Nonprofit · EIN 20-0721133
BANK OF AMERICA CHARITABLE FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $218,843,611 | $216,335,853 | $2,507,758 | $10,062,101 | $0 | $10,062,101 |
| December 31, 2023 | 990-PF | $220,225,056 | $225,672,317 | -$5,447,261 | $7,556,845 | $0 | $7,556,845 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $218,009,173
- Interest
- $664,462
- Other income
- $169,976
Expenses
- Grants and similar amounts paid
- $216,309,069
- Disbursements for charitable purposes
- $216,309,069
- Excise tax on investment income
- $9,236
Balance sheet and other
- Total assets, start of year
- $7,556,845
- Total assets, end of year
- $10,062,101
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,062,101
- Fair market value of assets
- $10,062,101
- Qualifying distributions
- $216,309,069
- Net investment income
- $664,487
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve D Boland 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Chairman/Director | 0.5 | $0 |
| Alastair Borthwick 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Director | 0.5 | $0 |
| AJ Barkley 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | President | 30 | $0 |
| Jennifer Locane Silvania 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Vice President | 30 | $0 |
| Frank Racaniello 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Tax | 0.5 | $0 |
| Colleen O Johnson 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Secretary | 4 | $0 |
| Susan Campbell 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Treasurer | 4 | $0 |
| Libbie A Pryor 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | Assistant Secretary | 2 | $0 |
| Paul Donofrio 401 N Tryon St NC1-021-06-01, Charlotte, NC 28255 | director | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE D BOLAND 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | CHAIRMAN/DIRECTOR | 0.5 | $0 |
| ANDREW D PLEPLER 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | DIRECTOR | 0.5 | $0 |
| CYNTHIA BOWMAN 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | DIRECTOR | 0.5 | $0 |
| ALASTAIR BORTHWICK 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | DIRECTOR | 0.5 | $0 |
| PAUL DONOFRIO 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | DIRECTOR | 0.5 | $0 |
| EBONY THOMAS 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | PRESIDENT | 30 | $0 |
| JENNIFER LOCANE SILVANIA 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | VICE PRESIDENT | 30 | $0 |
| SUSAN CAMPBELL 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | TREASURER | 4 | $0 |
| COLLEEN O JOHNSON 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | SECRETARY | 4 | $0 |
| LIBBIE A PRYOR 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | ASSISTANT SECRETARY | 2 | $0 |
| FRANK RACANIELLO 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28255 | TAX | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 401 N TRYON ST NC1-021-06-01, CHARLOTTE, NC 28202-2196
- In care of
- % CORPORATION TRUST COMPANY
- Signed the 990-PF
- WILLIAM L MCNAIRY, SENIOR VP
- Phone
- (828) 398-1128
- Return prepared by
- Forvis Mazars LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-0721133
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $10,062,101
- Income (IRS master file)
- $218,843,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $218,843,611 | $216,335,853 | $10,062,101 | XML |
| 990-PF | December 2023 | $220,225,056 | $225,672,317 | $7,556,845 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0721133).
Questions about BANK OF AMERICA CHARITABLE FOUNDATION INC
- What is the EIN of BANK OF AMERICA CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of BANK OF AMERICA CHARITABLE FOUNDATION INC is 20-0721133.
- Is BANK OF AMERICA CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to BANK OF AMERICA CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BANK OF AMERICA CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BANK OF AMERICA CHARITABLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANK OF AMERICA CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BANK OF AMERICA CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does BANK OF AMERICA CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $218,843,611, expenses of $216,335,853 and total assets of $10,062,101 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Philanthropy, voluntarism and grantmaking foundations