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.