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Bank of America Provides $100,000 Gift to UCLA Anderson Forecast
Gift Demonstrates Bank’s Commitment to Helping Businesses Grow
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December 15, 2004
UCLA Anderson Forecast
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LOS ANGELES—In a brief ceremony today, Bank of America Market President
Chris Frank presented Bruce Willison, dean of UCLA Anderson School of Management, with
a check for $100,000 to support the UCLA Anderson Forecast. This is the largest gift
of its kind given to UCLA’s economic forecasting group.
Through the generosity of Bank of America, the UCLA Anderson Forecast’s March 2005 conference
will focus on business growth in an uncertain economy. Bank of America has been a regular
supporter of the scholarly pursuits of UCLA and UCLA Anderson School of Management.
“We’re pleased that Bank of America is affording the UCLA Anderson Forecast the opportunity
to create a symposium focused on business growth,” said Dean Willison. “The bank recognizes
the value that economic projections can provide in driving business growth.”
“We view our ongoing partnership with UCLA and the UCLA Anderson Forecast as an integral
part of our commitment to bring a higher standard of service to the U.S. business sector,”
said Bank of America’s Frank, a UCLA alumnus. “By turning numbers into knowledge, the UCLA
Anderson Forecast, with its accurate, unbiased economic projections, provides the kind of
up-to-date, cutting-edge intelligence that businesses of all sizes need in order to stay
competitive.”
Founded in 1952, the UCLA Anderson Forecast is one of the most widely watched and often-cited
economic outlooks for California and the nation. Award-winning for its accuracy, the UCLA
Anderson Forecast often breaks with consensus in its quarterly forecast reports, which feature
projections for major economic indicators, including inflation, interest rates, job growth and
gross domestic product growth.
“Success in starting small businesses and growing them into large ones is the reason that so
much global growth has originated in the United States,” noted Prof. Edward Leamer, director
of the UCLA Anderson Forecast. “The California economy, more than most other regions, depends
on its small and medium-business entrepreneurs.”
Bank of America is the nation’s largest business bank, with relationships with one in every
five small and mid-sized businesses in its coast-to-coast footprint, covering 29 states plus
the District of Columbia.
Bank of America Provides $100,000 Gift to UCLA Anderson Forecast
Last month, Bank of America announced that it had retained its ranking as the number one Small
Business Administration (SBA) lender in the United States, in California and in Los Angeles for
the third straight year. During the fiscal year ending on September 30, 2004, Bank of America
made SBA loans totaling $126.4 million to more than 3,600 California borrowers, more than half
of them in Los Angeles.
Details of the UCLA Anderson Forecast’s March 2005 Conference will be forthcoming in early 2005.
For more information on the UCLA Anderson Forecast, visit its Web site at http://uclaforecast.com/.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual
consumers, small 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 33 million consumer relationships
with 5,800 retail banking offices, more than 16,000 ATMs and award-winning online banking with
more than 11 million active users. Bank of America is the #1 Small Business Administration lender
in the United States. The company serves clients in 150 countries and has relationships with 96
percent of the U.S. Fortune 500 companies and 82 percent of the Global Fortune 500. Bank of
America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange.
Web site: http://www.bankofamerica.com
About UCLA Anderson Forecast
The UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California
and the nation, and was unique in predicting both the seriousness of the early-1990s downturn in California,
and the strength of the state's rebound since 1993. Most recently, the Forecast is credited as the first
major U.S. economic forecasting group to declare the recession of 2001.
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