BofA Awards $1 Million Grant to After School Matters

Bank of America (NYSE: BAC) awarded a $1 million grant to After School Matters to fund the new Orleans Teen Center in Chicago's Cabrini neighborhood, announced Dec. 1, 2025.

Rhea-AI Summary

Bank of America (NYSE: BAC) awarded a $1 million grant to After School Matters to fund the new Orleans Teen Center in Chicago's Cabrini neighborhood, announced Dec. 1, 2025. The center opened in November 2025 and will serve approximately 1,500 teens annually with studios, theater, gym, STEM labs, and workforce-focused programs.

The grant moves After School Matters closer to its $27 million capital campaign goal and builds on a multi-decade partnership in which Bank of America has provided more than $3.7 million in funding, including a $200,000 Neighborhood Builder award in 2024.

Positive

• $1.0M grant advances $27M capital campaign
• Orleans Teen Center serves ~1,500 teens per year after November 2025 opening
• Bank of America partnership totals >$3.7M, including $200k Neighborhood Builder award in 2024

Negative

• None.

Argus Dec 2 session

-0.09% close to close Open Argus

Details

News Market Reaction – BAC

On Dec 2, the first trading day after this news, BAC closed 0.09% below the previous close.

Data tracked by StockTitan Argus for the Dec 2 session.

Market Context

This announcement highlights Bank of America’s $1 million grant to support the Orleans Teen Center, ...

Analysis

This announcement highlights Bank of America’s $1 million grant to support the Orleans Teen Center, which expects to serve about 1,500 teens annually and advances a $27 million campaign. It adds to more than $3.7 million in prior support for After School Matters and fits a broader pattern of community-focused grants. Investors monitoring BAC may view such CSR activity alongside its strong operating scale and ongoing structured-note issuance under the current S-3 shelf.

Key Figures

Grant amount: $1,000,000 Teens served annually: 1,500 teens Capital campaign: $27,000,000 +5 more

Grant amount

$1,000,000

BofA grant to After School Matters Orleans Teen Center

Teens served annually

1,500 teens

Orleans Teen Center expected yearly reach

Capital campaign

$27,000,000

After School Matters Orleans Teen Center campaign goal

Prior BofA support

$3,700,000+

Multi-decade funding to After School Matters

Neighborhood Builder award

$200,000

2024 flexible funding to After School Matters

Lifetime teen reach

450,000 teens

Chicago teens engaged by After School Matters over three decades

Client base

70,000,000 clients

U.S. consumer and small business clients served by BofA

Digital users

59,000,000 users

Verified digital banking users at BofA

Historical Context

5 past events · Latest: Dec 08

5 events

1. Dec 08

   Benefits platform launch

   24h Move

   -0.1%

   Enhanced Workplace Benefits platform for small and mid-size businesses.

2. Dec 04

   Card promo launch

   24h Move

   +0.1%

   FIFA World Cup 2026™ custom card design and bonus offer for new cards.

3. Dec 02

   Macro outlook report

   24h Move

   -0.1%

   Forecast of stronger-than-consensus 2026 economic growth by BofA Global Research.

4. Dec 01

   Chicago grant award

   24h Move

   -0.1%

   CSR grant backing Orleans Teen Center and youth-focused programming in Chicago.

5. Nov 24

   Tampa grants

   24h Move

   +0.7%

   Philanthropic grants to Tampa Museum of Art and Tampa Theatre campaigns.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

asset management, risk management, digital banking, wealth management, +1 more

5 terms

asset management financial

"a full range of banking, investing, asset management and other financial"

Asset management is the professional oversight and planning of investments — such as stocks, bonds, real estate, and cash — to meet a client’s financial goals while controlling risk. It matters to investors because skilled managers build and adjust a diversified portfolio, like a gardener tending different plants to maximize growth and survive bad weather, which can improve returns, reduce losses, and save individual investors time and expertise.

risk management financial

"and other financial and risk management products and services."

Risk management is the ongoing process of identifying potential events or conditions that could reduce an investment’s value, measuring how likely and how severe those losses could be, and putting controls in place to limit harm—like spreading money across different assets, setting loss limits, or buying insurance. For investors it matters because it turns uncertainty into a manageable plan, helping preserve capital and steady returns much like a seatbelt or a spare tire reduces the downside of unexpected problems.

