Bank of America Charitable Foundation philanthropic strategy

Learn about the charitable foundation funding opportunities through Bank of America and find out more about the company's funding priorities. BankofAmericaCharitableFoundationPhilanthropicStrategyEverywherewelook,weseepeopleworkinghardeachandeveryday. Hardforourfamilies.Ourcommunities.Ourjobs.Weallfacechallenges.Andyet,fighteachmomentalongtheway.Withconviction.Andcourage.Couragetochangeacircumstance.Couragetorallyacommunity.Couragetocreateamomentintimethatleadstobetter.Weseesuccesses.Big.Andsmall.Responsibilitiestackledtogether,withdriveanddetermination.Anditdrivesustoinvestinyou,ourpartners,andourcommunities.Creatingpartnershipsthatconnectpeopleandcommunitiestoopportunity.Buildingaclearpathtoeconomicprogressforallages.Races.Andlifestyles.Fromthoselookingforasecondjob,tothosewhoprovideasecondchance.Webelieveinofferingachancetobuild...andsometimesrebuild…careers,livesandcommunities.AtBankofAmerica,wehaveaclearpurpose.Tomakefinanciallivesbetter.Toworkhardwithyou.Toinvestinthefuture.Andtobeapartneralongtheway.Wearedrivenbyhardworkbypartnershipsandsharedsuccess.Wearedrivenbyyou. BankofAmerica,N.A.MemberFDIC.©2016BankofAmericaCorporation.©2022BankofAmericaCorporation.Allrightsreserved.AtBankofAmerica,we’reguidedbyacommonpurposetohelpmakefinanciallivesbetter.WedriveResponsibleGrowthbyfocusingonourclients,managingriskwell,andmakingsureourgrowthissustainable.Tobesustainable,wehavetoshareoursuccesswithourcommunitieswhichincludesallwedotodriveprogressonsocietalpriorities,includingthosebroadlydefinedintheUnitedNations(UN)SustainableDevelopmentGoals(SDG):poverty,hunger,education,affordablehousing,andotherkeyareas.Aspartofthiswork,wedevelopstrongpartnershipswithnonprofitorganizationsaddressingissuesfundamentaltoeconomicmobilityandsocialprogressinlow-andmoderate-incomecommunities.Wefocusonimprovingthelivesofindividualsandfamiliesbyinvestinginbasicneedsandworkforcedevelopmentandeducationandalsostrengtheningbroadercommunityvitalitybyaddressingneedsrelatedtoaffordablehousing,smallbusiness,andneighborhoodrevitalization.Throughourpartnerships,wesupportvulnerablepopulations,includingworkingfamilies,youthandyoungadultsoutofschoolandwork,seniors,individualslivingwithdisabilities,veterans,andthoseimpactedbythecriminaljusticesystem–enablingthemtomoveforwardtowardtheirgoals.Inresponsetotheongoingchallengesthatpeopleandcommunitiesofcolorface,wecontinuetoworktoadvance racialequalityandeconomicopportunitythroughoutmanyofourpartnerships.In2022,theBankofAmericaCharitableFoundationwillissuetworequestsforproposals(RFPs):EconomicMobilityfocusedonneedsofindividualsandfamilies(workforcedevelopment&educationandbasicneeds)Applicationsaccepted1/24/2022–2/18/2022EconomicMobilityfocusedonneedsofcommunity(affordablehousing,smallbusiness,neighborhoodrevitalization)Applicationsaccepted:5/30/2022–6/24/2022EconomicmobilityfocusedonneedsofindividualsandfamiliesBasicNeedsCoronavirushashadasignificantimpactonallpopulationsandadisproportionateimpactonvulnerablepopulationswhohaveexperiencedincreasedunemploymentandhigherlevelsofinfection.Asweemergefromthiscrisis,wearefocusedonhealthandeconomicrecovery.Inresponse,we’repartneringwithorganizationsaddressingtheeconomicandsocialconditionsthataffectanindividual’shealth,accesstocommunity-basedhealthservices,crisis-preventiontiedtofamilystabilizationprograms,andotherpovertyrelatedissues.Examples:Accesstohealthcareandfood –servicesthatimprovehealthoutcomeswithanemphasisonhungerreliefandaccesstonutritiousfood,community-basedhealthcare,mentalhealthcounselingandsubstanceusedisordertreatmentandrehabilitation.Familystabilization–accesstocrisispreventionprogramsandwrapservicesincludinghelpwithimmediateandsafeshelter,freeorsubsidizedbenefitslikeinternetaccess,utilities,childcare,transportation,financialassistanceandrecovery.Servicesforthehomeless –programsthatpreventorendhomelessness,suchasemergencyshelter,rapid-rehousing,rentalandutilityassistanceandpermanentsupportivehousing.WorkforceDevelopment&EducationEmploymentisakeydriverofeconomicmobility.That’swhywe’refocusedonbuildingpathwaystoemploymentbysupportingarangeofworkforcedevelopmentopportunities,includingeducation,upskillingandreskillingprograms–meetingpeoplewheretheyaresothatindividualsandfamiliescanadvance.Examples:Youthemployment –high-schoolcompletionprograms,skills-training(hardandsoftskills),first-timeemployment,internship,apprenticeship,andmentoring.Alternativepathwaysforadults –jobpreparedness,training,skills-building,collegeorvocationalcertification,careercounseling,ESLeducationandtraining,entrepreneurshipopportunities,andjobplacementandretention.Barrierstoemployment –organizationsthathelpindividualsovercomebarrierstoemployment(individualswithdisabilities,theformerlyincarcerated,fostercareyouth,individualslivinginextremepoverty)throughtraining,supportservices,andhousing.Nationalservice –nationalserviceopportunitiesforpeopletomakeapositiveimpactontheircommunitieswhiledevelopingmarketableskillsforemployment.EconomicmobilityfocusedontheneedsofthecommunityAffordableHousingThecurrentenvironmenthasunderscoredtheimportanceofsafe,decenthousingforanindividual’soverallwell-being,includinghealth,educationalsuccessandfutureemploymentopportunities.Yetformany,accesstoaffordablehousinghasbecomefurtheroutofreachwhileothersstrugglewiththepossibilityofeviction,foreclosureandhomelessness.That’swhywesupporttheeffortsoforganizationsworkingtopreserve,andincreaseaccesstoamixofaffordablehousingoptionsaswellasotheressentialassistance.Examples:Housingdevelopmentforvulnerablepopulationsthroughtheconstructionorpreservationofaffordablesingle,multi-family,transitionalandsupportivehousing.MinorityhomeownershipprogramsPathways tostablehousingorhomeownership throughfinancialhabitsandstabilityeffortssuchashomebuyereducation,budgeting,savings,andcreditcounselingincludingevictionandforeclosureprevention.Sustainabledevelopment effortscreatinghealthylivingenvironmentsthroughenergyefficiencyupgrades,retrofits,solarandothergreenbuildingefforts.SmallBusinessSmallBusinessesplayanimportantroleintheoverallhealthofournation’seconomy.Inresponsetothechallengessmallbusinessownersfaceintoday’senvironment,we’resupportingnonprofitsassistingentrepreneursespeciallyminorityandindigenousowned,astheyaddresstheirshorttermneedsandstrengthentheiroverallrecovery.Examples:Technicalassistance supportingbusinessplanning(shortandlongterm).Operationalcapacity ofCDFIsdeliveringessentialgrowthcapitaltoentrepreneurs.Supportingorganizationsassistingminority-ownedsmallbusinesses.Creatingbusinessincubatorsandaccelerators thatprovidementorships,resources,andnetworksentrepreneursneedtolaunch,fundandgrowtheirbusinesses.Assistingeconomicdevelopmentefforts thatpromotesmallbusinessgrowthandhealthycommercialcorridors.(e.g.Mainstreet).NeighborhoodRevitalizationVibrantcommunitiesareplaceswhereindividualscanthriveandsucceedandhavetheopportunitytoliveandworkwithsafe,decenthousing,transportationtojobs,strongbusinesscorridorsandthrivingartsandculturedistricts.Wesupportlocalandregionalrevitalizationefforts,takingaholisticapproachtobuildinginclusivecommunities,creatingeconomicopportunityandlivableneighborhoods.Examples:Revitalization,preservation,andstabilizationinitiativesthatengagecommunitystakeholdersinbuildinglivablecommunities.Transit-orienteddevelopment effortsthatconnectindividualstojobs,services,schools,andeconomicopportunity.Communityartsandculturalinstitutions thatprovideeconomicopportunityandcontributetothevitalityandlivabilityofcommunities.Resiliencyofcommunities supportingshortandlongtermplanstoprepare,withstandandrecoverfromextremeweathereventsandthelong-termimpactsofclimatechange.Environmentalefforts throughthepreservation,creationorrestorationofopenspace,parksandcommunitygardens.Supportingorganizations/initiativesthatbringenergyefficiency andrenewableenergyadvancestoLMI/BIPOCcommunities.AcopyoftheBankofAmericaCharitableFoundation’s990maybefoundonpubliclyaccessiblesitessuchasGuidestar(GuidestarisunaffiliatedwithBankofAmerica).Share:ExploremoreLocalgranteligibilitycriteriaFAQsfortheBankofAmericaCharitableFoundationRequestforProposal(RFP)grantsWiredforacareerintechCloseinterstitialmodal