The Bank of America Charitable Foundation Inc
Accepts applications
The Bank of America Charitable Foundation Inc is a private foundation in Charlotte, North Carolina. In tax year 2024 it gave $216 million in 1 grant; the typical grant was $216 million and the largest $216 million. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$216 million
- Number of grants1
- Typical grant$216 million
- Largest grant$216 million
- Assets$10.1 million
- New grantees100%
Giving in 2024 was down from $226 million the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $226 million | 58,994 | $7.6 million |
| 2024 | $216 million | 1 | $10.1 million |
How to apply
| Contact | See website address 401 N Tryon St, Charlotte, NC 28255 |
|---|---|
| Phone or email | (800) 218-9946 |
| What to submit | Grant applications should be submitted online through the foundation's webpage at www.bankofamerica.com/foundation. The foundation has the following deadlines for submission for certain types of grants: 1st rfp - 1/1/2024 to 2/17/2024, 2nd rfp - 5/22/2023 to 6/23/2024, neighborhood builders program - 5/1/2024 to 5/31/2024, neighborhood champions program - 4/3/2024 to 4/30/2024, student leaders grants - 10/17/2023 to 7/31/2024 and the summer youth employment program (SYEP) 1/1/2024 to 2/17/2024. Please visit the foundation's website at www.bankofamerica.com/foundation for additional information relating to these and other programs. |
| Deadlines | See above |
| Restrictions | The organization will only consider proposals aligned with the foundation's community funding priorities and located in states in which the bank of america has a presence. See the 'frequently asked questions' under the 'about us' section of the webpage at www.bankofamerica.com/foundation |
Foundation website IRS filings on ProPublica
Where it gives
All of its grants went to recipients in North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 1 | $216 million |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| See Attachment for Grants Detail | Program/Operating Support | $216 million |
Officers and trustees
- Steve D Boland
- Alastair Borthwick
- AJ Barkley
- Jennifer Locane Silvania
- Frank Racaniello
- Colleen O Johnson
- Susan Campbell
- Libbie A Pryor
- Paul Donofrio
Questions people ask
Does The Bank of America Charitable Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: See above.
How much does The Bank of America Charitable Foundation Inc give?
$216 million in tax year 2024, across 1 grant, with a typical grant of $216 million.
Who runs The Bank of America Charitable Foundation Inc?
Its 2024 filing lists Steve D Boland (Chairman/Director), Alastair Borthwick (Director), AJ Barkley (President) and Jennifer Locane Silvania (Vice President) among 9 officers and trustees.