This scholarship is named in honor and memory of Joe Martin, former Principal Corporate Affairs Executive and Special Counsel to former Chairman Hugh McColl. Joe sacrificed much time and effort to better his community. He represented the kind of well-rounded, knowledge-seeking character that Bank of America hopes to mirror in its quest to provide opportunities to students with the determination to excel.
The Joe Martin Scholarship program is a competitive scholarship program available for college or vocational schools in the U.S. to dependents of Bank of America employees.
Scholarships are awarded based on financial need, academic achievement, leadership, character, and contributions to school and community.
Awards are $2,500 for 1 year of full-time study, and may be renewed for up to 3 additional years on the basis of satisfactory academic performance.
For an employee’s dependent to be eligible, an employee must be:
- An active full-time or part-time Bank of America employee at the time of award recipient selection (service with predecessor banks or subsidiaries of Bank of America is counted as Bank of America service)
- Employed by Bank of America for at least 1 year by the time of award recipient selection
- In job bands 4 - 9 at the time of award recipient selection (employees in job bands 0 - 3 are not eligible).
- Dependents of deceased, disabled or retired employees are also eligible
- Be 23 years of age or younger and a dependent of a Bank of America employee
- Be a high school senior or graduate
- Plan to be enrolled or currently be enrolled in a full-time undergraduate course of study at an accredited 2- or 4-year college, university, or vocational/technical school located in the United States
- Enroll in the college, university, or vocational/technical school of their choice in the United States no later than the fall of the year in which the award is given
Bank of America may suspend, change or terminate this program at any time. The interpretation, application and administration of the program shall be determined by the Board of Directors of the Bank of America Charitable Foundation Board, whose decision is final.