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Corporate Philanthropy

10/15/15 10:15 am EDT

Millennials in Chicago are collectively better at saving than their peers across the country, according to the new Bank of America/USA TODAY Better Money Habits Millennial Report. The survey found that 70 percent of Chicago millennials regularly set aside money for savings, compared to 56 percent nationally. more...

10/13/15 9:30 am EDT

A new Bank of America/USA TODAY Better Money Habits Millennial Report released today finds that while 84 percent of millennials are confident in their ability to manage their finances, 41 percent are “chronically stressed” about money. Furthermore, money stress tends to permeate all areas of their lives: more...

10/5/15 10:00 am EDT

In recognition of the United Nations’ World Habitat Day, Bank of America, in partnership with Habitat for Humanity International, is launching its second Global Build, taking place in eight countries around the world. During one week and across 11 time zones, the Global Build will feature the first-ever home build in New York City’s Bryant Park, where volunteers will build in partnership with a local Habitat family. more...

6/24/15 9:00 am EDT

Through its annual Corporate Social Responsibility (CSR) Report released today, Bank of America shares successes and challenges of fulfilling its purpose of making financial lives better for customers, clients and communities through the power of every connection. The report includes details on how CSR is integrated into Bank of America’s business – its policies, practices, services, products and employee benefits.

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6/19/15 3:00 pm EDT

Bank of America today announced the start of its fourth consecutive “Express Your Thanks” campaign, which works to help service members, veterans and their families successfully transition to civilian life. The campaign builds upon the $2.4 million raised since the first Express Your Thanks campaign in 2012.

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3/23/15 8:45 am EDT

Bank of America today announced a $1 million grant to Water.org, a global organization that provides innovative, community-led and market-based solutions that change lives through safe water and sanitation. The grant will empower 100,000 people in southern India to obtain safe water and sanitation solutions, accelerating positive change in their homes and communities. This will be achieved through a Water.org program, WaterCredit, which enables more...

3/9/15 10:00 am EDT

Vital Voices Global Partnership and Bank of America today launched a weeklong initiative in Johannesburg, South Africa, connecting women leaders from sub-Saharan Africa engaged in business, social enterprise and NGOs who are actively working to fight HIV/AIDS, to senior women executives from the private sector and civil society who will lend their expertise through mentoring to help the women advance their objectives.

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3/5/15 9:00 am EST

Bank of America Merrill Lynch Community Development Banking provided more than $3.2 billion in loans, tax credit equity investments and other real estate development solutions to over 550 clients in 2014, creating more than 13,000 housing units for individuals, families, seniors, students, veterans and other at-risk groups across the country.

This effort included:

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2/25/15 8:00 pm EST

The education of some of the UK’s most disadvantaged young people has received a boost through a donation to Ark of over £100,000 after works by some of Britain’s most influential artists went under Sotheby’s hammer last night. The auctioned pieces were donated by Bank of America Merrill Lynch from its corporate art collection and included works by British artists, David Hockney and Henry Moore.

Bank of America Merrill Lynch also announced an additional US$1mm (£650k) gift to further facilitate more...

2/24/15 10:00 am EST

Bank of America has announced the 2015 Museums on Us program roster, featuring many of the nation’s favorite arts, cultural and historical institutions. From large metropolitan centers like Los Angeles to towns like Portsmouth, Virginia, Museums on Us provides a cultural benefit to Bank of America and Merrill Lynch cardholders across the U.S.

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2/4/15 1:00 pm EST

Bank of America continues to expand its global effort to preserve culturally important works of art, today announcing a request for grant applications from global art institutions. Applications for the Bank of America Art Conservation Project are welcome from all nonprofit cultural institutions with significant works of art requiring conservation. The deadline for submissions is March 15, 2015 and applicants can submit proposals online: http:// more...

1/27/15 3:00 pm EST

Special Olympics and Michelle Kwan announced today on ABC’s “Good Morning America” that registration has opened for the first-ever Special Olympics Unified Relay Across America presented by Bank of America. The Unified Relay will give anyone in the country a chance to carry the Flame of Hope that will be lit in Athens, Greece and help deliver it to Los Angeles for the Special Olympics World Games – now only six months away. more...

12/2/14 12:36 pm EST

A flurry of World AIDS Day and #GivingTuesday activities mark the latest milestone in a two-year, $10 million partnership between Bank of America and (RED). The goal of the partnership, which was announced in January, is to help end mother-to-child transmission of HIV and achieve an AIDS-free generation by supporting the critical work of the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund). more...

