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Economic Mobility Focused on Needs of Community is a grant from the Bank of America Charitable Foundation supporting nonprofits working to advance economic mobility in local communities across the United States. Two annual grant cycles are available: Basic Needs and Income Creation (applications February-March) and Stable Housing and Empowering Communities (applications May-June).
Grant amounts vary by market and organization size; multi-year grants are generally not awarded through this process. Eligible organizations must be U.S.-based 501(c)(3) nonprofits registered on NPO Hub and able to accept ACH payments. Organizations focused on arts, environment, or multiple issue areas may apply if their work aligns with income creation or community empowerment priorities.
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FAQs for the Bank of America Charitable Foundation Request for Proposal (RFP) grants FAQs for the Bank of America Charitable Foundation Request for Proposal (RFP) grants How do I apply for a grant from the Bank of America Charitable Foundation? If your organization aligns with our priorities and eligibility criteria , you'll be directed to our online application.
More information about the Bank of America Charitable Foundation, including 2026 grant application dates can be found here . Are there specific times during the year when applications are accepted? Yes.
Our application process has two application cycles. Unsolicited applications are not accepted outside of posted dates. Basic Needs and Income Creation | Application Period: 2/2/2026 - 3/2/2026 Stable Housing and Empowering Communities | Application Period: 5/18/2026 - 6/29/2026 How do we ensure we are eligible for funding from Bank of America Charitable Foundation?
Charitable organizations in the United States must register for NPO Hub (formerly FrontDoor) and accept ACH payments to be eligible to receive funding and remain eligible for future grants. Additional registration information can be found here . I have submitted an application online – when can I expect to receive an update on its status?
Basic Needs and Income Creation | June, 2026 Stable Housing and Empowering Communities | September, 2026 Once I submit a grant application, who can I contact for assistance? Contact us at 800. 218.
9946 or foundation@bofa. com . Once I begin an application, can I exit and return to it later?
Save what you have entered. To return, go to www. cybergrants.
com/boa/rfp > Organization History. I am locked out of my CyberGrants account, can you please reset my password? We do not have access to any account information including passwords and login credentials.
Please contact Cyber Grants directly at cgsupport@cybergrants. com . My organization delivers services that span more than one of your focus areas.
Can I apply for more than one RFP? If not, how do I determine which RFP to apply for? Our guidelines state that we will fund an organization no more than once in a calendar year although rare exceptions do apply.
As you decide which RFP you will apply for, consider which program or service is your highest priority to be funded. If you are applying for general operating support, select the RFP that most closely aligns with your organization’s mission. Can I apply for an RFP grant and also apply for a local grant?
No. All grant requests have to submit RPF applications through Cyber Grants. If your application is accepted, it will then go through a local market committee for final decisioning. How do I know what amount to apply for?
Grant amounts vary by market and organization size. If you have previously received a Bank of America Charitable Foundation grant, an amount in that same range is a good starting point. Can we apply through the RFP process for a multi-year grant?
As a general guideline, the Bank of America Foundation does not make multi-year grants through this local grant RFP process. My organization is focused on the arts. Under which RFP should I apply?
You are welcome to apply if your organization can demonstrate an alignment to our Income Creation and/or Empowering Communities priorities. Does the Bank of America Foundation fund environmental organizations? Yes.
We accept applications for organizations whose work connects with employment, energy efficient housing or community resiliency. My organization is working outside of the United States, how can I apply for funding for that work? Philanthropic funding for organizations and programs outside of the United States is limited and is awarded by invitation only.
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Based on current listing details, eligibility includes: 501(c)(3) nonprofit organizations operating within Bank of America's local markets. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Varies Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is June 29, 2026. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.