Top 50 Corporate Giver

Bank of America Corp. (BAC)

bankofamerica.com

Contact:

Ernesto C. Anguilla

Foundation program:

The Bank of America Charitable Foundation
100 % of giving is through foundation

Signature program:

The Neighborhood Excellence Initiative
Through three main programs, the Neighborhood Excellence Initiative recognizes, nurtures and rewards organizations, local heroes and student leaders helping to rebuild and revitalize their communities in 38 of the bank's major markets across the country. This is the second year the Bank of America Charitable Foundation has sponsored the program and to date the company has allocated over $30 million to organizations and individuals through NEI.


 Donations
2004 cash donations $ 108,000,000
As pct. of revenue 0.2 %
As pct. of earnings 0.5 %
Change since 2003 26.5 %
Change since 2002 49.4 %

2004 in-kind donations $ 0
As pct. of revenue 0 %
As pct. of earnings 0 %
Change since 2003 0 %
Change since 2002 -100 %

Projected increase/decrease increase

 Favored Issues
  arts   education   community development   health care   international
  Arts   Edu   Comm   Health   Intl


 Major Objectives

The Bank of America Charitable Foundation employs a strategy referred to as "neighborhood excellence" to define its corporate giving. At its core, "neighborhood excellence" is about identifying critical issues in local communities and directing resources to address those priorities. To accomplish this, the Bank of America Charitable Foundation last year announced an unprecedented, 10-year, $1.5 billion giving goal.