CDPublications - News Update: Foundation Continues to Provide Grants for Operating Costs

CD Publications

The Bank of America Foundation continues to identify general operating support as one of its grantmaking priorities. In the last full giving year, the Foundation provided more than $200 million to address critical issues facing neighborhoods and communities where BOA has a presence.

In addition, the Foundation has been increasing its focus on housing needs, awarding $22 million this summer in grants to nonprofits that build and rehab affordable housing, offering foreclosure prevention services and homeowner counseling, and providing a range of services aimed at revitalizing neighborhoods and helping working families.

BOA is also looking for new ways to provide support for organizations. For example, earlier this year the company issued a "green bond” consisting of a three-year, fixed-rate bond worth $500 million in aggregate principal. The issuance of bonds is part of the company's efforts to support renewable energy initiatives and promote energy efficiency. Bond funds will be used to finance green investments.

Some of the Foundation's grants are awarded through an RFP process. For example, last year the following notices were issued:

  • Workforce Development/Education (Application period: Jan. 22 to Feb. 15)
  • Community Development (Application period: April 15 to May 10) 
  • Critical Needs (Application period: July 8 to Aug. 2) 

Other giving by the Foundation results from proposals which are accepted throughout the year, often with the collaboration of local BOA branches.

For more information, visit the BOA Foundation website at

To learn more about funding for operating costs, sign up to attend CD Publications' Dec. 12 audio conference, Winning Operating Funds from Foundations. To register, go to


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Audio Conference: Winning Operating Funds from Foundations
Join us 12/12/2013 2PM EST for this 60-minute audio conference that will provide answers to some of the most frequently posed questions raised within grantwriting circles about funding overhead expenses.

Audio Conference: Finding Funding for Capital Projects
Join us for this information-packed audio conference designed to help grant-seekers learn how to navigate the maze of public and private funders to win support for capital projects.

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