{"success":true,"data":{"pressRelease":{"id":"156889","rtpr_id":"nPn1D4S8xa-20260930","ticker":"BAC","exchange":"NYSE","all_tickers":["BAC"],"title":"/C O R R E C T I O N -- Bank of America Corporation/","author":"PR Newswire","published_at":"2026-09-30T13:17:47.200Z","article_body":"/C O R R E C T I O N -- Bank of America Corporation/\nPR Newswire\n\nNEW YORK, Sept. 30, 2026\n\nIn the news release, Bank of America Study Finds Gen Z and Millennial Donors\nBring New Approach to Giving, issued 30-Sep-2026 by Bank of America\nCorporation over PR Newswire, we are advised by the company that changes have\nbeen made. The complete, corrected release follows, with additional details at\nthe end:\nBank of America Study Finds Gen Z and Millennial Donors Bring New Approach to Giving\nNew Private Bank research finds younger donors are broadening where and how\nthey give, even as confidence in philanthropic succession declines\n\nKey takeaways\n\n * Nearly nine in 10 wealthy Americans (89%) gave to charity in 2025, most\ncommonly directing donations towards supporting basic needs, health care and\ndisaster relief efforts.\n * Nearly half of wealthy Americans (49%) volunteered in 2025, up from 42% in\n2023.\n * Gen Z and Millennial donors support an average of 12 charitable causes,\ncompared with eight among wealthy donors overall, and are more likely to use a\nwider range of giving tools, including charitable trusts, family foundations,\nfundraising and mentorship.\n * Despite strong engagement from younger donors, fewer than half of wealthy\nAmericans (47%) believe the next generation is prepared to take on family\nphilanthropic causes, down from 55% in 2024.\nNEW YORK, Sept. 30, 2026 /PRNewswire/ -- New research from Bank of America\nPrivate Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=2221357378&u=https%3A%2F%2Fwww.privatebank.bankofamerica.com%2Farticles%2Fstudy-of-wealthy-americans-philanthropy.html&a=New+research+from+Bank+of+America+Private+Bank)\n finds that a new generation of wealthy donors is bringing a distinct\napproach to philanthropy, supporting more causes and utilizing a broader range\nof charitable tools than previous generations. Gen Z and Millennial donors\nsupport an average of 12 causes, compared with eight among wealthy donors\noverall. Despite this level of engagement, fewer than half of wealthy\nAmericans (47%) believe the next generation is prepared to take on\nphilanthropic causes, highlighting both the opportunities and challenges\nfacing families as philanthropic leadership passes between generations.\n\nWatch Jennifer Chandler\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=101978656&u=https%3A%2F%2Fcdnapisec.kaltura.com%2Fp%2F4699762%2FembedPlaykitJs%2Fuiconf_id%2F52843002%3Fiframeembed%3Dtrue%26entry_id%3D1_xha3k59v&a=Watch+Jennifer+Chandler)\n discuss findings of Bank of America's philanthropy research.\n\n\"Philanthropy is becoming increasingly multigenerational,\" said Jennifer\nChandler, Head of Philanthropic Solutions at Bank of America Private Bank.\n\"Younger donors want to honor the charitable traditions that shaped them, but\nthey also want to define their own impact. The opportunity for families is to\nengage the next generation early, creating a shared vision for giving while\nallowing room for new priorities and approaches.\"\n\nThe next generation's approach to giving\n\n * Gen Z and Millennial donors support an average of 12 charitable causes,\ncompared with eight among wealthy donors overall, and give to a broad range of\ncauses.\n * Younger donors are less likely to give through direct cash contributions (56%\nvs. 92% of Boomer and Silent Generation donors) but are more likely to use a\nbroader range of philanthropic approaches, some of which they may have\ninherited, including charitable trusts (47% vs. 5%), family foundations (24%\nvs. 2%), fundraising (30% vs. 11%) and mentorship (26% vs. 4%).\n * Younger donors are balancing tradition and individuality: 87% say it is\nimportant to honor their family's philanthropic legacy, while 86% say it is\nequally important to establish their own charitable identity.\n * The share of parents who believe their children share the same commitment to\ngiving back through philanthropy fell to 65% from 76% in 2024.\n * Fewer than half of wealthy individuals (47%) believe the next generation is\nprepared to take on family philanthropic causes, down from 55% in 2024.