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, United Way and City of Toronto Champion Economic Opportunity BMO, United Way and City of Toronto champion economic opportunity
Community Giving

BMO, together with United Way Greater Toronto and the City of Toronto, has announced that the Greater Golden Mile area in Scarborough, Ontario, has been selected as the first to adopt a new approach to building inclusive local economic opportunity and stronger neighborhoods. Watch the video. This pilot follows extensive work over the last year […]

Two women smiling A Proud History of LGBTQ2+ Support
Community Giving, Diversity and Inclusion

1969 was a historical year for gay rights in Canada and the United States. In the U.S., the Stonewall riots helped kick off the gay liberation movement. Meanwhile, in Canada, homosexuality was decriminalized. These were landmark moments in a fight for equality that continues until this day. This year, as we mark the 50th anniversary […]

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 […]