Bank of America will provide $250 million in support to families.

Charlotte, North Carolina, October 31, 2025 – Bank of America has announced a commitment of $250 million over the next five years to support families and individuals across the United States with food security and other basic needs. This investment builds on a foundation of support that the company has maintained for years, currently providing annual philanthropic funding to over 1,200 organizations focused on fighting hunger and related needs.

As part of the new commitment, Bank of America will allocate $5 million to approximately 100 nonprofits addressing urgent food needs. This move aims to help these organizations respond better to increased local demands.

Sheri Bronstein, Senior Human Resources Executive at Bank of America, stated, "Our ongoing commitment to the needs of the local communities where we work and live is fundamental to Bank of America's identity. Every day, we work closely with food banks, organizations focusing on food insecurity, and other basic needs, and this new commitment builds on years of donations, volunteerism, and partnerships."

Additionally, Bank of America employees will provide over 100,000 hours of volunteer support to organizations focused on hunger relief and other critical services by the end of the year. The company will also support employees' donations to these organizations by matching them dollar for dollar.

Bank of America is one of the world's leading financial institutions providing a full range of banking, investment, asset management, and other financial services to individual consumers, small and medium-sized businesses, and large corporations. The company serves approximately 70 million consumer and small business clients with about 3,600 retail financial centers, 15,000 ATMs, and around 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking, and trading. The company provides innovative and easy-to-use online products and services to approximately 4 million small business households, operating in the United States and more than 35 countries. Bank of America Corporation shares trade on the New York Stock Exchange (NYSE: BAC).