2012 Corporate Social Responsibility Highlights

Arts & culture

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The arts are a powerful tool to help economies thrive, individuals connect with each other and across cultures, and educate and enrich societies. As a global company, we have supported the arts sector in the United States and have promoted cultural diplomacy worldwide by helping to fund the international tours of such renowned organizations as the Chicago Symphony Orchestra and the Alvin Ailey America Dance Theater.

We support museums, theater, art conservation and dance worldwide. Our program is unique, diverse and built around three main pillars.

  • Bank of America’s support helps enable a wide range of organizations, from local, community–based arts programs to leading, world-class arts institutions to inspire, educate and contribute to both the economic and creative vitality of their communities.
  • The Bank of America Art Collection has been converted into a unique resource that we share — as customized exhibits or in its entirety — with museums and nonprofit galleries at no cost, generating vital revenue for participating institutions.
  • The Bank of America Merrill Lynch Art Conservation Project provides grants for the restoration of paintings, sculptures, archaeological or architectural pieces that are significant to the cultural heritage of a country or region, or important to the history of art to preserve them for future generations.

Pacific Standard Time: Art in L.A.

As a supporter of the arts in Los Angeles, we worked with the Getty Foundation and more than 60 cultural organizations and 70 galleries across Southern California to produce Pacific Standard Time: Art in L.A. 1945-1980. This series of exhibitions, which celebrated the evolution of the arts scene in Los Angeles, attracted approximately 1.8 million visitors. It also provided $280.5 million in economic output, supported 2,490 jobs and added $19.4 million in tax revenues for state and local governments. Beyond their economic impact, these exhibitions brought together diverse communities to foster mutual understanding and respect.

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) Museum in Mumbai, India

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Mughai Emperor Akbar's Court (1542-1605) Anvar–I Suhayli, c. 1575
Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) Museum, Mumbai

Works of art provide a lasting reflection of nations and cultures, but over time, they are subject to deterioration or even loss. In 2012, the Bank of America Merrill Lynch Art Conservation Project supported the preservation of at the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) Museum in Mumbai, India.

This work, given to CSMVS in 1973, is part of a centuries-old tradition of illustrated manuscripts known throughout the Muslim world as the Kalilah wa Dimna. Its conservation will seek to undo fire damage, flaking and loss of paint, and restore all of the illustrations.

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