Deadline: May 1, 2025
Mission
The Fichtenbaum Charitable Trust was established in 2017 by Dorace and Morton Fichtenbaum, who lived in Dallas, to provide financial support for charitable, religious, scientific, literary or educational purposes to qualified Texas charitable organizations. Dorace and Morton were both very supportive of the local community throughout their lives.
INTRODUCTION
Bank of America, N.A. serves as trustee, co-trustee or agent to numerous private foundations. Many of these foundations are managed by our Texas Private Bank, Philanthropic Solutions office in Dallas, Texas. Donors of these foundations and charitable trusts have granted discretion to Bank of America Private Bank to design and execute charitable grantmaking programs to support nonprofit organizations serving vital community needs.
Working with either an internal distribution committee or in conjunction with a co-trustee, family member, or external advisor, we carefully evaluate grant proposals to ensure that meaningful grants are awarded in accordance with the philanthropic mission of each foundation. We have prepared these grantmaking procedures as a tool to help the nonprofit community better understand the grantmaking goals and grant application processes for these foundations.
For the Texas foundations, there is a combined annual giving of over $100 million dollars awarded to charitable organizations. The majority of these grants are awarded in Texas. Please review Section IV of these guidelines to learn more about the various foundations and their geographic focus areas. In addition, please note that not all charitable foundations we manage are listed in Section IV of this document or listed at on the website at either the family or the foundation’s request. Visit www.bankofamerica.com/grantmaking for periodic additions and updates.
Carefully review all sections of both the Grantmaking Procedures to ensure compliance with all procedural requirements. Incomplete or incorrect applications cannot be considered.
Please note that if your organization is awarded a grant, a Post Grant Evaluation Report is required within 1 year of the grant award date. Please see pages 11-13 for more details.
Mission
The Fichtenbaum Charitable Trust was established in 2017 by Dorace and Morton Fichtenbaum, who lived in Dallas, to provide financial support for charitable, religious, scientific, literary or educational purposes to qualified Texas charitable organizations. Dorace and Morton were both very supportive of the local community throughout their lives.
Areas of interest include:
- Medical Research (specifically cancer, heart, vision and Myasthenia Gravis)
- Education and research for children with mental or physical disabilities
- Children’s education and exposure to fine arts
Successful proposals are unique, necessary and of high priority for the charitable organizations, and do not duplicate other services which are available. Successful proposals seek funding that may not be readily available from other sources for essential projects that are sufficiently described as worthwhile, important and of a substantive nature.
The application deadline for the Fichtenbaum Charitable Trust is May 1. Applicants will be notified of grant decisions before June 30.
Grants may include capital and program support, research, scholarships and grants to meet challenges or matching funds.
The majority of grants from the Foundation are 1 year in duration. Grant amounts will average from $10,000 to $100,000. Larger multi-year commitments can be awarded. The average grant size is $35,000.
For more information, please see the opportunity webpage.