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Also known as: FOUNDATION INC
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Bank Of America Charitable Foundation Inc. is a private corporation based in CHARLOTTE, NC. The foundation received its IRS ruling in 2004. The principal officer is Corporation Trust Company. It holds total assets of $10.1M. Annual income is reported at $218.8M. Total assets have decreased from $86.4M in 2011 to $7.6M in 2023. The foundation is governed by 11 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in California. According to available records, Bank Of America Charitable Foundation Inc. has made 173,734 grants totaling $936.3M, with a median grant of $300. Annual giving has grown from $306.5M in 2021 to $629.8M in 2022. Individual grants have ranged from N/A to $5M, with an average award of $5K. The foundation has supported 31,174 unique organizations. The foundation primarily supports organizations in California, New York, District of Columbia, which account for 21% of all grants. Grantmaking reaches organizations across 55 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$250
Average Grant
$6K
Largest Grant
$5M
Based on 50,811 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bank Of America Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 173,734 grants. Its grantmaking reaches organizations primarily in CA, NY, DC.
Bank Of America Charitable Foundation Inc. has distributed a total of $936.3M across 173,734 grants. The median grant size is $300, with an average of $5K. Individual grants have ranged from N/A to $5M.
The application deadline is SEE ABOVE. 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.
Bank Of America Charitable Foundation Inc. is headquartered in CHARLOTTE, NC. While based in NC, the foundation distributes grants to organizations across 55 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Colleen O Johnson | SECRETARY | $0 | $0 | N/A |
| Frank Racaniello | TAX | $0 | $0 | N/A |
| Steve D Boland | CHAIRMAN/DIRECTOR | $0 | $0 | N/A |
| Cynthia Bowman | DIRECTOR | $0 | $0 | N/A |
| Ebony Thomas | PRESIDENT | $0 | $0 | N/A |
| Susan Campbell | TREASURER | $0 | $0 | N/A |
| Libbie A Pryor | ASSISTANT SECRETARY | $0 | $0 | N/A |
| Alastair Borthwick | DIRECTOR | $0 | $0 | N/A |
| Jennifer Locane Silvania | VICE PRESIDENT | $0 | $0 | N/A |
| Andrew D Plepler | DIRECTOR | $0 | $0 | N/A |
| Paul Donofrio | DIRECTOR | $0 | $0 | N/A |
Total Giving
$225.7M
Total Assets
$7.6M
Fair Market Value
$7.6M
Net Worth
$7.6M
Grants Paid
$225.6M
Contributions
$218.9M
Net Investment Income
$1.2M
Distribution Amount
$1.2M
Total Grants
173,734
Total Giving
$936.3M
Average Grant
$5K
Median Grant
$300
Unique Recipients
31,174
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Heart AssociationPROGRAM/OPERATING SUPPORT | Dallas, TX | $2.5M | 2022 |
| Morehouse CollegePROGRAM/OPERATING SUPPORT | Atlanta, GA | $2.5M | 2022 |
| Spelman CollegePROGRAM/OPERATING SUPPORT | Atlanta, GA | $2.5M | 2022 |
| Atrium Health FoundationPROGRAM/OPERATING SUPPORT | Charlotte, NC | $2.5M | 2022 |
| Habitat For Humanity InternationalPROGRAM/OPERATING SUPPORT | Americus, GA | $2M | 2022 |
| Johnson C Smith University IncorpoPROGRAM/OPERATING SUPPORT | Charlotte, NC | $2M | 2022 |
| Special Olympics IncPROGRAM/OPERATING SUPPORT | Washington, DC | $1.8M | 2022 |
| American Diabetes Association ArPROGRAM/OPERATING SUPPORT | Merrifield, VA | $1.6M | 2022 |
| American Cancer Society Inc - GeorPROGRAM/OPERATING SUPPORT | Atlanta, GA | $1.6M | 2022 |
| Enterprise Community Partners IncPROGRAM/OPERATING SUPPORT | Columbia, MD | $1.3M | 2022 |
| Local Initiatives Support CorporatPROGRAM/OPERATING SUPPORT | New York, NY | $1.3M | 2022 |
| UnidosusPROGRAM/OPERATING SUPPORT | Washington, DC | $1.2M | 2022 |
| The Obama FoundationPROGRAM/OPERATING SUPPORT | Chicago, IL | $1M | 2022 |
| Charities Aid Foundation AmericaPROGRAM/OPERATING SUPPORT | Alexandria, VA | $1M | 2022 |
| National Urban League IncPROGRAM/OPERATING SUPPORT | New York, NY | $1M | 2022 |
| Smithsonian InstitutePROGRAM/OPERATING SUPPORT | Washington, DC | $1M | 2022 |
| Brigham And Women'S HospitalPROGRAM/OPERATING SUPPORT | Boston, MA | $1M | 2022 |
| World Trade Center Performing ArtsPROGRAM/OPERATING SUPPORT | New York, NY | $1M | 2022 |
| Naacp Empowerment Programs IncPROGRAM/OPERATING SUPPORT | Baltimore, MD | $1M | 2022 |
| Rockefeller Philanthropy AdvisorsPROGRAM/OPERATING SUPPORT | New York, NY | $1M | 2022 |
| Close Up FoundationPROGRAM/OPERATING SUPPORT | Alexandria, VA | $800K | 2022 |