Dave Casper speaking at a podium

BMO announces largest U.S. donation ever to the United Way of Metro Chicago’s Neighborhood Network


On October 21, BMO Harris Bank announced a $10 million donation to United Way of Metro Chicago at a press conference hosted by Chicago Mayor Lori Lightfoot in the city’s Austin neighborhood. This donation is the bank’s largest U.S. philanthropic donation ever and will support the United Way’s Neighborhood Network, an initiative designed to reduce economic disparity and create sustainable opportunities in 10 neighborhoods across Chicagoland.

“Economic opportunity and strong neighborhoods go hand in hand,” said Dave Casper, U.S. CEO. “As an institution with deep Chicago roots, we consider it our responsibility to boldly grow the good across the city and that includes building strong, resilient neighborhoods. BMO is proud to take a leadership role alongside United Way in encouraging other Chicago corporations and business leaders to also make meaningful commitments to strengthen these communities. We look forward to working with the entire City of Chicago to remove barriers to economic inclusion for all Chicagoans.”

In 2013, BMO was the cornerstone investor for the United Way’s Neighborhood Network initiative to create and implement break-through strategies to reduce economic disparity. Bringing together business leaders and community leaders, the Neighborhood Network strives to engage residents, build a greater sense of community, expand education and connect residents to workforce opportunities.

The latest donation will be heavily concentrated in the Austin neighborhood to help execute their community revitalization plan and to support programs, social service infrastructure and capital improvement. The remaining investment will be directed to build infrastructure and develop organizational capacity across United Way’s other Neighborhood Networks.

BMO has a long history of supporting sustainable development in communities across North America. Last fall, BMO Financial Group announced a $10 million donation to the United Way Greater Toronto to tackle economic disparity in the city.

This donation is another example of putting our purpose to Boldly Grow the Good in business and life into action by aligning with our Bold Commitments and using our resources and expertise to help build strong and resilient neighborhoods.

 



Related Insights



BMO Lights Fest BMO Harris donates $10,000 to Metropolitan Family Services in Chicago
Community giving

At BMO, we are driven by our Purpose to Boldly Grow the Good in business and life, and to honor that, we closed off 2019 by giving back with the help of our customers and community! During the holiday season, BMO asked community members to share a holiday message using the hashtag, #BMOLightsFest, on Twitter, Instagram […]

Food bank at Instituto del Progreso Latino Instituto del Progreso Latino pivots to keep their community safe
Community giving, Diversity and inclusion, Response

“What folks need right now is different than last month, and next month it will change again. So we keep listening and learning to understand how we can help,” says Karina Ayala-Bermejo, CEO of Instituto del Progreso Latino. “When we can respond right away to the needs of our community, that’s where we can really […]

BMO building in Laval, Quebec Sustainability in our spaces
Environmental stewardship

At BMO, we recognize that climate change is one of the major global challenges of our time, and we strive to be a leader in environmental sustainability. Today, many of us are not going to work in our office buildings, and we’re adjusting to new ways of working remotely. We’ve powered down many of our […]