Bank of America Charitable Foundation

 
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    CFDA#

    None
     

    Funder Type

    Corporate Foundation

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    Bank of America

    Summary

    The Bank of America Foundation is committed to creating meaningful change in the communities it serves through philanthropic efforts, associate volunteerism, community development activities and investing, support of arts and culture programming and environmental initiatives.


    In 2024, the Bank of America Charitable Foundation is issuing two requests for proposals (RFPs):


    1. Economic mobility focused on needs of individuals and families
      1. Health: Too many communities across the United States do not have equal access to what is needed to live healthier lives. Within under-resourced communities, generations of lack of access to care and health resources have contributed to poorer health outcomes. We are focusing on programs and organizations who are working to address the economic and social conditions that influence family stability and an individual's health, including access to quality community- based health services, crisis-prevention tied to family stabilization programs, and other poverty related issues. Examples:
        1. Prevention and Access to healthcare – Services that improve health outcomes with an emphasis on community-based healthcare, mental health counseling, substance use disorder treatment, and rehabilitation.; services that address access to quality health care, including early detection and disease prevention; capacity building and training for local community-based health centers and clinics
        2. Food Access and Nutrition – food-based health care partnerships; programs addressing fresh and nutritious food access; programs that address dietary nutritional needs and education for persons with underlying health conditions (diabetes, cancer, heart-health)
        3. Family stabilization – access to crisis prevention programs and wrap services including help with immediate and safe shelter, free or subsidized benefits like internet access, utilities, childcare, transportation, financial assistance and recovery.
        4. Services for the homeless – programs that prevent or end homelessness, such as emergency shelter, rapid-rehousing, rental and utility assistance and permanent supportive housing.
      2. Jobs: Employment is a key driver of economic mobility. That's why we're focused on building pathways to employment by supporting a range of workforce development opportunities, including education, upskilling and reskilling programs that will help individuals and families stabilize and advance. Examples:
        1. Youth workforce development and employment – Nonprofit programs helping young people (14-24 years old) transition from education to meaningful employment (i.e. high school completion programs, skills-training for hard and soft skills, early work experience, first-time employment, internship and/or apprenticeships especially for disconnected youth.
        2. Skills training for adults through alternate routes – Nonprofit organizations providing adults with job preparedness, training, skill building, career counseling, placement, job retention, and entrepreneurship opportunities
        3. Removing Barriers to employment?– Nonprofit organizations addressing obstacles that hinder individuals from securing and maintaining long-term employment (i.e. organizations serving individuals with disabilities, persons impacted by the justice system, recent immigrants/refugees/asylees, and foster care youth).
        4. Academic Institutions and student support – Post-secondary institutions (vocational/technical college, community college, four-year university or other trade school) and nonprofit partners providing support services that are ensuring students, particularly diverse students, matriculate and achieve post-graduation success
    2. Economic mobility focused on the needs of the community
      1. Affordable Housing: The current environment has underscored the importance of safe, decent housing for an individual's overall well-being, including health, educational success and future employment opportunities. Yet for many, access to affordable housing has become further out of reach while others struggle with the possibility of eviction, foreclosure and homelessness. That's why we support the efforts of organizations working to preserve and increase access to a mix of affordable housing options as well as other essential assistance. Examples:
        1. Housing development for vulnerable populations through the construction or preservation of affordable single, multi-family, transitional and supportive housing
        2. Minority homeownership programs
        3. Pathways to stable housing or homeownership through financial habits and stability efforts such as homebuyer education, budgeting, savings, and credit counseling including eviction and foreclosure prevention.
        4. Sustainable development efforts creating healthy living environments through energy efficiency upgrades, retrofits, solar and other green building efforts.
      2. Neighborhood Revitalization: Vibrant communities are places where individuals can thrive and succeed and have the opportunity to live and work with safe, decent housing, transportation to jobs, strong business corridors and thriving arts and culture districts. We support local and regional revitalization efforts, taking a holistic approach to building inclusive communities, creating economic opportunity and livable neighborhoods. Examples:
        1. Revitalization, preservation, and stabilization initiatives that engage community stakeholders in building livable communities.
        2. Transit-oriented development efforts that connect individuals to jobs, services, schools, and economic opportunity.
        3. Community arts and cultural institutions that provide economic opportunity and contribute to the vitality and livability of communities.
        4. Assist economic development efforts that help promote healthy commercial corridors (Mainstreet)
        5. Resiliency of communities supporting short- and long-term plans to prepare, withstand and recover from extreme weather events and the long-term impacts of climate change.
        6. Environmental efforts through the preservation, creation or restoration of open space, parks and community gardens.
        7. Supporting organizations/initiatives that bring energy efficiency and renewable energy advances to diverse communities.
      3. Small Business Resiliency: Small Businesses help drive economic mobility and generational wealth and play an important role in the overall health of our nation's economy. In response to the challenges small business owners face, we're supporting nonprofits assisting under-resourced entrepreneurs, including women and minority business owners, as they address their short-term needs and help them grow and scale. Examples:
        1. Technical assistance: Support to organizations delivering training to help entrepreneurs start, grow or expand their business.
        2. Access to capital: Funding nonprofits that connect entrepreneurs with access to essential growth capital.
        3. Supporting incubators and accelerators that provide mentors, resources, and networks entrepreneurs need to launch, fund and grow their businesses
        4. Build operational capacity of CDFIs delivering essential growth capital to entrepreneurs
     

    History of Funding

    None is available. 

    Additional Information

    Funds are not provided for:

    • Organizations that deny service to a potential client or beneficiary on the basis of race, religion, color, sex, sexual orientation, age, national origin, ancestry, citizenship, veteran, or disability status;
    • Individuals, including those seeking scholarships or fellowship assistance;
    • Political, labor, fraternal organizations, or civic clubs;
    • 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;
    • Individual pre-K-12 schools (public or private);
    • Sports, athletic events, or athletic programs;
    • Travel-related events, including student trips or tours

    Contacts

    Bank of America Charitable Foundation Staff

    Bank of America Charitable Foundation Staff
    PO Box 55850
    Boston, MA 02205-5850
    (888) 703-2345
    (617) 434-6503
     

  • Eligibility Details

    Eligible applicants are non-profit organizations in the following markets: https://about.bankofamerica.com/en/our-company/local-presence

    Deadline Details

    Economic Mobility focused on needs of individuals and families (workforce development & education and basic needs)

    • Applications accepted 1/22/2024 – 2/16/2024

    Economic Mobility focused on needs of community (affordable housing, small business, neighborhood revitalization)

    • Applications accepted: 5/27/2024 – 6/21/2024

    Similar deadlines are anticipated annually.

    Award Details

    Award amounts vary. 

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Funding Classroom Technology to Empower Students and Teachers - Sponsored by Panasonic - Playback Available
    • Maximizing Technology-friendly Workforce Development Grants - Sponsored by Panasonic - Playback Available
    • Funding Data-driven Workforce Development Projects - Sponsored by NetApp - Playback Available

 

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