Bank of America Client Foundation

DALLAS, TX EIN: 59-6142753

Bank of America Client Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.7M in total assets. In 2024, it awarded 1 grants totaling $841K. Net investment income was $1.5M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.7M

+4.2% YoY

Annual Giving

$841K

-3.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$841K

-3.3% YoY

Under IRS private-foundation payout rules, Bank of America Client Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

About Bank of America Client Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $4.5M (100%)

States

Florida

Cities

Various

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,704,781	$12,191,986	$12,528,171
Revenue	$1,635,181	$818,274	$935,443
Expenses	$1,130,968	$1,152,301	$1,294,273
Qualifying Distributions	$966,368	$981,975	$1,142,896
Net Investment Income	$1,470,581	$670,879	$789,280
Distributable Amount	$1,061,284	$975,500	$1,009,480

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Open Grants

1 open opportunity from Bank of America Client Foundation

Foundation

Bank of America Client Foundation Grant Program

BANK OF AMERICA CLIENT FOUNDATION

Amount

US $5,000 - US $40,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Supplemental Schedule ($840,663).

Recipient	Purpose	Amount
SEE SUPPLEMENTAL SCHEDULE VARIOUS, FL	GENERAL	$840,663

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Bank of America Client Foundation?

As of 2024, Bank of America Client Foundation holds $12.7M in total assets with $1.6M in annual revenue. It awarded 1 grants totaling $841K in 2024.

Where does Bank of America Client Foundation operate?

Bank of America Client Foundation has awarded grants in Florida.

What size grants does Bank of America Client Foundation award?

In 2024, Bank of America Client Foundation awarded 1 grants totaling $841K — an average of about $841K per grant, based on its IRS Form 990 filings.

How much is Bank of America Client Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bank of America Client Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Bank of America Client Foundation's EIN?

Bank of America Client Foundation's EIN (Employer Identification Number) is 59-6142753. IRS Form 990 filing data is available on this page for 2020–2024.