Bank of America Charitable Foundation Philanthropic Strategy

At Bank of America, we’re guided by a common purpose to help make financial lives better. Through our focus on Responsible Growth, we deliver for our teammates, clients and shareholders, while addressing economic mobility and social progress focused on the needs of the community. We drive meaningful and sustainable progress to help address society’s biggest challenges by aligning all our resources – including our financing, our client products and services, our philanthropy and how we manage our own activities. 

As part of this work, we develop strong partnerships with nonprofit organizations focused on issues fundamental to economic mobility in low- and moderate-income communities. We focus on improving the lives of individuals and families by investing in health, jobs, and strengthening broader community vitality by addressing needs related to small business resiliency, and community development.

Through our partnerships, we support vulnerable populations, including working families, youth, seniors, individuals living with disabilities, veterans, and those impacted by the criminal justice system – enabling them to move forward in their goals.

In 2025, the Bank of America Charitable Foundation will issue two requests for proposals (RFPs): 

  • Basic Needs and Income Creation
    Application Period: 2/3/2025 - 3/3/2025

  • Stable Housing and Empowering Communities
    Application Period: 5/19/2025 - 6/30/2025

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8 lines of business: for people, companies & investors

Through our eight lines of businesses, we focus on helping individuals navigate every stage of their financial lives, working with companies—large and small—to drive the economy forward, and providing insights, ideas and research for institutional investors.

Our approach to materiality

Our approach to materiality is guided by our commitment to Responsible Growth and doing so in a sustainable manner, which helps us deliver returns to our clients and shareholders and help address society’s biggest challenges.
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Bank of America's ethical business practices

Our responsible business practices have a direct, positive impact on two areas critical to our growth: Our strength and stability as a global financial institution; Our capacity to meet the financial needs of our clients in all phases of their lives.