable permanent supportive apartments for unhoused adults with high needs.

Michelle M. Wilcox, President and CEO of Crossroads, noted: “As Rhode Island faces a housing and homelessness crisis, investing in long-term solutions has never been more essential. Bank of America’s generous contribution to our capital campaign empowers us to stay laser-focused on the long-term solution – developing housing designed to meet the needs of the state’s most vulnerable. Rhode Island’s housing community is strengthened by the support of large employers who continue to prioritize investments in our work.”

Kevin Tracy, President, Bank of America, Rhode Island, said: “This $1 million investment will improve the health and wellness of Rhode Islanders, which is a high priority for Bank of America. We admire the critical work done by our nonprofit community in providing solutions to local challenges, particularly Women & Infants Hospital and Crossroads Rhode Island. Supporting that work with these anchor grants strengthens our community and demonstrates our commitment to creating a better life for the people of Rhode Island.”

Since 2019, the bank has extended $8.7 million in grants and matching gifts to local Rhode Island nonprofits. The grants are part of Bank of America’s longstanding commitment to strengthen Rhode Island.  This includes an expansive financial center network, with 24 financial centers, the extension of $1.1 billion in commercial loans and $132 million in home and small business loans to help local clients achieve their financial goals.

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).