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The Bank of America Charitable Foundation provides grant funding for nonprofits specifically focused on advancing economic mobility. They also operate an extensive program of arts and sports sponsorships designed to support the economic, social and cultural life of the communities where they operate.
The foundation operates through multiple giving mechanisms including direct grants, the Bank of America Charitable Foundation Matching Gifts program, and Volunteer Grants program. Their mission centers on supporting economic opportunity while fostering community development through strategic partnerships with nonprofits and cultural organizations.
As part of one of the largest financial institutions in the United States, the Bank of America Charitable Foundation plays a significant role in the philanthropic ecosystem by leveraging corporate resources to address economic inequality. Their comprehensive approach combining direct funding, employee engagement through matching gifts, and community sponsorships creates multiple pathways for impact in the communities they serve.
The Bank of America Charitable Foundation focuses their funding on nonprofits that advance economic mobility, indicating a clear investment thesis centered on addressing economic inequality and creating pathways for financial advancement. They complement this core focus with strategic sponsorships in arts and sports sectors that contribute to the broader economic, social and cultural development of communities.
Based on the available information, their approach appears to be geographically focused on places where Bank of America lives and works, suggesting a community-centered investment strategy. They define impact through the lens of economic mobility advancement and community development, though specific geographic parameters and funding stages are not detailed in the provided content.

Photo credit: Bank of America Charitable Foundation
Economic Mobility Focus
Grant funding specifically targets programs that advance economic mobility for individuals and families.
Community Sponsorships
Extensive arts and sports sponsorship programs support local economic, social and cultural development.
Matching Gifts Program
Foundation offers matching gifts program to amplify employee charitable contributions.
Volunteer Grants
Additional volunteer grants program supports community engagement by Bank of America employees.
Focus areas
Locations