The nation's second largest bank is contributing $1 billion to the fight against racial inequality.

Bank of America announced the donation Tuesday, as the country continues to grapple with the economic disruption caused by the coronavirus pandemic. According to the bank's press release, the $1 billion will benefit communities of color over the next four years, with the money going towards a number of different areas such as, employee recruitments, jobs training, support to small businesses, housing aid, and the expansion of health services like vaccination clinics.