Heart Math Tutoring receives $1,250,000 from Albemarle Foundation and Bank of America

October 25, 2018

Albemarle Corporation and Bank of America recently announced a $20 million investment in Charlotte-area nonprofits to drive local economic mobility!

The companies worked together to select Charlotte nonprofits that will receive funding allocated over the next five years. Each nonprofit focuses on at least one of three key areas: early child care and education; college and career readiness; and family and child stability. These areas were identified as factors of economic mobility in a report by the Charlotte-Mecklenburg Opportunity Task Force, which was formed in response to the 2014 Harvard/UC-Berkeley study that ranked Charlotte 50^th among 50 large metropolitan areas for upward mobility.

“Our priority is to work closely with the many great resources, task forces and organizations in Charlotte that have paved the way for us to power the potential of our community,” said Sandra Holub, Executive Director of the Albemarle Foundation. “We hope this investment sets a tone for both legacy organizations and those new to Charlotte, to step up however they can, with dollars, sweat equity or social capital, and continue the momentum to address economic mobility in Charlotte.”

Heart Tutoring will receive $1,250,000 over five years to accelerate program impact and sustainability. Albemarle Foundation and Bank of America will sponsor tutoring for ~200-250 students across 4-5 school sites per year and support Heart Tutoring’s growth from 22 current school partners to 35. Students who are performing 2-3 years below grade level in elementary math build skills and confidence needed for long-term success. Bank of America’s gift aligns with the company’s significant volunteer support, as almost 100 Bank of America employees served as volunteer tutors with Heart in the most recent school year.

“This is incredible validation of the community investment and outcomes to date, and we are inspired by this opportunity for expanded impact over the next five years,” says Emily Elliott, executive director of Heart Math Tutoring. “I am grateful for our students, volunteers, donors, staff, and school partners who will remain dedicated to the hard work of opening doors where children are currently being left behind.”

Thank you so much for making the program possible in schools, Albemarle and Bank of America!

Read more in the news:

https://www.bizjournals.com/charlotte/news/2018/09/27/bank-of-america-albemarle-corpcommit-20m-to.html

https://www.albemarle.com/news/bank-of-america-and-albemarle-corporation-announce-20-million-investment-in-driving-economic-mobility-in-charlotte

https://www.charlotteobserver.com/news/business/article219049600.html