Bank of America Scholarships

by Lindsey Thompson ; Updated September 25, 2018
Bank of America Scholarships

Offering a wide array of financial and banking services for individuals, small businesses and corporations, Bank of America serves customers across the U.S. and the world. Bank of America engages in corporate philanthropy though a number of grants, monetary donations and community programs. As part of the organization's diversity initiatives and corporate philanthropy mission, Bank of America offers several college scholarships to employees and the general public.

Seek Bank of America Scholarships

The main source of Bank of America scholarships, the Bank of America Foundation designates the company’s philanthropic donations to the various causes that the foundation supports. The Bank of America Achievement Awards Program awards $500 to $2,000 to high school seniors in California who demonstrate academic merit, leadership qualities and outstanding character. Bank of America strives to diversity its workforce and support communities of color. Since 2012, BOA has partnered with the Hispanic Scholarship Fund the awards scholarships for tuition and other college related expenses. In 2018 BOA helped launch a career symposium that helps HSF student scholars find internships and jobs.

Apply to Private Foundations

Some recipients receive a Bank of America scholarship funded through a private foundation. For instance, in collaboration with the Community Foundation of Richmond and Central Virginia, Bank of America established the Lori Ann Robinson Scholarship. The Lori Ann Robinson Scholarship provides a $1,500 renewable award for up to five years to a high school senior from central Virginia in honor of Lori Ann Robinson, a former Bank of America employee killed tragically.

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Contact Professional Organizations

Bank of America also partners with professional organizations to provide college scholarships. Along with the Women’s Business Enterprise National Council, Bank of America offers the Dorothy B. Brothers Executive Scholarship Program. The scholarship honors Dorothy B. Brothers, a former employee of Bank of America and member of the WBENC, and awards nearly 20 scholarships a year to female business owners. The scholarships are intended to help women business owners continue their education and earn advanced degrees to benefit their businesses.

Inquire at Colleges and Universities

Scholarships from Bank of America also come from endowments given to specific colleges and universities. At the University of Texas at San Antonio, Bank of America awards the Bank of America Endowed Scholarship open to students in child development studies. Each scholarship is worth up to $13,000 and goes to a graduate student involved in graduate work in child development programs. Florida Atlantic University students may apply for the Bank of America Florida's Community Scholars Program that awards renewable $3,000 annual scholarships to first-time college students attending the university. Applicants must demonstrate financial need, be involved in community service and have a minimum 3.0 grade point average.

About the Author

Lindsey Thompson began her writing career in 2001. Her work has been published in the Cincinnati Art Museum's "Member Magazine" and "The Ohio Journalist." You'll also find her work on websites like Airbnb, Chron.com, and USAToday.com. Thompson holds a Bachelor of Science in journalism from the Scripps School of Journalism at Ohio University.

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