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Bank of America Commits $250M to Address Hunger and Other Basic Needs for Families in Communities Around the Country

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Bank of America (NYSE: BAC) announced a $250 million commitment over the next five years to support families facing food insecurity and other basic needs across the U.S.

As part of the pledge, the company will provide $5 million of immediate assistance to nearly 100 nonprofit organizations, match employee donations dollar-for-dollar for hunger-focused groups, and employees plan to volunteer more than 100,000 hours before year-end. The commitment expands the bank's existing annual philanthropic support to over 1,200 organizations addressing hunger and related needs.

Bank of America (NYSE: BAC) ha annunciato un impegno di 250 milioni di dollari nei prossimi cinque anni per sostenere le famiglie che affrontano l'insicurezza alimentare e altri bisogni di base in tutto il paese.

Nel quadro dell'impegno, l'azienda offrirà 5 milioni di dollari di assistenza immediata a quasi 100 organizzazioni non profit, proporzionerà le donazioni dei dipendenti in dollari per dollaro per i gruppi focalizzati sulla fame, e i dipendenti prevedono di fare volontariato per oltre 100.000 ore entro la fine dell'anno. L'impegno amplifica il sostegno filantropico annuo già esistente della banca a oltre 1.200 organizzazioni che si occupano di fame e bisogni correlati.

Bank of America (NYSE: BAC) anunció un compromiso de 250 millones de dólares en los próximos cinco años para apoyar a las familias que enfrentan la inseguridad alimentaria y otras necesidades básicas en Estados Unidos.

Como parte del compromiso, la empresa proporcionará 5 millones de dólares de ayuda inmediata a casi 100 organizaciones sin fines de lucro, igualará las donaciones de los empleados dólar por dólar para grupos enfocados en el hambre, y los empleados planean donar más de 100,000 horas de voluntariado antes de fin de año. El compromiso amplía el apoyo filantrópico anual existente del banco a más de 1,200 organizaciones que abordan el hambre y necesidades relacionadas.

뱅크 오브 아메리카(Bank of America, NYSE: BAC)는 향후 5년간 미국 전역에서 식량 불안정과 기타 기본적 필요에 직면한 가족들을 지원하기 위해 2억 5천만 달러의 약속을 발표했다.

약속의 일환으로 이 회사는 거의 100개 비영리 단체에 즉시 지원으로 5백만 달러를 제공하고, 기아에 초점을 맞춘 단체를 위한 직원 기부를 달러당 1대 1로 매칭하며, 직원들은 연말까지 10만 시간 이상 자원봉사를 계획하고 있다. 이 약속은 은행의 기존 연간 자선 지원을 다루는 1,200개 이상의 조직으로 확대한다.

Bank of America (NYSE: BAC) a annoncé un engagement de 250 millions de dollars sur les cinq prochaines années pour soutenir les familles confrontées à l'insécurité alimentaire et d'autres besoins fondamentaux à travers les États-Unis.

Dans le cadre de cet engagement, l'entreprise offrira 5 millions de dollars d'aide immédiate à près de 100 organisations à but non lucratif, égalera les dons des employés dollar pour dollar pour les groupes axés sur la lutte contre la faim, et les employés prévoient de faire du bénévolat pour plus de 100 000 heures d'ici la fin de l'année. Cet engagement porte le soutien philanthropique annuel existant de la banque à plus de 1 200 organisations qui répondent à la faim et à des besoins connexes.

Bank of America (NYSE: BAC) kündigte eine Verpflichtung von 250 Millionen Dollar über die nächsten fünf Jahre an, um Familien zu unterstützen, die mit Nahrungsmittelknappheit und anderen grundlegenden Bedürfnissen in den gesamten USA konfrontiert sind.

Im Rahmen des Versprechens wird das Unternehmen sofort 5 Millionen Dollar an fast 100 gemeinnützigen Organisationen bereitstellen, Spenden der Mitarbeiter dollars-dollar für Gruppen im Bereich Hunger matchen, und die Mitarbeiter planen, bis zum Jahresende mehr als 100.000 Stunden ehrenamtlich tätig zu werden. Die Verpflichtung erweitert die bestehende jährliche philanthropische Unterstützung der Bank auf über 1.200 Organisationen, die Hunger und damit verbundene Bedürfnisse adressieren.

