Corporate Philanthropy

11/7/19 1:00 pm EST

Bank of America and the city of Detroit today announced the bank’s investment of $3 million toward its mission of helping homeowners and small-business entrepreneurs. Additionally, the bank unveiled another $2.5 million in support of Detroit’s neighborhoods.

The announcement was made at Detroit Sip, a Motor City Match recipient located in the city’s Livernois-McNichols neighborhood, an area that has also seen significant investment through Invest Detroit.

Since 2009, Bank of America has steadily invested $30 million to advance economic mobility and build stronger more...

11/7/19 9:00 am EST

Bank of America, in partnership with Vital Voices, will bring together women leaders from around the world for the Global Ambassadors Program in Paris November 11-15. During this weeklong initiative, the program will highlight the role of women as drivers of economic growth and explore the ongoing needs and challenges that many women leaders face.

The Paris Global Ambassadors Program will pair a diverse group of women leaders from small businesses and social more...

10/25/19 1:18 pm EDT

As announced by New Profit, Bank of America has renewed its partnership with award-winning artist and activist John Legend's organization, FREEAMERICA, and New Profit as a continued founding partner of Unlocked Futures, an accelerator more...

10/17/19 3:01 am EDT

Bank of America has today announced today grant funding to 22 major art restoration projects in nine countries and 11 U.S. cities and Puerto Rico through the 2019 Bank of America Art Conservation Project. The project provides grant funding to nonprofit cultural institutions throughout the world to conserve historically or culturally significant works of art that are in danger of deterioration.

Since the Art Conservation Project began in 2010, Bank of America has provided grants to conserve paintings, sculptures, archaeological and architectural pieces that are critically important more...

9/24/19 11:00 am EDT

With the first-ever insurance policy for a coral reef in place on the Mesoamerican Reef in Mexico, The Nature Conservancy (TNC), with support from Bank of America, today announced plans to research the expansion of an innovative, nature-based insurance program that expedites the repair of coral reefs after major storms.

Today’s announcement of an additional $1 million grant from Bank of America enables TNC’s scientists to conduct studies in both Florida and more...

9/5/19 11:45 am EDT

Bank of America today announced that it is providing $250,000 to the American Red Cross to help provide immediate relief across the Bahamas and to Florida, Georgia, North Carolina, South Carolina, and Virginia as they prepare for the effects of Hurricane Dorian.

In addition, the bank offers a matching gift program that enables employees to double their contributions to nonprofits, and has lowered the minimum amount eligible for a matching gift to $1 for disaster relief in order to increase the impact of every employee donation. The bank also provides employees updates on more...

5/22/19 10:00 am EDT

Today, the U.S. Green Building Council (USGBC), creators of the Leadership in Energy & Environmental Design (LEED) green building program, announced a new $500,000 grant from Bank of America. The funding supports the LEED certification of 15 U.S. cities and communities. The grant provides financial assistance, educational resources and technical support throughout the certification process. USGBC and Bank of America launched the LEED for Cities and Communities grant program with six U.S. cities in more...

5/1/19 10:00 am EDT

Today, Bank of America announces that it will loan eight complete exhibitions to cultural institutions worldwide in 2019 through the company’s Art in our Communities program.

Marking the 10th anniversary of the Art in our Communities program, Bank of America has loaned artwork from its collection to more than 130 cultural institutions. This is the only corporate program of its kind where more...

4/11/19 9:00 am EDT

Bank of America has committed $1 million to the George W. Bush Institute to support leadership development programs that address global health, economic opportunity, education reform, military support and global women’s initiatives. The funding will support the School Leadership Initiative, Presidential Leadership Scholars, WE Lead, Liberty and more...

3/28/19 5:00 pm EDT

The Bank of America Charitable Foundation today announced it will make the $1 million capstone grant to Museum Lab at Children’s Museum of Pittsburgh, completing the organization’s $18 million capital campaign. This funding enables Children’s Museum to renovate and transform the former more...

