About Bank of America Charitable Foundation
The Bank of America Charitable Foundation appears to operate as a large corporate grantmaker that provides substantial program/operating support, likely through a centralized award or pooled grant mechanism. The single recorded award is very large and suggests the foundation channels major funding to a set of recipients through an attachment or intermediary rather than many small one-off grants. Because the detailed recipient breakdown is not provided here, the profile points to capacity-building and unrestricted support for organizations working at scale or via community intermediaries.
Focus Areas
Capacity and operating support for large national and regional nonprofitsCommunity development and economic opportunity via intermediaries (CDFIs, local community foundations)Disaster relief and emergency response funding through national partnersWorkforce development and small business support administered at scaleLarge-scale public health and basic needs partners (food banks, health systems, United Ways)
Who They Fund
national intermediaries (e.g., United Way‑type organizations)community development financial institutions (CDFIs)
About Bank of America Charitable Foundation
The Bank of America Charitable Foundation Inc recorded a single 2025 grant of $216,309,069 for program and operating support, a scale that points to concentrated grantmaking rather than many small awards. The recipient is listed as “See Attachment for Grants Detail” in Charlotte, NC, which suggests the public record is capturing a pooled or consolidated distribution. That structure fits the foundation’s apparent role as a corporate grantmaker channeling large-dollar support through a centralized mechanism. Its program list shows a strong emphasis on local community investment, economic mobility, and capacity-building support for nonprofits. Neighborhood Builders® stands out as a signature program: it provides multi-year grants and leadership training to local nonprofit organizations working on community needs and economic opportunity. The foundation also describes local grants and sponsorships for organizations that improve financial lives and strengthen communities, often through regional grant programs and nonprofit alliances. Across the available data, the foundation’s funding profile centers on organizations serving communities at scale, especially through operating support, local partnerships, and structured programs tied to community development and economic opportunity.
What Bank of America Charitable Foundation Funds
A clear theme in the foundation’s program design is economic opportunity delivered through local nonprofit partners. Neighborhood Builders® provides $200,000 grants paired with leadership training for local nonprofit organizations working on community needs and economic opportunity. The foundation also supports workforce development and community improvement through its local grants and sponsorships program, which is aimed at organizations that help improve financial lives and strengthen communities. In the same local-giving lane, it lists grant funding for nonprofits and sponsorship programs tied to financial education and economic mobility. Its broader philanthropic solutions platform includes grantmaking focused on community development, economic opportunity, education, health, and arts and culture. Within the available program descriptions, housing and shelter also appear as a supported area through community grantmaking.
How Bank of America Charitable Foundation Gives
Financial Snapshot
Annual Giving
$216.3M
Total Assets
$10.1M
Total Revenue
$218.8M
Total Expenses
$216.3M
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
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