Our people

Giving & volunteering

In 2018, our employees contributed 2 million volunteer hours and directed more than $74 million to communities.

Supporting our employees’ passion to improve communities through giving and volunteering

Every day, around the globe, our #BofAVolunteers are helping improve communities, whether mentoring youth, advancing better money habits for individuals or building affordable housing for working families. Our employees donate generously to causes that they care about, from disaster relief to education and other community needs. Each year, our employees volunteer 2 million hours to strengthen communities and provide generous financial donations to more than 25,000 nonprofits around the world, annually directing more than $60 million in total to communities via individual giving and the bank’s matching gift program.

We’re proud to support our employees’ passion and commitment to volunteering and giving as part of our approach to responsible growth. We know that community needs are great, and one of the ways we can play a role in helping to address tough issues is by connecting our employees to meaningful opportunities to help advance economic and social progress. That’s why we’ve developed a robust volunteering and giving program that includes offering flexibility on options for getting involved — including paid time off to volunteer, partnerships with nonprofits that are creating change in local communities, and a matching gifts program that offers employees a wide range of eligible organizations. We’re honored to have been recognized as a Fortune Best Workplace for Giving Back, and we’re committed to continuing our long-standing support of employee giving and volunteering.

Volunteering

Our signature skills-based volunteer program, Better Money Habits Volunteer Champions, aligns with our purpose to improve financial lives in the communities we serve. Champions are a group of dedicated employees who help deliver Better Money Habits® content to individuals and families directly and through our nonprofit partners. More than 3,000 employees have signed on as champions, helping to deliver valuable resources to at-risk youth, single mothers, the elderly, working families and more. This skills-based volunteer opportunity supports our philanthropic focus of advancing economic mobility for vulnerable populations in the communities we serve.

Other examples of volunteering that align with our broader strategy around economic mobility include mentoring, career coaching, building affordable housing, helping those at risk of hunger and serving on nonprofit boards. By encouraging employees to connect with a variety of causes, we strengthen our communities through volunteerism while also helping employees develop skills such as leadership and team building.

We are committed to providing the flexibility, resources and support our employees need to make a difference in the wide range of causes that matter most to them, and we celebrate this work regularly. Some examples of the guidelines and recognition opportunities we have established include:

  • Providing paid time off for volunteerism
  • Providing grants up to $500 USD for organizations where employees volunteer regularly
  • Celebrating employees’ impact through a quarterly and annual honor roll, and our annual Global Volunteer Awards, which recognize exceptional colleagues and teams for their commitment to making a difference
  • Participating in the President’s Volunteer Service Award, which recognizes U.S. employees recording at least 200 volunteer hours annually

In 2008, we began observing the month of April as our Global Service Month, when we celebrate our passion for year-round giving and volunteering with a calendar full of volunteer activities and recognition. We also recognize April as Financial Capability Month in the U.S. and celebrate Earth Day in keeping with our enterprise focus on the environment.

Follow us on social media and find out how employee volunteers are making a difference in your community, by searching for the hashtag #BofAVolunteers.

Employee giving

As part of our commitment to the communities we serve and in recognition of the passion and commitment of our employees to improve the communities where we live and work, we offer flexible giving options and matching gifts to support employees’ charitable interests.

We’re committed to fostering a strong culture of employee giving. Our matching gifts program doubles the impact of employee giving to a wide range of nonprofit organizations rather than any one area of focus. Each employee may direct up to $5,000 USD of matching gifts per calendar year. We empower employees to make charitable donations year-round, with resources that allow them to make one-time and recurring contributions to any eligible nonprofit organization of their choice, including the opportunity to use payroll deduction for charitable giving.

In addition, we offer opportunities throughout the year for employees to engage with enterprise programs supporting social causes and offer employees guidance on how to support disaster relief in times of need. We annually encourage employees to support organizations of their choice through charitable contributions on #GivingTuesday, a global day of giving that harnesses the collective power of individuals, communities and organizations.

Demonstrating our commitment

Giving and volunteering is part of our culture at Bank of America. Our employee volunteers participate in programs like Habitat for Humanity, Better Money Habits Volunteer Champions & mentoring programs. We have been honored to be recognized by Fortune magazine as a Best Workplace for Giving Back.

See more way our employees are volunteering within their communities.


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