Bank of America Awards $1M Grant to National Juneteenth Museum

New legacy institution will educate visitors on the past, create growth in the present and inspire future generations.

FORT WORTH, Texas, July 25, 2023 /PRNewswire/ -- The National Juneteenth Museum and Bank of America today announced a foundational gift to support the first-of-its-kind museum. Selected to be built in Fort Worth, the city is a hub for arts and culture institutions and celebration, and the city's history is closely tied to its identity today. Honoring Fort Worth's past by investing in its future, Bank of America is awarding a $1M grant for the development of the National Juneteenth Museum ecosystem.

"The National Juneteenth Museum will be a social and economic anchor in Fort Worth that will serve as a catalyst for community education and growth. The bank's foundational support acknowledges the significant role Juneteenth plays in our city's history and is another demonstration of our commitment to advance economic opportunity and racial equality," said Mike Pavell, Bank of America Fort Worth President. "We're excited to work with the National Juneteenth Museum to revitalize the local community and create a new legacy institution."

Fostering a true ecosystem for economic and cultural development, the National Juneteenth Museum will feature far more than its collection of artifacts. The 50,000-square-foot center will host guest lectures, community events and performances in its 250-seat amphitheater, bring families together through the on-site food hall and grand green space, and launch big ideas into reality in its business incubator.

"The predominantly African American neighborhood surrounding the museum has helped shape Fort Worth for generations. I'm encouraged to see Bank of America helping breathe life into the Historic Southside through intentional investment in cultural education and preservation. Residents, visitors and local businesses will be able to witness the impact of Bank of America's gift, supporting a space where generational wealth, health and tradition will have a collaborative space to flourish," said Jarred Howard, CEO of the National Juneteenth Museum.

"The National Juneteenth Museum personifies many of the core values we uphold at Bank of America. From supporting diverse entrepreneurs and small business development, to mobilizing the power of the arts to educate and enrich our societies, we look forward to working together to unite our community and create greater cultural understanding. This partnership is a point of pride for Bank of America not only here in Fort Worth, but in every corner of our national footprint," added Pavell.

The museum's targeted opening date is June 19, 2025. To learn more about the museum and construction updates, please visit the National Juneteenth Museum website.

About the National Juneteenth Museum 

The National Juneteenth Museum is a registered 501(c)(3) nonprofit organization and will be a 50,000 square-foot epicenter for education and celebration of Juneteenth that is dedicated to building opportunities to advance future generations. The museum will be located in the Historic Southside neighborhood of Fort Worth, Texas and is expected to open to the public in 2025.

About Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.  The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 million verified digital users.  Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services.  The company serves clients through operations across the United States, its territories and more than 35 countries.  Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Reporters may contact:

Britney Sheehan, Bank of America
Phone: 1.425.467.9744
britney.w.sheehan@bofa.com

Wil Murphy, K Strategies, National Juneteenth Museum
Phone: 1.214.599.9766
wmurphy@kstrategies.com

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SOURCE Bank of America Corporation