IRS 990 Nonprofit Profile
Bank Of America Charitable Gift Fd
Overview
The Bank of America Charitable Gift Fund is a 501(c)(3) public charity that helps donors give to their favorite charities in an organized, tax-efficient and worry-free way, offering tax-free investing options and turnkey administration. 3/ Linked investment accounts may not support recurring payments to Bank of America credit card accounts. 4/ Funds transferred as a payment to an eligible credit card, business line of credit, home equity line of credit during draw period (“HELOC”), installment loan or mortgage (together “Loan Accounts”) after the applicable cutoff time indicated above but by 11:59 p.m. ET will be credited with the date the payment is submitted. It may take up to 2 business days for these updates to be reflected in your account balances, funds availability, and transaction posting. One-time transfers may be made at any time and are immediately debited from a checking...
3/ Linked investment accounts may not support recurring payments to Bank of America credit card accounts. 4/ Funds transferred as a payment to an eligible credit card, business line of credit, home equity line of credit during draw period (“HELOC”), installment loan or mortgage (together “Loan Accounts”) after the applicable cutoff time indicated above but by 11:59 p.m. ET will be credited with the date the payment is submitted. It may take up to 2 business days for these updates to be reflected in your account balances, funds availability, and transaction posting. One-time transfers may be made at any time and are immediately debited from a checking or savings account's available balance or.
- Sector
- Public, Societal Benefit
- Faith identity / affiliation
- {'basis': [], 'value': None, 'evidence': [{'url': 'https://www.bankofamerica.com/philanthropic/gift-fund-overview/', 'quote': 'No faith/religious service language in provided snippet.', 'source_type': 'official_website', 'original_phrase': 'No faith/religious service language in provided snippet'}], 'confidence': 0.15, 'serves_all_regardless_of_religion': None}
- Official website
- https://www.bankofamerica.com/philanthropic/gift-fund-overview/
- Public contact
- {'value': None, 'evidence': [], 'confidence': 0.1} · {'value': None, 'evidence': [], 'confidence': 0.1}
Donor Advised FundCharitable GivingTax Efficient Giving
Places of Operation
Public sources identify operations or appeals in 1 place.
United States
Official Sources and Evidence
This profile summarizes 3 official source pages and 55 evidence items alongside IRS Form 990 data.
Financials
- Filing year
- 2024
- Total revenue
- $1.7B
- Total expenses
- $993.6M
- Total assets
- $5.1B
- Program expenses
- $979.2M
- Administration
- $14.4M
- Fundraising
- $0
- Program share of expenses
- 99%
- EIN
- 46010342
- Sector
- Public, Societal Benefit
- Location
- Boston, MA
Leadership and Compensation
- Bank Of America - Trustee
- $24.1M
Officers, directors and key employees with total reported compensation, from Form 990 Part VII.
Governance
- Voting board members
- 1
- Independent members
- 1
Grants
- Grants to U.S. organizations and individuals
- $969.5M
Machine-readable CharitySense data
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Financial data on this page is sourced from IRS Form 990 filings.