Bank of America Small & Diverse Business Education Fund Scholarship

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Bank of America Small & Diverse Business Education Fund Scholarship

Award Amount: $50,000

Number of Awards: Ten (10)

Deadline: Wednesday, October 13, 2017

Winner Announcement: Not Known

Brief Description:

Bank of America sponsored a scholarships program named as Small & Diverse Business Education Fund Scholarship that is administrated by Communities Foundation of Texas. The scholarship is designed for qualified certified Small and Diverse Business owners. Business must be currently certified as either a small or diverse business by a recognized national or state diversity certifying agency, including, but not limited to the following diversity classifications. The scholarship is designed to provide targeted training and development support to qualify certified Small and Diverse Business owners, as well as to support Diverse Business initiatives.

Host Institution:

Bank of America Corporation (abbreviated as BofA) is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets. As of 2016, Bank of America was the 26th largest company in the United States by total revenue. In 2016, it was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world

Eligibility:

To be eligible for this scholarship, you must:

  • Scholarship recipients must attend the approved course within 12 months of receiving the award
  • Scholarships are available for the majority business owner only, and not to any other employees of the company
  • Business must be currently certified as either a small or diverse business by a recognized national or state diversity certifying agency, including, but not limited to the following diversity classifications:
  1. Minority Business Enterprise (MBE)
  2. Women Business Enterprise (WBE)
  3. Disabled Person Owned
  4. US Pan Asian Chamber of Commerce (USPAAC)
  5. Veteran-Owned
  6. LGBT Owned
  7. HUBZone (Historically Underutilized Business Zones)
  • Business must have annual sales of between $500,000 and $50,000,000
  • Business must employ at least three full-time employees
  • Business owner must have a minimum of three years of experience developing and running their company
  • Business owner must be a first-time attendee for the specific course they are submitting for scholarship support and
  • Scholarship recipients must attend the approved course within 12 months of receiving the award
  • Trustees and employees of Communities Foundation of Texas or Bank of America, as well as families or other related parties, scholarship fund advisors, committee members or any other persons related to any person involved in the administration or awarding of the Small & Diverse Business Education Fund Scholarship, are not eligible to apply

Instructions for Applying:

Applications must be completed by the given link:

https://boa-minority.academicworks.com/users/sign_in?action=index&controller=opportunities

Award Description:

Scholarships will award 50 scholarships for winning candidate of up to $10,000 each.

Detailed Information Link:

https://www.cftexas.org/bank-of-america-small-diverse-scholarships

Contact Information:

Have any question you can contact to Katie Kuehl at Communities Foundation of Texas at kkuehl-at-cftexas.org.