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 Announces a New Government Partnership to Empower Women
BMO for Women, Community giving

On May 17, BMO and the Honorable Maryam Monsef, Minister of International Development and Minister for Women and Gender Equality, announced a new partnership to support not-for-profit organizations that empower women. BMO also unveiled findings from a new report that highlights the gaps in strategic planning by not-for-profits, and the ways organizations can further empower […]

BMO Wins Green Purchasing Award
Environmental stewardship

In recognition of excellence in sustainable procurement, BMO has been selected as one of the recipients of Grand & Toy’s 2018 Leadership in Greener Purchasing Award – Financial Sector. Award recipients are leaders in their sector for purchasing products with environmental attributes and ecolabels. These awards are determined primarily by the percentage of a company’s […]

Earth Hour BMO Marks Earth Hour in 2019
Environmental stewardship

On Saturday, March 30 from 8:30-9:30 p.m. local time, BMO once again joined thousands of other organizations and communities around the world to participate in Earth Hour.​ Earth Hour is the world’s largest grassroots movement for the environment, inspiring millions of people to take action for our planet and nature. This global event, organized by World Wildlife Fund […]