Business
Bank of America Named No. 1 Nonprofit OCIO Provider Globally in 2025
Bank of America has been recognized as the No. 1 outsourced chief investment office (OCIO) provider to nonprofit organizations globally in 2025, according to the 2025 Global OCIO Survey by the Chestnut Solutions Institute.1 The company's OCIO reported $79.2 billion in nonprofit assets under management.
About this update from Bank Of America Corporation
[{"type":"text","content":"CHARLOTTE, N.C., April 7, 2026 /PRNewswire/ -- Bank of America has been recognized as the No. 1 outsourced chief investment office (OCIO) provider to nonprofit organizations globally in 2025, according to the 2025 Global OCIO Survey by the Chestnut Solutions Institute.1 The company's OCIO reported $79.2 billion in nonprofit assets under management.","length":354,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Tel3UIypnbbVxERHYJmO.w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NA--/https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This recognition underscores our role as a strategic partner to nonprofits as they navigate complex investment and governance challenges," said Bernard Reidy, National Endowment & Foundations Executive at Bank of America Private Bank. "As nonprofits face heightened market and stewardship pressures, our integrated OCIO 2.0 platform provides enhanced transparency and guidance to streamline processes and support mission‑aligned decision making."","length":471,"tagName":"p"},{"type":"text","content":"The report noted that Bank of America's leadership in nonprofit OCIO services is supported by its legacy trust platform, national scale, and a dedicated team serving endowments, foundations, healthcare systems, and other nonprofit institutions. The company's OCIO 2.0 model further strengthens its offering for nonprofits by delivering value‑added governance advisory, strategic planning support, spending policy design, leadership development, fundraising strategies, and more tailored to their needs.","length":510,"tagName":"p"},{"type":"text","content":"The global OCIO marketplace is expected to grow to nearly $5.8 trillion by 2030, according to The Chestnut Solutions Institute2. As the industry rapidly expands and OCIO 2.0 reshapes expectations f...