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Bank of America Charitable Foundation
B - Readily funds technology as part of an award
Bank of America
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 2021, the Bank of America Charitable Foundation will issue two requests for proposals (RFPs):
- Economic Mobility focused on needs of individuals and families
- Basic Needs
- Coronavirus has had a significant impact on all populations and a disproportionate impact on vulnerable populations who have experienced increased unemployment and higher levels of infection. In response, BoA is partnering with organizations addressing the economic and social conditions that affect an individual's health, access to community-based health services, crisis-prevention tied to family stabilization programs, and other poverty related issues.
- Longer term determinants of health?– services that improve health outcomes with an emphasis on community-based healthcare, food access, mental health counseling, substance use disorder rehabilitation.
- 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.
- Services for the homeless?– programs that prevent or end homelessness, such as rental assistance, emergency shelter, rapid-rehousing, and permanent supportive housing.
- Workforce Development & Education
- Employment is a key driver of economic mobility. That's why BoA is focused on building pathways to employment by supporting a range of workforce development and educational opportunities that will help vulnerable individuals and families stabilize and advance.
- Youth employment?– high-school completion programs, skills-training (hard and soft skills), first-time employment, internship, apprenticeship, and mentoring, especially for youth and young adults out of school and work.
- Alternative pathways for adults?– job preparedness, training, skill building, college or vocational certification, career counseling, placement, job retention, and entrepreneurship opportunities.
- Barriers to employment?– organizations that focus on comprehensive support services to help people needing additional assistance to overcome extraordinary barriers to employment (i.e. case management for individuals with disabilities, the formerly incarcerated, and foster care youth)
- National service?– national service opportunities for people to make a positive impact on their communities while developing professional skills.
- Economic Mobility focused on the needs of the community
- Affordable Housing
- The current health and humanitarian crisis has underscored the importance of safe, decent housing for an individual's overall well-being, including health, educational success and future employment opportunities. That's why BoA supports the work of organizations working to preserve, and increase access to a mix of affordable housing options.
- Housing development?for vulnerable populations?through the construction or preservation of affordable single, multi-family, transitional and supportive housing
- Minority homeownership programs
- Pathways?to stable housing or homeownership?through financial stability efforts such as homebuyer education, budgeting, savings, and credit counseling including eviction and foreclosure prevention.
- Sustainable development?efforts creating healthy living environments?through energy efficiency upgrades, retrofits, solar and other green building efforts.
- Small Business
- Small businesses play an important role in the overall health of our nation's economy. In response to the challenges many small businesses continue to face due to coronavirus, BoA is supporting nonprofits that are assisting minority and indigenous entrepreneurs as they focus on short-term needs and build for long-term recovery.
- Technical assistance?supporting business planning (short and long term).
- Operational capacity?of CDFIs delivering essential growth capital to entrepreneurs. Supporting organizations assisting minority-owned small businesses.
- Economic development?efforts that promote small business growth and healthy commercial corridors. (e.g. Mainstreet).
- 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. BoA supports local and regional revitalization efforts, taking a holistic approach to building inclusive communities.
- Revitalization, preservation, and stabilization?initiatives that engage community stakeholders in building livable communities for all with focus on environmental health, community safety and economic growth.
- Transit-oriented development?efforts that connect individuals to jobs, services, schools, and economic opportunity.
- Community?arts and cultural institutions?that provide economic opportunity and contribute to the vitality and livability of communities.
- 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.
- Environmental efforts?through the preservation, creation or restoration of open space, parks and community gardens.
History of Funding
None is available.
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
Eligible applicants are non-profit organizations in the following markets: https://about.bankofamerica.com/en-us/global-impact/eligible-states-and-local-markets.html#fbid=xAemBoEmvh_
The deadline for the Economic Mobility program focused on needs of individuals and families (workforce development & education and basic needs) was February 19, 2021.
The deadline for the Economic Mobility focused on needs of community (affordable housing, small business, neighborhood revitalization) is due by June 25, 2021.
Similar deadlines are anticipated annually.
Award amounts vary.
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