Corporate Philanthropy

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...

11/28/18 10:00 am EST

The Bank of America Charitable Foundation has awarded a $1 million anchor grant to MetroHealth that will be used to support MetroHealth’s expanded services and transformation. Bank of America is the first lead corporate partner of MetroHealth’s philanthropic campaign, “For All of Us.” Launched earlier this year, the campaign’s goal is to raise a minimum of $100 million by 2023 for core aspects of MetroHealth’s transformation.

“At Bank of America, we continually seek new ways to connect with institutions doing important work and making a meaningful impact in our community,” said more...

11/26/18 9:00 am EST

Bank of America and (RED) are joining forces for the fourth annual (SHOPATHON)RED during the 2018 holiday season to raise awareness and funds for the fight to end AIDS, with specific focus on preventing the transmission of HIV from mother to child in sub-Saharan Africa.

(SHOPATHON)RED is a holiday shopping extravaganza that kicked off with the fourth annual Jimmy Kimmel Live! (RED) Special on Nov. 19. From now through Dec. 31, Amazon will offer consumers one destination to shop online – Amazon.com/RED – for more more...

11/8/18 12:00 pm EST

Today, Bank of America announced it is expanding its Neighborhood Builders® program and introducing a complementary program, Neighborhood Champions, to new cities in 2019 to support nonprofit leadership development across the U.S. The expansion marks the program’s 15th anniversary and coincides with additional investment in other environmental, social and governance (ESG) programs that address issues fundamental to economic mobility in the communities the bank serves, more...

11/1/18 9:30 am EDT

Water.org received a $3 million grant over three years from Bank of America to empower more than 250,000 people in southern India and Brazil with safe water and sanitation, accelerating positive change in their homes and communities. This will be achieved through Water.org’s microfinance solution, WaterCredit, which enables people in need to access small loans for water connections and toilets. Through market-driven financial solutions, this more...

10/25/18 9:00 am EDT

Bank of America announces grant funding to 21 major art restoration projects in nine countries, through the 2018 Bank of America Art Conservation Project. A selection of the historically and culturally significant works in danger of deterioration that will benefit from the grants includes:

  • “Coronation of the Virgin with Saints, c. 1492,” by Sandro Botticelli and Domenico Ghirlandaio, The Bass, Miami
  • Twelve-panel screen with “Spring Morning in the Han Palaces” scene and inscription, Freer|Sackler, Washington, D.C.
  • “Jean d’Aire” more...
10/5/18 4:00 am EDT

Vital Voices Global Partnership and Bank of America will bring together women leaders in the private sector and social enterprise to Dublin, Ireland October 8-12 for the Global Ambassadors Program (GAP), a weeklong initiative to help women entrepreneurs succeed. The program highlights the role of women as drivers of economic growth and addresses the ongoing needs and challenges that women leaders face around the world.

The Dublin Global Ambassadors Program will pair a diverse group of women leaders of small more...

9/27/18 9:23 am EDT

Bank of America and Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced a $20 million investment in Charlotte-area nonprofits to drive local economic mobility.

Bank of America CEO Brian Moynihan and Albemarle Chairman, President and Chief Executive Officer Luke Kissam agreed to make the combined investments and encourage other local companies more...

9/25/18 9:00 am EDT

Better Money Habits®, Bank of America’s free financial education platform, released today the “Better Money Habits 50 Under $50K” list. It profiles 50 young professionals who are practicing smart financial habits on salaries of $50,000 or less (the average starting salary for four-year college graduates in 2017, according to the Hay Group). Each of the individuals recognized is profiled at 50Under50k.com more...

8/27/18 3:00 am EDT

The Musée National Picasso Paris has undertaken the conservation of the monumental masterpiece, ‘Femmes à Leur Toilette’. Funding for the restoration has been provided through a 2017 grant from Bank of America’s global Art Conservation Project, which helps institutions around the world conserve artworks of international or national significance.

‘Femmes à Leur Toilette’ is a collage created by Pablo Picasso in Paris during the more...

7/9/18 9:00 am EDT

This summer, Bank of America has recognized 230 high school juniors and seniors from 48 communities across the U.S. as Student Leaders (#BofAStudentLeaders) based on their commitment to advance social progress in their communities. This signature philanthropic program offers young people an opportunity to develop workforce skills through a paid summer internship at a local nonprofit and a chance to enhance their leadership and advocacy skills through a national summit in Washington, D.C.

At this week’s Student Leadership Summit (July 8-13), students join their peers from a wide more...

6/8/18 8:30 am EDT

Bank of America today announced a $20 million Veteran Entrepreneur Lending Program to connect U.S. military veteran business owners with affordable capital to help kick-start and grow their businesses.

“Helping our veterans translate their skills and become entrepreneurs driving the U.S. economy is one of the ways Bank of America is thanking them for their service,” said Chief Executive Officer Brian Moynihan.

Loans will be administered through participating community development financial institutions (CDFIs) – more...

5/18/18 10:00 am EDT

Bank of America and Discovery Place announced today the donation of the bank’s property at Sixth and Poplar Streets to Discovery Place. The Bank of America STEM Center for Career Development currently houses the Discovery Place Education Studio.   

Since its grand opening in the summer of 2014, the center has supported nearly 14,000 teachers from across North and South Carolina with programs designed to help them teach STEM education. Two years ago, Bank of America made an additional donation to launch a STEM program for girls, which has served more than 2,700 girls.  

more...

5/14/18 9:31 am EDT

Bank of America today announced that more than $2.8 million has been delivered to Gulf Coast nonprofits collectively supporting short- and long-term Hurricane Harvey relief efforts. In addition to the previously announced $1 million in Hurricane Harvey relief funding the Bank of America Charitable Foundation committed to nonprofit organizations in the days following the hurricane, an outpouring of support from bank employee donations totaling more than $900,000 was also matched dollar-for-dollar through the company’s Employee Matching Gifts program.

The grants and donations are more...

4/19/18 4:00 pm EDT

Bank of America, in collaboration with Cornell University, announced today the launch of the Bank of America Institute for Women’s Entrepreneurship at Cornell, an online learning portal that provides women entrepreneurs the skills, knowledge and resources to build, manage, and scale a successful business.

“The Bank of America Institute for Women’s Entrepreneurship at Cornell will provide training and educational resources to women at all stages of entrepreneurship,” said Anne Finucane, vice chairman, Bank of America. “Our signature collaboration with Cornell University demonstrates more...