3/26/19 3:03 pm EDT

Recycle Across America (RAA) announces a $250,000 grant from Bank of America to create proper recycling in local communities and schools with the use of the societywide standardized labels for recycling bins. To date, Bank of America’s support has helped more than 1 million K-12 students recycle right and has helped school districts save over $5 million in trash-hauling fees. Since 2015, the bank has provided $400,000 in grant funding to RAA, supporting its efforts to standardize recycling labels. more...

3/25/19 4:00 pm EDT

The Bank of America Charitable Foundation has awarded a $250,000 grant in support of Wichita State University’s campaign to build a new home for the W. Frank Barton School of Business on the Innovation Campus. The Innovation Campus is a 120-acre development where businesses, both local and from across the globe, have established operations that employ Wichita State students as part of their workforce.

“Bank of America and Wichita State University have a shared mission in supporting the development of our more...

3/22/19 9:30 am EDT

In response to recent severe weather conditions, including floods, tornadoes, snow and ice, Bank of America is providing $150,000 to the American Red Cross. The funding to Red Cross Disaster Relief will help support emergency relief supplies, shelters, food and health/mental health services for those affected by the storms and flooding this month, and assist the Red Cross to prepare for and respond to other crises.

Tornadoes and severe flooding have had significant impact across five states in more...

3/19/19 10:00 am EDT

Proposals are now being accepted for the 2019 Bank of America Art Conservation Project. Nonprofit cultural institutions with artwork requiring much-needed conservation are welcome and encouraged to submit a proposal. The grant proposal process is available online at www.bankofamerica.com/artconservation. All proposals must be submitted before May 17 to be eligible for funding in 2019. 

The Bank of more...

2/6/19 2:30 pm EST

Bank of America Merrill Lynch Community Development Banking (CDB) provided a record $4.7 billion in loans, tax credit equity investments and other real estate development solutions, surpassing last year’s record financing of $4.53 billion. It deployed $3 billion in debt commitments and $1.7 billion in new equity investments to help build strong communities by financing affordable housing, charter schools and economic development across the United States. These efforts are part of the company’s commitment to deploying capital to more...

2/5/19 5:45 pm EST

In memory of Terry Laughlin, vice chairman of Bank of America’s wealth management businesses, who passed away in October 2018, Bank of America announced $2.5 million in gifts to the University of Pittsburgh and St. Francis University:

  • A $2 million gift by the Bank of America Charitable Foundation to the University of Pittsburgh, establishing the Terrence Laughlin Chair in Finance. Laughlin earned his MBA from the University of Pittsburgh Joseph M. Katz Graduate School of Business. For more than 10 years, he was a member of the university’s board of trustees.

  • more...
1/29/19 9:00 am EST

Bank of America marks the 22nd anniversary of the Museums on Us program with the addition of more than 30 new institutions.

Museums on Us provides Bank of America, Merrill Lynch and U.S. Trust credit and debit cardholders free general admission on the first full weekend (Saturday and Sunday) of every month to experience more than 225 of the country’s cultural institutions, including major, world-class museums, community museums, botanical gardens, aquariums, zoos and science centers across 138 cities in 36 states.

“Bank of America continues to lead as one of the more...

1/2/19 10:00 am EST

Bank of America today announced that Raju Patel has been appointed market president, serving as the company’s enterprise leader in Denver.

As market president for Denver, Patel will work throughout the region to connect businesses, families and individuals to Bank of America’s banking, lending and investment teams. He will also lead the effort to direct the bank’s more...

12/11/18 12:30 pm EST

GivePower Foundation received a $250,000 grant from the Bank of America to support its newest initiative, bringing safe water to dry, coastal communities in developing areas.

GivePower’s mission is to install solar energy technologies that enable essential services critical for community more...

11/28/18 12:00 pm EST

The Bank of America Charitable Foundation awarded the Minneapolis Parks Foundation a $1 million anchor grant for its RiverFirst Capital Campaign to catalyze new park and community investments along a revitalized Upper Mississippi Riverfront. Bank of America’s grant positions the Parks Foundation to complete its $17.9 million campaign for transformative parks; it also brings the RiverFirst Campaign to within $600,000 of the amount needed to break ground in early 2019 on the first phases of the more...