Administering a foundation and related grants program requires experience, expertise and specialization.
Maximizing Effectiveness and Efficiency
Our Approach
Foundations are governed by complex rules and regulations. This is why at Bank of America Private Bank we don’t just manage foundation assets – our foundation specialists also provide the monitoring, education and fiduciary guidance to help you manage legal risk and adhere to best practices. We will work with you to ensure that you are meeting the foundation’s annual distribution requirements, avoiding improper grant distributions or use of foundation assets, and codifying the foundation’s mission, guidelines and best practices into written governance policies.
Additionally, we recognize that effective grants management and administration are critical components of a successful grant program. We can provide a range of grants management services to our foundation clients, including the verification of the tax-exempt status of grant recipients, confirmation that organizations are not flagged on specific watch lists, maintenance of clean and current records of these verifications and the preparation of transmittal letters and/or post-grant activity reports, as requested.
Services
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Investing involves risk. There is always the potential of losing money when you invest in securities.
Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
Neither Bank of America Private Bank nor any of its affiliates or advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.
Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).
Trust, fiduciary and investment management services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. and its agents.
Investment products:
| Are Not FDIC Insured |
Are Not Bank Guaranteed |
May Lose Value |
Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.
Bank of America, N.A., Member FDIC. Equal Housing Lender 
3543233-EXP-2022-04-12
