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Bank of America has been named the largest outsourced chief investment office (OCIO) for foundations and endowments in the US by Pensions & Investments.
BofA's OCIO services include strategic consulting, administrative services, and portfolio management.
"This is an important and growing business, which has increased significantly in recent years," Jennifer Chandler, head of Philanthropic Solutions at Bank of America Private Bank, says in a press release.
"This growth can be attributed to our team's ability to address the increasing demands placed on nonprofit leaders by going beyond investment management to offer strategic consulting and advisory services."
BofA was also recently recognized as the Best Private Bank Philanthropy Offering or Initiative in the Americas by WealthBriefing Wealth for Good Awards. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
When it comes to artificial intelligence, the European Union's General Data Protection Regulation (GDPR) is a no-brainer. But when it comes to the environment, it's a little more...more
Walmart is donating $1 million to help people in the Gaza Strip who have been affected by the recent conflict between Israel and Hamas, the New York Times reports. "With the pause in fighting,...more
The government of Nigerian President Muhammadu Buhari has come up with a novel way to create jobs and boost the country's economy, the Guardian reports. According to a statement from the office...more
Nigeria's president says he wants to create 2 million jobs by the end of his term in 2023, the AP reports. President Bola Tinubu announced the plan Sunday in Abuja, saying $200 million would be...more
Scientists in Spain say they've created an artificial leaf capable of turning water and carbon dioxide into fuel and chemicals, the Guardian reports. "When we recognized our prototype after...more
Delegates from nearly 200 countries are meeting in Dubai this week for the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, and a new report from the...more
The Asian Development Bank says it plans to invest $100 billion to fight climate change in Asia over the next decade. The bank says the money will be used to help the region's cities, towns, and...more
"When RICE opened in 2019, the vision was clear: to create a thriving ecosystem where Black entrepreneurs could turn their dreams into successful businesses," Jay Bailey, president and CEO of the...more
California voters have given their thumbs-up to a ballot measure that aims to boost arts education in public schools. Proposition 28 will provide $500,000 a year for the next five years to the...more
South Africa's Animation School is ranked 12th in the world for animation education by the Animation Career Review website, and now it's joining the Honoris United Universities network of colleges...more
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Social Entrepreneurship
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Tom’s Partner with Make It Right to Build Sustainable Homes for People in Need
Tom’s, the social enterprise popular for its shoes, has released a pair of shoes and a pair of shades to benefit Make It Right, a nonprofit founded by Brad Pitt in 2007 that builds affordable, green homes, buildings and communities for underserved and low-income populations.
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