Bank of America Commits $1.35 Million in Grants to Support Mental Health Initiatives for Young People of Color

(Image: iStock/SDI Productions)

Bank of America today announced that it is providing $1.35 million in grants to support mental health initiatives for young people of color. Funding will be distributed to three national organizations, One Mind, RADical Hope and the National Alliance on Mental Illness (NAMI), to expand mental health resources for communities of color.

While rates of mental illness among young people of color are similar with those of the general population, vast disparities exist in terms of access to mental health services and quality of care.

  • Mental illness affects 1 in 4 Black and Hispanic-Latino adults and is the second leading cause for school dropouts.
  • Because 80% of chronic mental health issues start in childhood and suicide is the second leading cause of death among people aged 10-34 in the U.S.
  • Increasing access to mental health services and culturally competent resources for young people of color is critical to saving lives.

“In particular, young people of color have disproportionately been affected by stressors related to the economic and health-related impacts of the past year,” said Kerry Sullivan, president of the Bank of America Charitable Foundation. “By partnering with strategic national nonprofits making headway in four key areas — research, awareness, education, and action — we can help address issues from social isolation to grief, and financial stress to discrimination-related trauma.”

Bank of America’s $1.35 million commitment will support the following mental health initiatives:

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SOURCE: Black Enterprise

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