About Bank of America Charitable Gift Fd
The Bank of America Charitable Gift Fund is a 501(c)(3) public charity that helps donors give to organizations and causes in an organized, tax-efficient, and flexible way by offering donor-advised fund accounts, tax-free investing options, turnkey administration, and grantmaking support.
Focus Areas
EducationHealthEnvironmentArts, Culture, & HumanitiesHuman ServicesYouth DevelopmentCommunity Improvement & Capacity BuildingMedical ResearchFood, Agriculture, & NutritionHousing & ShelterReligion-Related
Who They Fund
registered nonprofits (all mission areas)donor-identified charitable organizations
About Bank of America Charitable Gift Fd
Bank of America Charitable Gift Fd is structured around donor-advised giving, with grants flowing through a public charity that lets donors recommend gifts to IRS-recognized charities now or later. The fund also provides tax-advantaged contributions, tax-free investing, online account access, and grantmaking administration, so its role is as much about managing charitable capital as making direct awards. In the recent filing, the largest distributions are unusually large and appear as attached lists of distributions rather than named operating grants, with one 2025 grant at $969,496,994 and multiple grants at $825,174,730 and $744,249,561. That pattern points to a vehicle designed for high-volume charitable pass-through rather than a small, stand-alone program budget. The public-facing program description also shows broad charitable reach. Bank of America Charitable Gift Fd can support organizations across all nonprofit mission areas, while the wider Bank of America charitable platform includes community development, education, economic mobility, health, arts and culture, and related charitable work. The recent grants file places the distributions in Boston, which is consistent with the fund’s administrative footprint and with its donor-directed structure.
What Bank of America Charitable Gift Fd Funds
A defining feature of Bank of America Charitable Gift Fd is that it functions as a grantmaking platform across mission areas rather than a single-issue funder. Its donor-advised structure allows grants to be directed to general charitable support and to organizations in any IRS-recognized nonprofit category. The broader Bank of America charitable platform also supports community development and education. Separately, Bank of America Charitable Foundation Grants is described as funding community development, education, economic mobility, health, and arts and culture in the United States. Through Philanthropic Solutions, the organization also serves as trustee or co-trustee for discretionary foundations with priorities in arts, culture, and humanities, community improvement and capacity building, education, employment, and environment. That mix shows a multi-channel charitable structure, with donor-directed giving alongside managed foundation grantmaking.
How Bank of America Charitable Gift Fd Gives
The grant-size profile is very high and tightly clustered: p25 is $744,249,561, median is $784,712,146, and p75 is $825,174,730. The recent grants list also shows repeated large distributions across 2023, 2024, and 2025, which indicates a recurring grant flow rather than isolated one-off awards. The foundation is a bank DAF program, so its structure is donor-advised and administratively managed rather than an operating grantmaker or program-related investor. It also accepts unsolicited recommendations through the CGF program, according to the program description.
Financial Snapshot
Annual Giving
$4.1B
Total Assets
$5.1B
Total Revenue
$1.7B
Total Expenses
$993.6M
Typical Grant Size
Most grants fall between $744.2M and $825.2M, with a median of $784.7M.
25th Percentile
$744.2M
Median
$784.7M
75th Percentile
$825.2M
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in MA.
Funding intensity
LowHigh
Headquarters
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