Center for Transforming Lives Named Bank of America Fort Worth 2025 Neighborhood Builder

Multiyear Grant and Leadership Training to Expand Critical Services and Reduce Poverty

Feb. 12, 2026 at 5:47pm

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Bank of America Fort Worth has named Center for Transforming Lives a Neighborhood Builder®, providing a $200,000 grant over two years, leadership training, and access to a peer network. This will support the launch and operations of Riverside Coworking, an innovative approach to help low-income women build income, increase financial stability, and access wraparound supports.

Why it matters

The Neighborhood Builder program invests in nonprofits tackling complex community challenges, empowering women entrepreneurs in Tarrant County by providing essential resources, childcare, and financial tools needed to build successful small businesses. This strategic investment aims to drive long-term financial stability and vitality for families and the local economy.

The details

Center for Transforming Lives is one of Tarrant County's largest family safety nets, working to disrupt cycles of poverty and homelessness. Riverside Coworking is a unique small business incubator that pairs business resources with free drop-in childcare, workshops, and other opportunities to empower women and families to thrive economically.

  • Bank of America Fort Worth named Center for Transforming Lives a Neighborhood Builder in 2025.
  • Center for Transforming Lives previously received this prestigious grant award in 2015.

The players

Center for Transforming Lives

A non-profit organization that partners with single mothers and their children to help them thrive, working to disrupt cycles of poverty and homelessness in Tarrant County.

Bank of America Fort Worth

The local Fort Worth branch of the national bank, which operates the Neighborhood Builders program to invest in nonprofits tackling complex community challenges.

Carol Klocek

The CEO of Center for Transforming Lives since 2009, leading the $24 million non-profit.

Mike Pavell

The president of Bank of America Fort Worth.

Riverside Coworking

A unique small business incubator housed in Center for Transforming Lives' new Riverside Campus, providing business resources, childcare, and other opportunities to empower women entrepreneurs.

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What they’re saying

“Bank of America's investment provides vital support for our work, breaking the generational cycle of poverty for women and their children in Tarrant County.”

— Carol Klocek, CEO, Center for Transforming Lives

“At Bank of America, we believe that when women thrive, families, communities, and economies thrive. The Neighborhood Builder program invests in nonprofits tackling communities' most complex challenges, and Center for Transforming Lives is doing just that – empowering women entrepreneurs in Tarrant County by providing them with the essential resources, childcare, and financial tools needed to build successful small businesses.”

— Mike Pavell, President, Bank of America Fort Worth

What’s next

The grant funding and leadership training from Bank of America will support the launch and operations of Riverside Coworking, Center for Transforming Lives' innovative new approach to empowering women entrepreneurs in Tarrant County.

The takeaway

This strategic investment by Bank of America in Center for Transforming Lives demonstrates a commitment to addressing complex community challenges, empowering women, and driving long-term financial stability and vitality for families and the local economy in Fort Worth.