Organizations can apply online at www.bankofamerica.com/foundation by selecting Apply for a Grant.
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In 2023, the Bank of America Charitable Foundation will issue two requests for proposals (RFPs) on the priority focus area of economic mobility:
- Economic Mobility focused on needs of individuals and families
(health and jobs)
Applications accepted 1/23/2023– 2/17/2023 - Economic Mobility focused on the needs of the community
(affordable housing, small business resiliency, neighborhood revitalization)
Applications accepted: 5/29/2023– 6/23/2023
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This commitment extends across our company and includes philanthropy, capital deployment through lending and investing, CDFI and MDI partnerships, our hiring practices, development of financing solutions for small businesses and more to drive innovation and progress. The philanthropic funds are delivered through our focus on economic mobility and nonprofits may apply through our standard application process at: www.cybergrants.com/boa/rfp
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- Economic mobility focused on the needs of individuals and families: Mid-late June
- Economic mobility by addressing needs of the community: Mid-late October
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Save what you have entered. To return, go to www.cybergrants.com/boa/rfp > Organization History.
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We do not have access to any account information including passwords and log in credentials. Please contact CyberGrants directly at cgsupport@cybergrants.com.
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Our guidelines state that we will fund an organization no more than once in a calendar year. Rare exceptions apply. As you decide which RFP you will apply for, consider which program or service is your highest priority to be funded. If you are applying for general operating support, select the RFP that most closely aligns with your organizational mission.
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Our guidelines state that we will fund an organization no more than once per calendar year. Rare exceptions may apply.
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The RFP process is simply a refined focus for our local grant making. As in the past, local markets, based on allocated budgets, decision grants through committees made up of local bank officers. The RFP process allows those committees to better evaluate like organizations and better understand the impact organizations, with the help of our funding, are having in local communities. It also allows for a streamlined approach in our giving that focuses our grants on work being done in our key focus areas.
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We recognize that some arts organizations act as economic catalysts in communities and fund these kinds of programs through our economic mobility RFP focused on addressing community development needs. An arts organization could also align with our work to support individuals and families (workforce development) if it can show job opportunities for young people such as a docent or internship program for high school/ college youth (target participants should be low and moderate income). In addition, Bank of America supports the arts in some markets through other bank funding outside the Foundation.
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Grant amounts vary by market and organization size. If you have previously received a Bank of America Charitable Foundation grant, an amount in that same range is a good starting point. While there are local variations, as a general guide, grant amounts in larger markets can range from $5,000 to $50,000. Grant amounts in smaller markets can range from $2,500 to $25,000.
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As a general guideline, the Foundation does not make multi-year grants through this local grant RFP process.
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Yes, ACH is our preferred method of payment and that information is required at the time an application is submitted. Leaving that section incomplete will prevent you from submitting an application.
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Yes, your information is safe. Access to that information is extremely limited (for example – grant reviewers cannot see it). In addition we undergo several security checks and tests throughout the year to ensure the safety of that information.
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The Neighborhood Builders and Neighborhood Champions applications, which are now done on an invitation basis, are a separate process from the RFP process and as such, it is possible an organization could apply for both.
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We have incorporated an environmental lens into both of our RFPs so to the extent an organization’s work connects with employment or community development it can be considered for funding.
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The Bank of America Charitable Foundation is focused on two core areas addressing economic mobility. These are our primary focus areas and they receive the vast majority of our funding. There are rare instances when an organization’s programs or mission do not align with those priorities and might be considered for funding however, consideration of a request outside those focus areas is very much the exception.
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Philanthropic funding for organizations and programs outside of the United States is limited and is awarded by invitation only.
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Volunteerism is a key component of the bank’s ESG strategy, and we seek to align much of our volunteerism to our philanthropic focus areas of hunger, housing, and jobs. We believe that by focusing our dollars, time and talent, we can help our partners make an even bigger impact in these three areas. We would like to know what volunteer opportunities you have available related to your grant request (including the ability for us to provide financial education/coaching), as our employees are interested in volunteering at their highest levels of contribution. We are very interested in skills-based opportunities, as they allow us to offer you our most competitive asset --our talent.
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Clicking the links in the timeline located at the top of each page will allow you to jump to different sections and it will also save the data you have entered in the current section.
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Click the contact's name in the contact information section of the application.
Edit as necessary or delete the person by clicking the "Delete Contact" button.
Click the "Save and Proceed" button.
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- Single click on the 'Upload File' link. Please note: This is a pop up window if you have a pop up blocker you will need to disable it in order to proceed.
Click the "Browse" button in the File Upload window in order to select the desired file from its location on your computer.
Select the file from your computer.
Click the "Open" button.
Click "Upload File."
The name of the file you chose will appear below the "Upload File" button.
Once you close the File Upload window, the page will refresh and the file will appear below the 'Upload File' link.
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Click the 'Delete File' link located next to the uploaded file.
On the screen that comes up, choose delete.
Click "Done" on the next screen.
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Printing from the Review Page
The best way to view your application and print is on the 'Review Your Application' page.
Complete all required fields on the application.
Click the "Save and Proceed" button on the last section to bring yourself to the 'Review Your Application' page.
Go to 'File' and then 'Print' on your browser toolbar. Please note: You may need to change the orientation of your page setup from Portrait to Landscape.
Printing page by page while working on the application
Use this option while still working on the application. Following these instructions will print the page exactly as seen on the screen.
Print out each page by clicking 'File' and then 'Print' on your browser toolbar. Please note: You may need to change the orientation of your page setup from Portrait to Landscape.
Click the section link in the timeline at the top of the page in order to move to the next section.
Printing a submitted application
Use this option if you would like to print a copy of your submitted application.
At the bottom of the Welcome Page, click the 'View' link located next to the application you want to print.
Go to 'File' and then 'Print' on your browser toolbar. Please note: You may need to change the orientation of your page setup from Portrait to Landscape.
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In order to submit your application:
Click the "Save and Proceed" button at the bottom of each page to get to the end of the application.
ORClick the last link in the timeline at the top of the page. When you get to the last section, click the "Save and Proceed" button.
You are brought to the 'Review Your Application' page. (You cannot proceed to this page until you have completed all required fields.)
Click the "Submit" button. Once submitted you can no longer make any changes.
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An application can only be deleted if you have not submitted it.
- Click the "Trash Can" icon next to the project title of the application.
- Confirm the deletion on the following page.
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Once you submit your application and it is received, an email confirming receipt of the application will be sent to the email address with which you logged in. You will also see the submitted application listed under 'Submitted Applications' on your Welcome Page.
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