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EIN 20-0721133

The Bank of America Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Charlotte
State
North Carolina
Year formed
2004
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
The The Bank of America Charitable Foundation is a private foundation that is located in Charlotte, NC. Its purpose is the recovery of monies previously granted by organization. Last year it made 50,811 grants. Grantees include Foundation For The Carolinas.
Total revenues
$76,977,118
2022
Total expenses
$314,984,193
2022
Total assets
$13,022,222
2022
Num. employees
n/a

Program areas at The Bank of America Charitable Foundation

Recovery of monies previously granted by organization

Grants made by The Bank of America Charitable Foundation

GranteeGrant descriptionAmount
American Heart Association (AHA)Program/operating Support$2,500,000
Morehouse CollegeProgram/operating Support$2,500,000
Spelman CollegeProgram/operating Support$2,500,000
...and 724 more grants made totalling $136,397,803

Personnel at The Bank of America Charitable Foundation

NameTitleCompensation
Signing OfficerSenior Vice President
Jennifer Locane SilvaniaVice President$0
Thomas EbonyPresident$0
Kerry H SullivanSenior Vice President$0
Sullivan Kerry HPresident$0
...and 14 more key personnel

Financials for The Bank of America Charitable Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$77,367,290
Investment income and dividends$3,582,933
Net rental income$0
Net gain from sale of non-inventory assets$-4,117,933
Gross sales of inventory$0
Miscellaneous revenues$144,828
Total revenues$76,977,118

Form 990s for The Bank of America Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990PFView PDF
2021-122022-05-10990PFView PDF
2020-122021-06-23990PFView PDF
2019-122020-08-19990PRView PDF
2018-122019-11-21990PFView PDF
...and 10 more Form 990s

Organizations like The Bank of America Charitable Foundation

OrganizationLocationRevenue
The USAA FoundationSan Antonio, TX$20,103,005
MassMutual FoundationSpringfield, MA$36,320,000
First Interstate BancSystem FoundationBillings, MT$24,872,329
Nike FoundationBeaverton, OR$37,684,992
Blue Cross and Blue Shield of NC FoundationDurham, NC$27,071,633
Caterpillar FoundationPeoria, IL$72,859,942
Keybank FoundationCleveland, OH$25,863,883
Western and Southern Financial FundCincinnati, OH$19,532,887
PG&E Corporation FoundationOakland, CA$27,412,602
The UPS FoundationAtlanta, GA$53,465,266
Data update history
August 11, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 1, 2023
Updated personnel
Identified 4 new personnel
June 28, 2023
Used new vendors
Identified 1 new vendor, including
May 19, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
401 N Tryon St NC1-021-06-01
Charlotte, NC 28255
County
Mecklenburg County, NC
Website URL
promo.bankofamerica.com/expiredoffer/ 
Phone
(980) 386-9127
IRS details
EIN
20-0721133
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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