Bank of America (NYSE: BAC) أعلنت عن التزام قدره 250 مليون دولار على مدى السنوات الخمس المقبلة لدعم العائلات التي تواجه انعدام الأمن الغذائي واحتياجات أساسية أخرى عبر الولايات المتحدة.

كجزء من هذا الالتزام، ستوفر الشركة 5 ملايين دولار كمساعدة فورية لما يقرب من 100 منظمة غير ربحية, ستضاهي التبرعات التي يقدمها الموظفون دولاراً مقابل دولار للمجموعات التي تركز على مواجهة الجوع، ويخطط الموظفون للتطوع لأكثر من 100,000 ساعة قبل نهاية العام. هذا الالتزام يوسع الدعم الخيري السنوي الحالي للبنك ليصل إلى أكثر من 1,200 منظمة تعالج مسألة الجوع واحتياجات ذات صلة.

Positive
  • $250 million commitment over five years to fight hunger
  • $5 million of immediate assistance to nearly 100 nonprofits
  • Employees plan > 100,000 volunteer hours by year-end
  • Dollar-for-dollar employee donation matching for hunger-focused groups
  • Company already funds > 1,200 organizations annually
Negative
  • None.

Commitment Over the Next Five Years Includes $5 Million of Immediate Assistance for Families in Local Communities Across the U.S. 

CHARLOTTE, N.C., Oct. 31, 2025 /PRNewswire/ -- Bank of America today announced a $250 million commitment over the next five years to support families and individuals experiencing food insecurity and other basic needs in communities nationwide. This investment builds on the company's long-standing support in this area, as it currently provides annual philanthropic funding to more than 1200 organizations that focus on combatting hunger and other related needs.  

As part of its new commitment, Bank of America will deliver $5 million to nearly 100 nonprofit organizations currently addressing urgent food needs for individuals and families. This move will help ensure these organizations can address increasing needs at the local level.

"Our ongoing commitment to the needs of the local communities where we work and live is foundational to who we are at Bank of America," said Sheri Bronstein, Chief People Officer at Bank of America. "We work closely with food banks, food pantries, and other basic needs-focused organizations every day, and this new commitment builds on decades of giving, volunteering, and partnership."

In addition to philanthropic support, Bank of America employees plan to volunteer more than 100,000 hours between now and the end of the year to assist organizations focused on hunger relief and other critical services. Bank of America will also match employee contributions, dollar for dollar, to organizations focused on combatting hunger in the communities it serves.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Carla Molina, Bank of America        
Phone: 1.512.397.2402
carla.molina@bofa.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-commits-250m-to-address-hunger-and-other-basic-needs-for-families-in-communities-around-the-country-302600795.html

SOURCE Bank of America Corporation

FAQ

What did Bank of America (BAC) announce on October 31, 2025 regarding hunger relief?

Bank of America announced a $250 million commitment over five years to address food insecurity and basic needs.

How much immediate assistance will Bank of America (BAC) provide and to how many nonprofits?

The company will deliver $5 million of immediate assistance to nearly 100 nonprofit organizations.

How will Bank of America (BAC) involve employees in the hunger relief initiative in 2025?

Employees plan to volunteer more than 100,000 hours by year-end and the company will match employee donations dollar-for-dollar for hunger-focused groups.

Does the Bank of America (BAC) commitment build on existing philanthropic activity?

Yes. The bank currently provides annual philanthropic funding to more than 1,200 organizations focused on hunger and related needs.

Over what timeline will Bank of America's (BAC) $250 million commitment be delivered?

The commitment is planned to be delivered over the next five years starting from the October 31, 2025 announcement date.

Where can investors find more Bank of America (BAC) news and announcements like this commitment?

Investors can visit the Bank of America newsroom and register for news email alerts for dividend announcements and other updates.
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