SOURCE: Committee of 100

May 19, 2008 12:09 ET

Committee of 100 Earthquake Relief Fund Receives $500,000 From the Bank of America Charitable Foundation

NEW YORK, NY--(Marketwire - May 19, 2008) - Committee of 100 (C-100), an organization of prominent Chinese Americans, received $500,000 from the Bank of America Charitable Foundation through The Committee of 100 Earthquake Relief Fund.

Established in the wake of the disaster in collaboration with Give2Asia, an affiliate of The Asia Foundation with much experience in facilitating relief donations for natural disasters in Asia, The Committee of 100 Earthquake Relief Fund will provide long-term recovery effort and direct assistance to restore basic services, such as medical services for survivors of the quake, critical services for basic necessities and rebuilding of homes and schools in the regions affected by the strong earthquake on May 12, 2008.

"As the victims of this tragedy begin to rebuild their lives and their cities, they will need immediate assistance from individuals and organizations from around the world to address both their short- and long-term needs," said Andrew D. Plepler, President, Bank of America Charitable Foundation. "On behalf of Bank of America, we express our deepest sympathies and support for all the affected families and appreciate the efforts of organizations like the Committee of 100 for their dedicated work during this difficult time."

In the wake of the natural disasters in China and Myanmar, the Bank of America Charitable Foundation has donated $1.3 million to date to non-profit organizations on the ground assisting in relief efforts and will provide additional support in the form of matching gifts donated by the company's associates.

Gen. John L. Fugh, Chairman of Committee of 100, said, "We wish to express our deep appreciation for Bank of America's significant contribution."

Committee of 100 Regional Vice Chair Stewart Kwoh said, "We very much appreciate Bank of America's partnership at this critical time. Bank of America has been very supportive of Chinese American causes and improving US-China relations. I hope that the Committee of 100 will continue to work together with Bank of America to better serve our community."

The Committee of 100 China Earthquake Relief Fund can be accessed at www.give2asia.org/Committeeof100-earthquake.

Founded in 1989, the Committee of 100 is an independent, non-profit membership organization composed of Chinese American leaders in a broad range of professions. Its dual mission is to (1) to encourage stronger relationship between the people of the U.S. and Greater China and (2) to encourage the full participation of Chinese Americans in all aspects of American life. For more information, please visit: www.committee100.org.

Bank of America Corporate Philanthropy

Building on a long-standing tradition of investing in the communities it serves, Bank of America will embark in 2009 on a new, ten-year goal to donate $2 billion to nonprofit organizations engaged in improving the health and vitality of their neighborhoods. Funded by Bank of America, the Bank of America Charitable Foundation gave more than $200 million in 2007, making the bank the most generous financial institution in the world and the second largest donor of all U.S. corporations in cash contributions. Bank of America approaches giving through a national strategy called "neighborhood excellence" under which it works with local leaders to identify and meet the most pressing needs of individual communities. Through Team Bank of America, bank associate volunteers contributed more than 650,000 hours in 2007 to enhance the quality of life in their communities nationwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation.

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