Bank of America/BankAmerica Foundation
NC1-007-18-02
Phone: 888/488-9802
Website: http://www.bankofamerica.com/foundation
Date Established: 1968.
Purpose and Activities: Bank of America Foundation views its contributions as an investment in the community. Through its grants program the foundation hopes to improve the quality of life, to address the needs of education, and to create an atmosphere that will result in a stronger and richer community. The foundation is defined as market to market to ensure funding for key community priorities. For Albuquerque The Bank of America Foundation offers the Neighborhood Excellence Initiative which priorities are: community development with an emphasis on affordable housing, workforce development, small business development and neighborhood revitalization; education with an emphasis on early childhood development and English as a second language; Health and human services with an emphasis on United Way support and family support services which includes Neighborhood Builders which provides $200K in general operating support / provides leadership training to two non-profit organizations working together to create vibrant neighborhoods.
Eligibility Requirements: Applicants must be tax-exempt under Section 501(c)(3) of the Internal Revenue Code. The foundation gives priority to requests from organizations in geographic areas where Bank of America currently does business. Grants will be considered for specific projects as well as operating support. Generally, except for capital projects, support will be given for only one year and organizations must reapply for support each year. To be eligible, organizations and projects must have broad community support, address specific community needs, and demonstrate fiscal and administrative stability by showing strong board commitment, good management policies and practices, and the ability to produce a budget and organizational financial statements. The foundation will not make grants to individuals; memorial campaigns; political activities; religious organizations for sectarian purposes; athletic events and programs; endowment campaigns; advertising; development or production of books, films, or video projects; organizations that discriminate on the basis of age, race, creed, or gender; or individual pre K-12 schools. An eligibility quiz is on the website listed above to help.
Application Data: Applicants should complete the online eligibility quiz. Upon successful completion of the quiz, you will then be directed to the online application. From there your application will be reviewed by a leadership team in your geographic area.
Deadline: June 30th.
Fiscal Information: Total grant expenditures
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Sample Grant: $88.4K to the United Way of