Personal Philanthropy

Donor-Advised Fund

The Bank of America Charitable Gift Fund offers a sophisticated and dynamic way to give to the causes that mean the most to you.

The approach

Since 1955, The Bank of America Charitable Gift Fund has been helping donors contribute money to their favorite charities in a tax-efficient, organized, and worry-free way. You can depend on Bank of America to help you pursue your philanthropic goals while you support the causes most important to you.

A donor-advised fund allows you to streamline your charitable giving. Your fund will be invested with the potential to grow over time. Bank of America's online portal allows you to track your giving, make grant recommendations to the charities of your choice, select investment objectives, and access statements and gift receipts.

Bank of America Charitable Gift Fund benefits:

Receive a current-year income tax deduction for any assets you contribute to your fund
Donate appreciated assets without incurring capital gains taxes
Make grant recommendations now or in the future
Involve your family and build a tradition of family charitable giving
Choose from multiple investment objectives
Manage your charitable giving via Bank of America's online portal or with your financial advisor

Open your account

Make an irrevocable, tax-deductible contribution to your donor-advised fund
Initial contribution minimum is $25,000. Additional contributions must be $250 or more
You can contribute a wide variety of assets including cash, mutual funds, securities, and non-publically traded assets (i.e. private stock, restricted stock, real estate)

Choose how your funds are invested

The Gift Fund offers 15 distinct investment options representing a range of strategic asset allocation models from fixed income to appreciation. For each allocation model, donors may choose either actively or passively managed portfolios.

Make grant recommendations to benefit charities that are important to you

You decide when to make grant recommendations and how much to grant to the charities of your choice
Streamlined grant recommendations through Bank of America's secure portal including setting up recurring grants
Receive recognition for your donations or maintain anonymity to protect your privacy
Authorize an unlimited number of individuals to serve as co-advisors to your account

Access and manage your gift fund account using Bank of America's flexible, secure portal

Review your fund balance and transactions
Research grantees using the Guidestar®¹ database of 1.8 million IRS–recognized charitable organizations
Access all account documents
Download useful forms

Things to consider:

Is there any convenient way for me to support the causes important to me?
How can I include my family to build a legacy of giving?
How would I track my giving?

_{¹Guidestar is not affiliated with Bank of America Corporation or its subsidiaries.}

_{Donor-advised fund management is provided by Bank of America Private Bank, 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 are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. and its agents. Brokerage services may be performed by wholly owned brokerage affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”). Merrill is a registered broker-dealer, a registered investment adviser and Member SIPC.}

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_{¹Guidestar is not affiliated with Bank of America Corporation or its subsidiaries.}

_{Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp.}