11/11/14 9:00 am EST

The School of the Art Institute of Chicago (SAIC), one of the nation’s leading art and design schools, today announced it received a $1.2 million donation from Bank of America as the result of an art auction of works from the company’s own collection held last night, as well as proceeds from a separate auction with Sotheby’s. The donation will fund need-based scholarships for Chicago high school graduates to pursue their education at SAIC.

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11/6/14 3:48 pm EST

At events immediately surrounding Veterans Day, Bank of America will join five of its nonprofit partners to present veterans and their families with keys to new homes at local home dedication ceremonies, bringing the number of Bank of America properties donated to nonprofits supporting military service members to more than 1,600. Honored recipients who will be presented keys to mortgage-free homes include:

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10/31/14 4:00 am EDT

With 26 social impact bonds (SIBs) currently in operation and dozens more in development globally, the sector is attracting increasing interest from investors seeking to align their values with their investments.

In light of this significant global momentum, a new report launched today by Bank of America Merrill Lynch and Bridges Ventures provides a timely guide to help those involved in the sector set themselves up for success.

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10/10/14 9:00 am EDT

Beginning on Oct. 12, the day of the Bank of America Chicago Marathon, through Dec. 7, three global brands are coming together to “TURN YOUR MILES (RED)” – harnessing the power of community to support the fight against HIV/AIDS. 

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9/22/14 10:30 am EDT

In partnership with Habitat for Humanity, Bank of America today launched their first global multi-city build in 36 communities around the world. The builds focus on helping low-income families create opportunities to experience the stability and security that homeownership brings. The global build is part of a new $6 million investment from the Bank of America Charitable Foundation to local Habitat affiliates around the world and aligns with the more...

9/4/14 4:43 pm EDT

The Dallas Museum of Art today announced that they have received funding from Bank of America to restore the Wittgenstein silver display case, or vitrine, through the bank’s 2014 global Art Conservation Project. Since the program’s inception in 2010, Bank of America has provided grants to museums in 27 countries supporting 72 conservation projects.

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8/26/14 10:00 am EDT

Bank of America announced today two new initiatives as part of its ongoing efforts to help address California’s severe drought conditions, including a funding commitment to the Pacific Institute. The $250,000 grant will go toward the Institute’s drought research and response effort. The bank also announced it will expand the use of xeriscaping – drought-tolerant landscaping that significantly reduces the need for supplemental water – at its California banking centers. more...

7/30/14 3:14 pm EDT

Bank of America today announced that Diana Gleason has been named market president for Ventura and Santa Barbara counties.

As market president, Gleason will be Bank of America’s leader in the Ventura-Santa Barbara market. She will help meet the financial needs of individuals, families and businesses by connecting them to the right resources within Bank of America.  Gleason also will lead Bank of America’s local corporate social responsibility work, leveraging the company’s unmatched more...

6/24/14 9:00 am EDT

Bank of America today published its annual Corporate Social Responsibility (CSR) report, which provides a detailed overview of the company’s environmental, social and economic impact.

“Our CSR program used to revolve around philanthropy – those days are long gone,” said Andrew Plepler, Bank of America Corporate Social Responsibility and Consumer Policy executive. “While grantmaking is still critical, CSR is now a part of everything we more...

5/19/14 1:31 pm EDT

Building on the $1.4 million Bank of America has raised since 2012 through its “Express Your Thanks” campaign to support transitional programming for service members and veterans, the company announced today that it is bringing the program back for a third year. By asking individuals to share their expressions of gratitude for current and former members of the military, the Bank of America Charitable Foundation will donate up to $1 million to more...

5/12/14 9:00 am EDT

Bank of America and Vital Voices today launched a weeklong mentoring initiative in Belfast, Northern Ireland, bringing together influential women executives from the public and private sectors to mentor women leaders engaged in small and medium-sized business and social enterprise who are at a tipping point in their professional and personal leadership paths. The initiative is the eighth installation of the Global Ambassadors Program (GAP) and is distinctive in its effort to pair senior more...

3/25/14 8:45 am EDT

Bank of America has announced the donation of historic images from its corporate art collection to the Smithsonian’s National Museum of African American History and Culture. The donation, a collection of 61 black-and-white photographs by Jeanne Moutoussamy-Ashe, features Daufuskie Island, a unique, national landmark off the South Carolina coast inhabited by a community whose distinctive language and culture remained strongly influenced by their African heritage.

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