Bank Of America Charitable Foundation Inc

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

EIN: 20-0721133

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33%

67%

What was the overall relationship with the funder?

How many hours did the grant application process take?

6 hours

Median

39%

61%

How would you rate this funder's accessibility?

54%

46%

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

Important Information

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Top descriptors for this funder

4Doesn't "get" nonprofits and issues3Difficult to work with2Risk averse2Builds relationships2Friendly1Bureaucratic1Culturally 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

Jun 24, 2019

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.

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Jun 21, 2019

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

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Jun 12, 2019

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

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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.

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Jun 11, 2019

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.

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Jul 09, 2018

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

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Jul 09, 2018 1

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

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Jun 08, 2018 1

Grant Applicant - applied in 2016

It's absolutely true that you have to have a relationship with the local folks, and that BoA funds agencies and places where they can maximize their public relations benefits. But I've always had good luck talking with the local market people, who were very accessible and friendly. If you aren't in a market they value, you'll probably be wasting your time on a lengthy application.

Pros

Positive leader in the field, Gives more than money, Friendly, Builds relationships

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Jun 01, 2018 2

Grant Applicant - applied in 2018

It is impossible to find contact information for an actual person who can talk to you about your request prior to applying. I have applied a few times for projects that seem to be a great fit for their priorities and have never been funded.

Cons

Doesn't "get" nonprofits and issues

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May 08, 2018 1

Reviewer 8115 - Grant Applicant - applied in 2018

This one sort of seems like sending an application into space and wondering what will happen. Hard to reach them to talk out if it's a good fit, and a very long time before you hear back.

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Bank Of America Charitable Foundation Inc