Eligibility criteria
The Bank of America Charitable Foundation’s Matching Gifts Program is subject to IRS rules and regulations which include the following:
We do not match charitable gifts to private foundations, family or donor advised funds, or gifts to political or fraternal organizations.
We do not match charitable gifts that provide benefits directly to employees or their families, such as trips, tours, internships, tuition, event tickets, parking privileges, club dues, products and services, or discounts on products or services.
We will allow matching gifts for athletic programs with a youth development component that have an impact on grades K-12 or the in-country equivalent.
We match pledges after the employee pays them. Future pledges are not matched through the program. Payment of pledge must meet criteria of the program. If an organization’s program changes and is no longer eligible under the Matching Gifts Program criteria, payment will not be made.
Beyond these requirements, as a corporate foundation, our program is subject to additional restrictions which limit our support of gifts to the following:
The following organizations are not eligible for funding:
Any organization that discriminates based on race, nationality, ethnicity, religion, sex, gender, gender identity, sexual orientation, age, disability or veteran status. This also includes organizations that espouse hate and discrimination towards any group
Individuals, including those seeking scholarships or fellowship assistance
Political, labor, fraternal organizations, or civic clubs
Government and municipal agencies and organizations
Endowment funds
Fiscally sponsored organizations
We do not provide general funding to any organization whose purpose is to promote or to discourage the observance or influence of religious beliefs. However, we will support such organization’s funding of homeless shelters, soup kitchens or other social service needs. The organization may be asked to provide proof of the community program receiving funding.
Individual pre-K-12 schools (this includes private, public, charter, individual school supporting foundations, PTA/PTO organizations etc.)
Memorial campaigns
While we may sponsor the opportunities below through other funding avenues, these opportunities are ineligible for charitable grants, with rare exceptions.
Sports, athletic events, or athletic programs
Travel-related events, including student trips or tours
Development or production of books, films, videos, or television programs.
Contact us at foundation@bofa.com
Employee giving program review policy
Participants are:
Bank of America regularly evaluates our programs to ensure the process adheres to stated guidelines and our commitment to corporate social responsibility, including random reviews of organizations receiving matching funds from our programs. Organizations selected for review will be required to provide documentation verifying receipt of individual donations for each participant.
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.
Make sure that you are familiar with these matching gift program rules. Failure to abide by these rules or providing any false or misleading information in connection with a matching gift request could result in disciplinary action up to and including termination, as well as possible civil or criminal liability.
Bank of America reserves the right, in its sole discretion, to discontinue funding and to demand the return of the matching gift grant amount, or any portion thereof, and any income earned thereon, if you provide Bank of America with any false or misleading information or make any misrepresentations in connection with this request for a matching gift.