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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteBank of America’s philanthropic work combines grants, nonprofit leadership development, workforce programs, basic-needs funding and employee participation. For nonprofits, the key distinction is between grants from the Bank of America Charitable Foundation and grants from private foundations administered through Bank of America Private Bank: they are separate channels with different funding sources, eligibility rules and application processes.
What Bank of America’s philanthropic efforts include
The bank describes its charitable priorities as basic needs, income creation, stable housing and empowered communities. Its approach links immediate needs—such as food, shelter and health—to longer-term opportunities including mentoring, skills development, work experience and entrepreneurship. The stated aim is to help people and communities build stability and economic mobility.
That work takes several forms. It includes grants, leadership development for nonprofit executives, workforce partnerships, announced commitments for hunger and other basic needs, and employee volunteering and matching gifts. These activities are not interchangeable: some provide funding to organizations, while others offer training, networks or employee participation.
How nonprofit organizations can seek support
Organizations should first identify the right channel, then check its current criteria and application window. A Charitable Foundation grant, a private foundation grant administered by Private Bank and a sponsorship are distinct opportunities.
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Bank of America Charitable Foundation grants
The Foundation’s funding page directs organizations that align with its priorities and eligibility requirements to an online application. Its local grant eligibility criteria state that applicants must be tax-exempt 501(c)(3) public charities, not private foundations, based in and serving Bank of America markets, and aligned with the funding priorities.
The criteria also exclude categories and uses such as individuals, government and municipal agencies, endowment funds, fiscally sponsored organizations, political and labor organizations, and certain other applicants or purposes. Because requirements and application dates may change, consult the current criteria and program page rather than relying on an old application calendar.
Private foundations administered through Bank of America Private Bank
These grants come from the relevant private foundation, not from Bank of America’s Charitable Foundation. Each foundation may have its own donor-defined mission, geography and procedures. The Philanthropic Solutions portal provides grantmaking information for more than 160 foundations. It also reports that, as of October 2023, it served more than 5,000 private foundations nationally as trustee, co-trustee or agent. Those figures describe the portal’s scope, not a single pool of funds available to applicants.
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Sponsorships
Sponsorships are presented separately from charitable grants. Bank of America’s sponsorship resources say the application process moved to a new portal effective April 1, 2026. The earlier portal remains available for checking prior applications and submitting payment documentation; prospective applicants should follow the current process linked from the resources page.
Neighborhood Builders develops nonprofit leaders
Bank of America says its Neighborhood Builders program has operated since 2004 as an investment in nonprofit leadership. Each selected organization receives leadership training for its executive director and an emerging leader, access to a nationwide peer network and resources intended to help expand its impact. The bank reports that the program has trained more than 4,000 leaders at nearly 2,000 U.S. nonprofits over two decades.
The 2026 application cycle is closed. The program page says the next cycle is expected to open in Spring 2027; applicants should check the page for updated timing and requirements.
Workforce development: two different accounts of 2025 results
Bank of America reported nearly $40 million invested in workforce development in 2025, but two company publications give different partner and outcome counts. The figures below should be read as separate accounts, not merged into one set of results.
| Publication | Partners reported | Partner-estimated outcomes reported |
|---|---|---|
| Bank of America Newsroom release, February 26, 2026 | More than 100 universities and community colleges and over 600 nonprofit partners across U.S. markets | Approximately 86,400 people connected to livable-wage jobs; 265,000 people accessed training, education and career-readiness programs |
| Bank of America 2025 Annual Report, published 2026 | Over 730 workforce partners | More than 90,000 people secured livable-wage jobs; more than 290,000 accessed training, education and career-readiness programs |
The release and annual report do not reconcile their differing partner or outcome figures. Both describe outcomes as partner estimates, rather than independently audited causal findings. The release highlights examples including NextOp’s civilian career support for service members and veterans and paid pre-nursing internships at Taft College. The annual report describes labor-market data, career-readiness training, high-value credentials, work experience and leaders loaned to nonprofits as parts of the bank’s approach.
Meghan Hughes, Bank of America’s Head of Workforce Development, said, “Career and technical education are critical to building strong local economies.”
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Funding for hunger and other basic needs
On October 31, 2025, Bank of America announced a commitment of $250 million over five years to support families and individuals experiencing food insecurity and other basic needs nationwide. The announcement included $5 million for nearly 100 nonprofits providing urgent food assistance. The bank also said it then provided annual philanthropic funding to more than 1,200 organizations focused on hunger and related needs. These are company-announced commitments and funding descriptions; the $250 million is not evidence that the full amount has already been disbursed.
Details are in the bank’s October 31, 2025 announcement.
How employees participate
Bank of America says employees can take part through volunteer opportunities, paid time off to volunteer and a matching-gifts program. The cited company information does not provide a current consolidated figure for volunteer hours or the companywide impact of matching gifts, so those activities should not be assigned an overall impact total based on the available figures.
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What to compare before applying or assessing impact
- Channel: Determine whether you are pursuing a Charitable Foundation grant, a private foundation grant or a sponsorship.
- Fit: Check the organization’s mission, location and service area against that channel’s stated priorities and geographic limits.
- Eligibility and timing: Review current exclusions, application instructions and deadlines on the relevant official page.
- Type of support: Establish whether the opportunity offers money, leadership development, access to a peer network, employee expertise or volunteer participation.
- Impact figures: When citing workforce results, name the publication and distinguish its partner count and partner-estimated outcomes from the other 2025 account.
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