Bank Of America Charitable Foundation Inc

Location: 150 N College St Nc1-028-17-06, Charlotte, 28202 NC

EIN: 20-0721133

Write a Review

25%

75%

What was the overall relationship with the funder?

How many hours did the grant application process take?

6 hours

Median

32%

68%

How would you rate this funder's accessibility?

47%

53%

How successfully do you think the funder is accomplishing its current philanthropic goals?

Important Information

2017 Deadlines:

Types of Grants Awarded:

Geographic Focus:

Interests/Priorities

Key Personnel

Financial Summary

For Fiscal Year

Total Assets:

Total Grants:

Change in Assets FY :

Amount of Grants to Minnesota Nonprofits:

Sample Grants to Minnesota Nonprofits in

Largest Grant:

Smallest Grant:

Average Grant:

Top descriptors for this funder

4Difficult to work with4Doesn't "get" nonprofits and issues3Bureaucratic2Risk averse2Builds relationships2Friendly1Culturally incompetent1Inadvertently exerts negative influence in the field1"Gets" nonprofits and issues1Gives more than money1Likes site visits1Positive leader in the field

Advice from a Friend

Bank Of America Charitable Foundation Inc

Feb 20, 2020 2

Grant Applicant - applied in 2020

Near impossible to understand how to get a larger grant. Seem to match the guidelines in a significant way, but gift stays (at best) low and flat year to year.

Cons

Bureaucratic

More Feedback

Feb 12, 2020 2

Professional in the field

This is a very long, invasive application with low chance of award. Consider carefully before you spend your precious time on this beast. I am a grant writing consultant and this is possibly the worst application I have to complete, among about 100 apps submitted annually. They ask a ton of questions, and everyone applying has to provide their bank information, putting thousands of nonprofits at needless risk. They ask if they can contact one of your clients (!!!) I don't know who wrote this RFP but it's a hot mess.

Cons

Bureaucratic

More Feedback

Aug 01, 2019 2

Reviewer 1223 - Grant Applicant - applied in 2018

Local bank branch staff are not aware of the grants process. You must establish a relationship with the regional director. Unfortunately, that is very hard to do. It is difficult to get simple questions answered. It's grant application is complex and onerous considering the amounts awarded.

Cons

Difficult to work with

More Feedback

Jun 24, 2019 1

Grant Applicant - applied in 2017

On a recent call with the program officer, we were told they are now making fewer, but larger grants. We have received several small ($2.5K) grants from them in the past. Their website is confusing and it is difficult to access a person to talk to.

More Feedback

Jun 21, 2019 2

Reviewer 9138 - Grant Applicant - applied in 2019

You need someone from your regional BofAs to push your application forward, preferably someone with rank who can serve on your Board. Once you get a local champion, if they don't actively move your application along, they may as well actively disparage it--same effect. Prioritize your relationship.

Cons

Inadvertently exerts negative influence in the field, Doesn't "get" nonprofits and issues, Difficult to work with, Risk averse

More Feedback

Jun 12, 2019 2

Reviewer 9878 - Grant Applicant - applied in 2019

You must have a champion, I suspect a bank employee but perhaps another nonprofit that they have funded for a very long time. I have tried unsuccessfully for a few years. We are partnered with others that they fund and I think the alignment is there but nothing. Trying to get feedback is tough.

Cons

Doesn't "get" nonprofits and issues, Culturally incompetent, Risk averse

More Feedback

Jun 12, 2019

Grant Applicant - applied in 2018

BoAF will be supportive once you get to know the officers and decision makers. As long as they like your work, you will have a champion. However, in our experience we rarely saw an increase in grant funding, even though a bank should understand inflation.

More Feedback

Jun 11, 2019 2

Reviewer 770 - Grant Applicant - applied in 2019

Read all the way through the application first. Some of the items you might normally include in a narrative section will be asked later, so you can save your character count for something else.

Pay attention to word counts! The "Detailed Grant Description" gives you an insufficient number of characters. Use them wisely.

More Feedback

Jul 09, 2018 1

Reviewer 2327 - Grant Applicant - applied in 2018

I was very pleased with the response to our application. Invited in for an informal discussion regarding the project and how BoA could make a greater community impact.

Pros

Builds relationships, Likes site visits, "Gets" nonprofits and issues

More Feedback

Jul 09, 2018 2

Reviewer 761 - Grant Applicant - applied in 2018

We applied several years now and tried networking with contacts to the foundation without any success. Truly believe you need a champion on BofA Foundation to get results.

Cons

Bureaucratic

More Feedback

Would you like to share your experiences about this funder?

funder logo

Bank Of America Charitable Foundation Inc