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Economic Mobility Focused on the Needs of Individuals and Families

Grants to USA Nonprofits in Eligible Locations
to Benefit Vulnerable Individuals and Families

Agency Type:

Foundation / Corporation

Funding Source:

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Bank of America Charitable Foundation

Deadline Date:

02/19/21

Description:

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Grants to USA nonprofit organizations in eligible locations to benefit vulnerable individuals and families. Funding is intended for a range of programs, including basic needs, health, family services, programs for the homeless, education, and workforce development. For a list of eligible states and local markets, see Geographic Focus, below.

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, the Foundation 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.

Examples:

  • 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 Bank of America 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.

Examples:

  • 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.

GrantWatch ID#:

GrantWatch ID#: 168104

Estimated Size of Grant:

Grant amounts vary by market and organization size. If you have previously received a Bank of America Charitable Foundation grant, an amount in that same range is a good starting point. While there are local variations, as a general guide, grant amounts in larger markets can range from $5,000 to $50,000. Grant amounts in smaller markets can range from $2,500 to $25,000.

Term of Contract:

As a general guideline, the Foundation does not make multi-year grants through this local grant RFP process.

Additional Eligibility Criteria:

To be considered for a local grant, your organization:
- Must be tax-exempt under section 501(c)(3) of the Internal Revenue Code and not classified as a private foundation
- Must be based and serve communities in these markets
- Should be aligned with the funding priorities of community development, education and workforce development and critical needs.

The following organizations are not eligible for funding:
- Bank of America does not provide funding to any organization that discriminates based on race, religion, color, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, veteran, or disability status, or espouses hate.
- Individuals, including those seeking scholarships or fellowship assistance
- Political, labor, fraternal organizations, or civic clubs
- Bank of America does not provide general funding to any organization whose purpose is to promote or to discourage the observance or proselytization of religious beliefs. However, it will support such organization’s funding of homeless shelters, soup kitchens or other social service needs. The organization may be asked to provide proof of the community project receiving funding.
- Individual pre-K-12 schools (public or private)
- Sports, athletic events, or athletic programs
- Travel-related events, including student trips or tours
- Development or production of books, films, videos, or television programs
- Memorial campaigns

Pre-Application Information:

Applications accepted 1/25/2021 – 2/19/2021

Economic mobility focused on the needs of individuals and families will be notified: Mid-late June

The guidelines state that the Foundation will fund an organization no more than once in a calendar year.

More information:
http://www.bankofamerica.com/foundation

FAQs:
https://about.bankofamerica.com/en-us/what-guides-us/charitable-foundation-grant-faq.html#fbid=a1Gq8Ojn-Nw

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Eligibility Quiz and Online Application:
https://www.cybergrants.com/cybergrants/plsql/ao_gs_user.form?x_gm_id=1499&x_section_id=4509&x_quiz_survey_id=2142

Direct questions to:
Foundation@bankofamerica.com
800.218.9946

URL for Full Text (RFP):

Geographic Focus:

USA: Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Missouri;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   Tennessee;   Texas;   Utah;   Virginia;   Washington, DC;   Washington

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