EIN 20-0721133

The Bank of America Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Charlotte
Year formed
2004
Most recent tax filings
2020-12-01
NTEE code, primary
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
$304,713,216
2020
Total expenses
$309,132,560
2020
Total assets
$8,919,572
2020
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
Foundation for the CarolinasGeneral Support$5,000,000
Foundation for the CarolinasGeneral Support$3,000,000
Foundation for the CarolinasGeneral Support$3,000,000
...and 870 more grants made totalling $158,800,831

Personnel at The Bank of America Charitable Foundation

NameTitleCompensation
Brian MoynihanChairman of the Board, Chief Executive Officer
Catherine P. BessantChief Operations and Technology Officer
Thomas K. MontagChief Operating Officer
Paul M. DonofrioChief Financial Officer
Andrea B. SmithChief Administrative Officer
...and 19 more key personnel

Financials for The Bank of America Charitable Foundation

RevenuesFYE 12/2020
Total grants, contributions, etc.$304,484,784
Investment income and dividends$51,344
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$177,088
Total revenues$304,713,216

Form 990s for The Bank of America Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-122021-06-23990PFView PDF
2019-122020-08-19990PRView PDF
2018-122019-11-21990PFView PDF
2017-122018-11-15990PFView PDF
2016-122017-09-12990PFView PDF
...and 8 more Form 990s

Organizations like The Bank of America Charitable Foundation

OrganizationLocationRevenue
Ford Motor Company FundDearborn, MI$101,489,118
Ergon FoundationJackson, MS$132,707,349
Wal-Mart FoundationBentonville, AR$128,176,663
Citi FoundationNew York, NY$77,352,270
Blue Cross and Blue Shield of North Carolina FoundationDurham, NC$94,431,007
Enterprise Holdings FoundationClayton, MO$81,414,813
Interlaken FoundationNew York, NY$158,903,882
JP Morgan Chase FoundationNew York, NY$354,862,569
Wells Fargo FoundationMinneapolis, MN$360,437,141
Eastern Bank Charitable Foundation (EBCF)Lynn, MA$106,265,961
Data update history
October 9, 2021
Posted financials
Added Form 990PF for fiscal year 2020
September 27, 2021
Updated personnel
Identified 2 new personnel
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
June 15, 2020
Used new vendors
Identified 1 new vendor, including
March 18, 2020
Updated personnel
Identified 20 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationCharities
Issues
EducationArts, cultural, and humanitiesHuman servicesJobs and employment
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
about.bankofamerica.com/en/making-an-impact/find-resources?cm_mmc=ebz-enterprisebrand-_-vanity-_-eb01vn0038_foundation-_-na 
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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