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EIN 20-0721133

The Bank of America Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Charlotte
State
North Carolina
Year formed
2004
Most recent tax filings
2023-12-01
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
$220,225,056
2023
Total expenses
$225,672,317
2023
Total assets
$7,556,845
2023
Num. employees
0
2023

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
Close Up FoundationProgram/operating Support$1,715,000
UnidosUSProgram/operating Support$1,425,000
...and 700 more grants made totalling $89,637,231

Who funds The Bank of America Charitable Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bruner FoundationContributions Are To A Public Charity and Not Restricted As To Use.$5,000

Personnel at The Bank of America Charitable Foundation

NameTitleCompensation
Paul DonofrioDirector$0
Jennifer SilvaniaSenior Vice President$0
Ebony ThomasPresident$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 12/2023
Total grants, contributions, etc.$218,933,111
Investment income and dividends$1,187,776
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$104,169
Total revenues$220,225,056

Form 990s for The Bank of America Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-09990PFView PDF
2022-122023-05-10990PFView PDF
2021-122022-05-10990PFView PDF
2020-122021-06-23990PFView PDF
2019-122020-08-19990PRView PDF
...and 11 more Form 990s

Organizations like The Bank of America Charitable Foundation

OrganizationLocationRevenue
Caterpillar FoundationPeoria, IL$77,740,833
James M Cox Foundation of GeorgiaAtlanta, GA$87,439,210
Citi FoundationNew York, NY$84,233,338
Wal-Mart FoundationBentonville, AR$132,015,837
Duke Energy FoundationCharlotte, NC$61,727,547
Wells Fargo FoundationMinneapolis, MN$256,338,473
Target FoundationMinneapolis, MN$57,393,098
The Coca-Cola FoundationAtlanta, GA$128,571,584
JP Morgan Chase FoundationNew York, NY$155,763,432
Builders Initiative FoundationChicago, IL$519,855,780
Data update history
August 19, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 9, 2024
Updated personnel
Identified 4 new personnel
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
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
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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