Bank Of America Charitable Foundation Inc

Bank Of America Charitable Foundation Inc Overview

Bank Of America Charitable Foundation Inc is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Bank Of America Charitable Foundation Inc generated $304.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $309.1m during the year ending 12/2020. While expenses have increased by 12.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Bank Of America Charitable Foundation Inc has awarded 252,387 individual grants totaling $1,263,629,877. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $304,484,784
Interest on Savings $51,344
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $177,088
Total Revenue $304,713,216

Bank Of America Charitable Foundation Inc Grants Awarded

Over the last fiscal year, Bank Of America Charitable Foundation Inc has awarded $618,256,266 in support to 101,622 organizations.

Grant RecipientAmount

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$5,000,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$3,000,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$3,000,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$3,000,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$3,000,000
View Grant Profile

Bank Of America Charitable Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Bank Of America Charitable Foundation Inc has recieved totaling $45,000.

Awarding OrganizationAmount
The Fund For Parks And Recreation In Boston

Boston, MA

PURPOSE: DOROTHY CURRAN WEDNESDAY NIGHT CONCERT SERIES

$30,000
The Fund For Parks And Recreation In Boston

Boston, MA

PURPOSE: ROSE GARDEN PARTY SPONSORSHIP

$15,000
View Grant Recipient Profile

Bank Of America Charitable Foundation Inc Peer Organizations

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