Stable Housing and Empowering Communities Grant

Stable Housing and Empowering Communities Grant

Status: ACTIVE
Funder: Bank Of America Charitable Foundation Inc
Last Updated: February 07, 2026

Summary

The Bank of America Charitable Foundation focuses on supporting organizations that empower communities through basic needs, income creation, and stable housing. By investing in health and job opportunities, they aim to enhance economic mobility for low- and moderate-income families. Their partnerships target vulnerable populations, ensuring equitable access to resources that foster community vitality and resilience. This initiative emphasizes the importance of stable housing as a foundation for personal and communal growth.

Overview

Background At Bank of America, we’re guided by a common purpose to help make financial lives better. Through our focus on Responsible Growth, we deliver for our teammates, clients and shareholders, while addressing economic mobility and social progress focused on the needs of the community. We drive meaningful and sustainable progress to help address society’s biggest challenges by aligning all our resources – including our financing, our client products and services, our philanthropy and how we manage our own activities. As part of this work, we develop strong partnerships with nonprofit organizations focused on issues fundamental to economic mobility in low- and moderate-income communities. We focus on improving the lives of individuals and families by investing in health, jobs, and strengthening broader community vitality by addressing needs related to small business resiliency, and community development. Through our partnerships, we support vulnerable populations, including working families, youth, seniors, individuals living with disabilities, veterans, and those impacted by the criminal justice system – enabling them to move forward in their goals. Our Priorities: Basic needs, income creation, stable housing, empowered communities All thriving communities start with meeting the individual basic needs of its members. That starts with ensuring certainty when it comes to shelter, food and health. As basic needs are established, individuals can focus on development through mentoring, skill building,  work experience and entrepreneurial growth. These activities enable the creation of income for both the individual, as well as those they serve and employ. Income creation and access to affordable housing allows individuals to find stability through stable housing in neighborhoods where connections are further strengthened. Stable, skilled, connected individuals contribute to the growth of empowered communities that give back to their neighborhoods, address systemic issues head on and ensure the longevity of where they call home. This is growth.

Eligibility

You can learn more about this opportunity by visiting the funder's website. To be considered for a local grant, your organization:Must be tax-exempt under section 501(c)(3) of the Internal Revenue Code, not classified as a private foundation and not operating through a fiscal agent or sponsorMust be based and serve communities in these marketsMust be aligned with our funding priorities: basic needs, income creation, stable housing, and empowering communitiesWe will fund an organization no more than once in a calendar year and rare exceptions apply.

Ineligibility

The following organizations are not eligible for funding:We do not provide funding to any organization that discriminates based on race, nationality, ethnicity, religion, sex, gender, gender identity, sexual orientation, age, disability or veteran status. This also includes organizations that espouse hate and discrimination towards any groupIndividuals, including those seeking scholarships or fellowship assistancePolitical, labor, fraternal organizations, or civic clubsGovernment and municipal agencies and organizationsEndowment fundsFiscally sponsored organizationsWe do not provide general funding to any organization whose purpose is to promote or to discourage the observance or influence of religious beliefs. However, we 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 program receiving funding.Individual pre-K-12 schools (private, public, charter, individual school supporting foundations, PTA/PTO organizations)Memorial campaignsWhile we may sponsor the opportunities below through other funding avenues, these opportunities are ineligible for charitable grants, with rare exceptions.Sports, athletic events, or athletic programsTravel-related events, including student trips or toursDevelopment or production of books, films, videos, or television programs.As a general guideline, the Bank of America Foundation does not make multi-year grants.