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The IRS has distributed information regarding the revocation of the exempt status of organizations who have not complied with the requirement to file annual tax returns for all non-profit organizations. Many organizations who have not complied with these regulations have had their exempt status revoked and, as a result, would not be eligible to receive funding from Bank of America and the Bank of America Charitable Foundation, regardless of prior funding.

Please contact your financial or legal advisors for further information on these requirements and reinstatement of any exempt status or please see additional information at the IRS's website.

Please note that we can not provide any legal advice in regards to this topic but are providing this for your possible interest only.

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