OVERVIEW: The Bank of America Charitable Foundation promotes economic mobility and “thriving communities.”
IP TAKE: Bank of America supports pathways to economic mobility for individuals and families and runs a signature student leaders program. This funder accepts applications through its online system.
PROFILE: The Bank of America Charitable Foundation is the charitable arm of Bank of America, a global financial services company based in Charlotte, North Carolina. The foundation is committed to “advancing pathways to economic mobility in order to build thriving communities.” Its funding initiatives are economic mobility for individuals and families and economic mobility and social progress for the community. It also runs two signature programs: neighborhood builders and student leaders.
Bank of America supports college readiness through its economic mobility for individuals and families initiative and through its student leaders program. The economic mobility program supports workforce development programs, including those concerned with “keeping youth on track and connecting them to training and education they need for success,” including high school completion programs. The student leaders signature programs organizes paid internships for high school students who also attend a skills-oriented leadership summit.
Bank of America funds organizations that operate in the geographic areas where it does business. Grants range from $5,000 to $50,000.
Applications economic mobility for individuals and families grants are accepted in the first three weeks of February each year through the foundation’s online application system. The foundation can be contacted by mail at the address below or via email at Foundation@bankofamerica.com.
Bank of America Charitable Foundation
Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255
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