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.

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

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 easily make new contributions, select investment objectives, make grant recommendations to the charities of your choice, track your giving, and access statements and tax documentation.

Open your Charitable Gift Fund 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-publicly traded assets (i.e. private stock, restricted stock, real estate)

Bank of America Charitable Gift Fund benefits:

Choose how your funds are invested

  • The Charitable 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 sustainable, actively-managed portfolios, or passive, all ETF (exchange-traded fund), 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

Connect with a Merrill Private Wealth Advisor.

Frequently asked questions

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.

Related insights

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  • The smarter way to give – the Bank of America Charitable Gift Fund (CGF)

  • Making charitable giving more tax-efficient