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 neighbourhood. 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 neighbourhoods across Chicagoland.

“Economic opportunity and strong neighbourhoods 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 neighbourhoods. 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 neighbourhood 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



Taking Steps to Alleviate Poverty at the World Partnership Walk
Community giving

To make a meaningful impact in alleviating poverty on a global scale, 40,000 people in ten cities across Canada participated in the World Partnership Walk on June 9, 2019. An initiative of the Aga Khan Foundation Canada (AKFC), the Walk raises money and serves to enhance awareness, build knowledge and inspire people to take action. […]

solar panels BMO Recognized by CDP for Action on Environmental Sustainability
Environmental stewardship

BMO was recently recognized by the CDP (formerly called the Carbon Disclosure Project) for its strong actions and transparency in the areas of climate change governance, climate change risk management, and greenhouse gas emissions reduction. The CDP, a not-for-profit charity, provides a global disclosure system for investors, companies, cities, states and regions to manage their […]

BMO, United Way and City of Toronto Champion Economic Opportunity ILEO Construction Joint Venture to bring jobs and a model of economic sustainability to Greater Golden Mile
Community giving, Corporate social responsibility

BMO, together with United Way Greater Toronto, the City of Toronto, community leaders, and private sector partners, is piloting a new approach to promoting economic vitality in areas of the city where it is lacking. The work is guided by the Inclusive Local Economic Opportunity (ILEO) Leadership Table. Established in October 2018 by BMO and […]