Bank of America Charitable Gift FD
A public charity that makes grants on behalf of individuals and families who create donor advised funds
Bank of America Charitable Gift FD at a glance
In short: Bank of America Charitable Gift FD gave $969.5M across 1 grant in 2024 (avg $969.5M), mostly in Massachusetts. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $969,496,994
- +17.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $969,496,994
- +17.5% vs 2023
- Median grant
- $969,496,994
- Total assets
- $5,096,006,595
- +22.4% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Bank of America Charitable Gift FD funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was $5M or more: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Bank of America Charitable Gift FD gives
- Giving grew 36% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $710.3M (2021) to $969.5M (2024). In 2024 it made 1 grant totaling $969.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached List of Distributions Boston, MA | — | $969,496,994 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,096,006,595 | $1,664,401,095 | $993,629,953 | $969,496,994 | 1 | $174,748,422 |
| 2023 | $4,162,617,540 | $1,188,933,572 | $845,469,033 | $825,174,730 | 1 | $168,417,454 |
| 2022 | $3,490,678,875 | $907,644,228 | $763,125,913 | $744,249,561 | 1 | $-41,805,713 |
| 2021 | $3,954,780,762 | $1,677,054,646 | $728,053,163 | $710,276,989 | 1 | $309,798,613 |
About Bank of America Charitable Gift FD
Based on IRS filings
Bank of America Charitable Gift FD is a public charity, based in Boston, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.1B in total assets. In 2024, it awarded 1 grant totaling $969.5M. Net investment income was $174.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Bank of America Charitable Gift FD's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2024 filing
Bank Of America
Trustee
On filings since 2022
$18.8M (2022) → $24.1M (2024)
Former officers (1)
- Former: Bank Of America NA (2021) — Trustee
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $24.1M, to Bank of America (Trustee).
Frequently asked questions about Bank of America Charitable Gift FD
How much does Bank of America Charitable Gift FD give each year?
Bank of America Charitable Gift FD gave $969.5M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $825.2M across 1 grant.
How large is Bank of America Charitable Gift FD?
Bank of America Charitable Gift FD reported $5.1B in total assets on its 2024 IRS Form 990. Its revenue that year was $1.7B.
Where does Bank of America Charitable Gift FD operate?
Bank of America Charitable Gift FD has awarded grants in Massachusetts.
What is Bank of America Charitable Gift FD's EIN?
Bank of America Charitable Gift FD's EIN (Employer Identification Number) is 04-6010342. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS June 28, 2024)
- Updated Form 990 for fiscal year 2023 (received by the IRS January 16, 2025)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Bank of America Charitable Gift FD's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Bank of America Charitable Gift FD's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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