Nonprofits
Corporate giving-funded
$50K
per applicant
Grant
Cash award, application-based
Rolling
No fixed cutoff
Rolling
Or check for open cycles
Moderate
Standard state application
Twice-yearly competitive RFPs funding nonprofits that advance economic mobility — one cycle focused on basic needs and workforce development for individuals and families, the other on affordable housing, small business support, and neighborhood revitalization for communities.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.501(c)(3) organizations serving communities where Bank of America operates
2.Two annual RFP windows (typically January-February and May-June) — check current focus areas
3.Programs should produce measurable economic mobility outcomes
4.Apply online through the foundation's grant portal during an open cycle
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).