Bank of America Private Bank Philanthropic Solutions manages multiple private foundations and charitable trusts, acting as a trustee, co-trustee, or agent. These foundations support nonprofit organizations that address vital community needs. The Texas office of Bank of America Private Bank administers grants from various foundations, distributing over $100 million annually to eligible nonprofit organizations. Most of these grants are awarded within Texas, although some foundations provide funding outside the state.

The grantmaking process follows specific procedures designed to align with the philanthropic mission of each foundation. Nonprofit organizations seeking funding must carefully review each foundation’s eligibility criteria, geographic focus, and funding priorities. While each foundation operates independently, Bank of America Private Bank has standardized the application process, requiring all applicants to submit proposals online. Organizations must research and select an appropriate foundation based on geographic focus and program alignment before applying.

Grants typically provide support for programmatic, operational, and capital expenses, with most grants awarded for one-year terms. Some foundations also offer multi-year funding opportunities. Each foundation’s grant application cycle varies, with deadlines ranging throughout the year. Certain foundations require grantees to wait one or two years before reapplying after receiving a grant. Some smaller foundations limit eligibility to organizations with annual operating budgets below $20 million. A complete list of open foundations, their funding priorities, application deadlines, and decision timelines is available on the Bank of America Philanthropic Solutions website.

To apply, nonprofit organizations must submit an online application by 11:59 p.m. on the foundation’s deadline date. Applications are reviewed by a Philanthropic Administrator for completeness before being evaluated by the foundation’s board or review committee. The selection process involves due diligence, site visits, and proposal evaluations before final funding decisions are made. Bank of America Private Bank advises applicants to submit proposals early and seek technical assistance during business hours, as support is not available on weekends.

Organizations that receive grants must submit a post-grant evaluation report within one year of the award date. This report documents how the funds were used, the impact of the project, financial expenditures, and any challenges encountered. Failure to submit the required report may result in ineligibility for future funding. Multi-year grantees must submit annual reports until the grant term is complete. Reports can be submitted online through the grantee portal or via email.

For inquiries regarding the grantmaking process, applicants may contact the Texas Philanthropic Solutions office via email at tx.philanthropic@bofa.com. Specific foundation contacts, deadlines, and eligibility details are provided on the website and in the foundation-specific detail pages.