A Bank of America Corp. philanthropic effort is putting money into keeping students productively occupied over summer break. Huntington Bancshares Inc., meanwhile, is investing in sending them back to school.
B of A announced a $1 million grant last week to support paid internships at nonprofits across the country. The money covers high schoolers' eight-week stint at the organizations and a five-day student conference in Washington on financial literacy issues and leadership.
Huntington, meanwhile, has closed on a 30,000 backpack acquisition at a bargain. Purchased at a discount from BigLots.com, the bags come outfitted with school supplies donated by BigLots.com and Huntington's customers and employees. In a press release, Huntington CEO Stephen Steinour said the company's employees would hand out the backpacks in time for fall classes.