View in glossary

digital banking technical

"15,000 ATMs (automated teller machines) and award-winning digital banking"

Digital banking is a way of managing financial services and transactions entirely online, often through websites or mobile apps, without visiting a physical bank branch. It allows users to check balances, transfer money, and pay bills conveniently from their devices. For investors, digital banking highlights how financial services are becoming more accessible and efficient, shaping the future landscape of banking and payment systems.

wealth management financial

"Bank of America is a global leader in wealth management, corporate and"

Wealth management is a professional service that helps people organize, grow and protect their money by combining investment advice with tax planning, retirement preparation and long-range financial planning into a single, ongoing strategy. Think of it as a personal financial coach and project manager who coordinates specialists and choices to meet life goals. For investors, it matters because it aligns investments with objectives, manages risk and seeks better after-tax outcomes over time.

automated teller machines technical

"with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines)"

Automated teller machines are electronic kiosks that let customers withdraw cash, deposit funds, transfer money and check balances without a human teller, using a bank card, PIN or contactless methods. For investors, an ATM network matters because its size, location and uptime affect a bank’s fee income, customer convenience and operating costs—similar to how a chain of storefronts increases reach and sales—so ATMs influence revenue, customer retention and competitive position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Funds Orleans Teen Center Serving 1,500 Teens in Cabrini Community

CHICAGO, Dec. 1, 2025 /PRNewswire/ -- Bank of America has awarded a $1 million grant to After School Matters to fund the nonprofit's brand-new Orleans Teen Center, a state-of-the-art facility situated in the Cabrini neighborhood that will expand opportunities for teens through creative, career-focused youth programming. The grant brings the organization close to the finish line of its $27 million capital campaign.

The new teen center, which opened in November, will serve approximately 1,500 young people each year through learning, enrichment, and workforce and career development initiatives. The three-story building features vibrant studios, a theater, gymnasium, STEM labs, and gathering spaces where teens can explore their interests in the arts, technology, trades, and leadership.

The building also features the Bank of America Teen Lounge, a welcoming space at the heart of the entryway, reflecting the bank's longstanding commitment to investing in Chicago's youth and supporting career pathways that strengthen communities.

"As Chicago's largest provider of out-of-school time programs for teens, After School Matters gives young people a safe, supportive space to explore their interests, build skills in the arts, leadership, sports, and STEM, and earn stipends that prepare them for their futures," said Rita Cook, president, Bank of America Chicago. "Bank of America shares ASM's commitment to investing in our youth through workforce and career initiatives, and we look forward to seeing the opportunities that will grow from the Orleans Teen Center."

Bank of America's partnership with After School Matters spans more than two decades and over $3.7 million in funding. In 2024, the nonprofit was named a Bank of America Neighborhood Builder for its commitment to uplifting Chicago-area youth, receiving $200,000 in flexible funding and access to comprehensive leadership development. Additionally, the bank has long supported After School Matters' paid summer internships for hundreds of Chicago-area teens, helping open doors to future opportunities.

"We are so proud of our long-standing partnership with Bank of America. This new Teen Center is about opening doors—especially for teens who too often face barriers to opportunity. Bank of America's $1 million grant ensures more young people will have a safe place to build skills for college, careers, and life," shared After School Matters CEO Mary Ellen Caron. "We are deeply grateful for Bank of America's continued commitment to Chicago's teens."  

For more information about the new After School Matters at Orleans Teen Center, please visit www.afterschoolmatters.org/locations/orleans/.  

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.

After School Matters 

After School Matters is a nonprofit organization that provides high-quality after-school and summer opportunities to Chicago public high school teens, helping them explore their passions and develop critical skills for work, college, and beyond. Programs are project-based, led by industry experts, and designed to foster independence and growth. Teens earn stipends while participating in programs across the arts, communications and leadership, sports, and STEM. For more than three decades, After School Matters has engaged over 450,000 Chicago teens. Learn more at www.afterschoolmatters.org. 

Reporters may contact

Diane Wagner, Bank of America
Phone: 1.312.992.2370
diane.wagner@bofa.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-awards-1-million-grant-to-after-school-matters-302629447.html

SOURCE Bank of America Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Bank of America announce on Dec. 1, 2025 regarding After School Matters (BAC)?

Bank of America announced a $1 million grant to fund the new Orleans Teen Center in Chicago, serving about 1,500 teens annually.

How does the $1 million grant affect After School Matters' $27 million capital campaign?

The grant brings the nonprofit close to its $27 million capital campaign goal, according to the announcement.

When did the Orleans Teen Center open and what facilities does it include?

The center opened in November 2025 and includes studios, a theater, gymnasium, STEM labs, and the Bank of America Teen Lounge.

How large is Bank of America's historical support for After School Matters mentioned in the announcement?

The announcement cites more than $3.7 million in partnership funding over two decades, plus a $200,000 Neighborhood Builder award in 2024.

Does the announcement state any direct impact of the grant on Bank of America's earnings or guidance (BAC)?

No; the announcement describes a philanthropic grant and does not state any direct effect on Bank of America's earnings or financial guidance.

Where can investors find more information about the new Orleans Teen Center and the grant (BAC)?

The announcement directs readers to the After School Matters Orleans location page at www.afterschoolmatters.org/locations/orleans/ for more information.