TimesDispatch.com | Giving, Thanks: "Giving, Thanks
Richmond Times-Dispatch
Feb 13, 2007
Richmond and Virginia have heard great good news on the philanthropic front. Last week Bank of America announced it is adding Central Virginia to its Neighborhood Excellence Initiative. The program, sponsored by the Bank of America Charitable Foundation, honors nonprofit groups as well as local heroes and student leaders. Numerous Richmond organizations and individuals qualify for recognition.
Consolidations in the financial industry saw Richmond-based banks and institutions taken over by corporations headquartered elsewhere. For many companies Richmond became a regional center, not the home office. The trend raised concerns that philanthropy would suffer. Indeed, it is difficult not to suspect that the Virginia Performing Arts Center would have met its fundraising targets if the area retained the corporate offices relocated to different cities and states."
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