Bank of America associates volunteer thousands of hours in our neighborhoods each year. In fact, more than 3,000 nonprofit organizations benefit from our associates’ dedication each year. To honor those who give their time and service to causes important to them, the Bank of America Charitable Foundation awards grants to nonprofit organizations (up to $500 per person each calendar year), donated in associates’ names.
An unrestricted grant is made to any eligible nonprofit organization for which an associate has committed substantial volunteer hours within a calendar year:
- For 50 hours of volunteer time within a calendar year, the Bank of America Charitable Foundation will give a $250 grant
- For 100 hours of volunteer time within a calendar year, the grant is $500
- Qualified organizations must have a tax-exempt status and serve communities in the areas of community development, health and human services, education or arts and culture
Associates must complete an online form to record their hours, and nonprofits must validate those hours.
Bank of America may suspend, change or terminate this program at any time. The interpretation, application and administration of the program shall be determined by the Board of Directors of the Bank of America Charitable Foundation Board, whose decision is final.
Associates: Apply for a Volunteer Grant
Nonprofits: Verify associate hours
Participants are:
- Full- and part-time benefit eligible associates
- Retired associates from certain predecessor organizations
- Active members of the Board of Directors of Bank of America Corporation
Ineligible organizations
- For-profit organizations
- Organizations classified as private foundations by the Internal Revenue Code
- Civic clubs or social organizations
- Fraternal organizations
- Family foundations
- Leisure activity organizations
- Political organizations, activities, or candidates
- Religious organizations (for example, churches and synagogues). Some secular community service programs such as soup kitchens, shelters for the homeless, and job banks are eligible, even when sponsored by religious groups.
- Industrial or trade organizations
- Professional organizations
- Any organization that poses a conflict of interest for Bank of America or our associates
- School auxiliaries such as band, parents, and athletic booster clubs
- Athletics (for example, youth or adult athletic programs, scholarships, and community leagues)
Bank of America may suspend, change or terminate this program at any time. The interpretation, application and administration of the program shall be determined by the Board of Directors of the Bank of America Charitable Foundation Board, whose decision is final.
Associates: Apply for a Volunteer Grant
Nonprofits: Verify associate hours
