Bank of America supports paid summer internships for high school students

paid community internships

Bank of America this week announced an investment of more than $1 million in a partnership with 95 non-profit organizations that's aimed at providing 230 high school students nationwide with paid summer internships.

The Student Leaders program, funded by the Bank of America Charitable Foundation, matches students with non-profit organizations for a paid, eight-week internship. Bank of America has committed more than $8 million to the program since its inception in 2004--by the end of this summer, a total of more than 1,600 students will have participated in the program.

"In communities across the country, teens are disproportionately affected by high unemployment rates," Kerry Sullivan, president of the Bank of America Charitable Foundation, said in a statement. "Our Student Leaders program helps civic-minded youth find paid employment while gaining valuable workforce skills that ultimately benefits the economic health of local communities. We view the Student Leaders program as an opportunity to engage young people in solving critical issues while also supporting non-profits by providing valuable services to individuals and families in need."

Key goals of the Student Leader program include the following:

  • Preparing students to develop further as the next generation of engaged, knowledgeable leaders who create positive change beginning in--and ultimately extending beyond--their own backyards
  • Strengthening the capacity and resources of non-profits in communities served by the bank and where students live
  • Expanding the company's efforts to create a culture of service to address pressing community issues

In addition to the paid internships, the Student Leaders are currently participating in the Bank of America Student Leadership Summit, which runs from July 10 to July 15, 2011 in Washington, D.C. The summit consists of a series of interactive workshops, including sessions on financial education, environmental sustainability, nonprofit leadership and Capitol Hills briefings. The goal is to inspire students to remain committed to service and to equip them with tools and resources to continue to provide positive contributions to their communities.