Bank of America Commits $250,000 to Kennedy Krieger Institute

July 11, 2000
Funds to benefit Kennedy Krieger School Career and Technology Center

BALTIMORE, MD - The Bank of America Foundation has made a $250,000 commitment to Kennedy Krieger Institute's capital campaign to benefit the Kennedy Krieger School Career and Technology Center, the Institute's new high school. Opened in September 1999, the high school is a national model of a school-to-work program focused on career preparation for adolescents with special needs. The goal of the school is to empower students to work toward economic independence by teaching them skills necessary for success in the workplace.

The generous contribution by the Bank of America Foundation is directed toward the high school's financial and consumer services program focusing on retail operations, customer service and entrepreneurial enterprises within the financial industry. This program teaches students the skills necessary to gain employment in the financial sector. Students participating in this program will work in a student-run banking center to give them an opportunity for hands-on experience. In addition, all the high school students will learn personal financial skills such as balancing a checkbook and money management.

For more than 20 years, Bank of America has been a loyal supporter of Kennedy Krieger Institute. In addition to the capital campaign contribution, Bank of America is a sponsor of both the Festival of Trees and the Great Baltimore Bike Tour.

"We are delighted to be able to provide support for the capital campaign and the new high school," said William Couper, president, Bank of America Greater Baltimore. "This unique program will help these young people to realize their dreams of economic and social independence by preparing them for meaningful employment. We are partnering in this effort because we believe education is the very cornerstone of not only personal growth, but economic growth for all communities. Our support will go a long way toward ensuring the life-long success of students at the Kennedy Krieger Institute."

"Kennedy Krieger Institute is very grateful to the Bank of America Foundation for their continued support of our programs and services," said Gary W. Goldstein, M.D., president, Kennedy Krieger Institute. "This generous gift will allow the Institute to educate students with neurological disorders, providing them with the necessary skills to achieve their individual potential and participate as fully as possible in family and community life. The Institute extends its thanks to the Bank of America Foundation for providing such a solid foundation to the high school and the financial industry cluster."

The Bank of America Foundation directs charitable giving on behalf of Bank of America Corporation. The Bank of America Foundation contributes financial assistance to nonprofit institutions that enhance the quality of life and promote public interest where the company conducts its business. Grants are distributed in four main categories, including education, health and human services, community development, and arts and culture. More than thirty-five percent of the Bank of America Foundation budget is granted for educational initiatives and programs.

Bank of America, with $656 billion in assets, is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to 30 million households and two million businesses, as well as providing international corporate financial services for business transactions in 190 countries. The company's stock (ticker: BAC) is listed on the New York, Pacific, and London stock exchanges, and certain shares are listed on the Tokyo Stock Exchange.

The Kennedy Krieger Institute is dedicated to helping children and adolescents with disabilities resulting from disorders of the brain achieve their potential and participate as fully as possible in family, community and school life. Kennedy Krieger's capital campaign, Realizing Potential, is a three-year, fund-raising initiative to raise $50 million for research, education, and patient care. For more information about the Institute, visit www.kennedykrieger.org.

Media Contact Inquiries:

Dorothy Fuchs, (410) 243-3790
Julie Lincoln, (443) 923-7334 or (443) 742-0770