\nGiving remains strong as priorities evolve\n\n * Nearly nine in 10 wealthy Americans (89%) contributed to charitable causes in\n2025, supporting an average of eight causes, led by basic needs (86%), health\ncare (72%) and disaster relief (68%).\n * Philanthropy is deeply tied to both impact and personal conviction, with 87%\nof donors saying they give because they believe they can make a difference and\n83% citing personal values or beliefs, including religious, political and\nphilosophical views.\n * Donors are increasingly looking beyond financial contributions alone, with\nnearly half (49%) volunteering their time in 2025, up from 42% in 2023.\n * More than one-third of wealthy individuals (36%) say their philanthropic\npriorities have changed over the past year.\n * Despite this strong sense of purpose, one-quarter of philanthropists (25%) say\nthey do not measure the impact of their giving at all, rising to 31% among\nBoomer and Silent Generation donors.\nDonor-Advised Funds offer opportunity for future growth\n\n * Nearly one in 10 wealthy individuals currently use a donor-advised fund (DAF)\n– with adoption approximately twice as high among Gen Z and Millennial\ndonors – and 75% of current DAF users plan to increase contributions over\nthe next three years.\n * Current DAF users cite strong benefits, such as the ability to invest assets\nfor tax-free growth (98%), maximize tax benefits (96%) and simplify charitable\ngiving (94%).\n * However, awareness remains a barrier: Only 14% of non-users strongly agree\nthat they understand how DAFs work.\nRead more about the study findings: Building trust in Agentic Commerce\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=3143353698&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fdam%2Fnewsroom%2Fdocs%2F2026%2FPrinciples%2520Paper%2520-%2520Final.pdf&a=Building+trust+in+Agentic+Commerce)\n\nFrequently asked questions\nQuestion: What trends are shaping philanthropy among wealthy Americans today?\n\nAnswer: Our latest study found that philanthropy remains a priority for\nwealthy Americans, with 89% contributing to charitable causes in 2025. At the\nsame time, giving is becoming more dynamic and personalized. More than\none-third of donors say their philanthropic priorities have changed over the\npast year. Donors are also engaging in new ways, with volunteerism rising from\n42% in 2023 to 49% in 2025.\n\nQuestion: How does Bank of America Private Bank help clients navigate today's\nevolving philanthropic landscape?\n\nAnswer: Bank of America Private Bank helps clients align their philanthropy\nwith their values, financial goals and desired impact. Through providing\nsupport and access to the wide variety of charitable giving vehicles donors\nrely on, we help individuals, families and institutions evaluate giving\nstrategies, identify causes and organizations that matter most to them and\ndevelop approaches that can evolve alongside their priorities and\ncircumstances.\n\nQuestion: What role are younger generations playing in the future of\nphilanthropy?\n\nAnswer: Younger wealthy donors are taking an increasingly diversified approach\nto giving. Gen Z and Millennial donors support more causes on average than\nwealthy donors overall and are more likely to engage through charitable\ntrusts, family foundations, fundraising and mentorship. At the same time, many\nare balancing a desire to honor their family's philanthropic legacy with a\ncommitment to creating their own charitable identity.\n\nQuestion: How does Bank of America Private Bank support family conversations\naround philanthropy?\n\nAnswer: Philanthropy can be a powerful way to bring families together around\nshared values and long-term goals. Bank of America Private Bank helps\nfacilitate family discussions about charitable priorities, decision-making and\nlegacy planning, while creating opportunities for younger generations to\nparticipate and develop their own perspectives on giving.\n\nQuestion: What is a donor-advised fund, and why are some donors using them?\n\nAnswer: A donor-advised fund (DAF) is a charitable giving vehicle that allows\ndonors to make charitable contributions, potentially receive an immediate,\nmarket-rate tax deduction and recommend grants to nonprofit organizations over\ntime. Our study found that current DAF users cite strong benefits,\nparticularly the ability to invest assets for potential tax-free growth,\nsimplify charitable giving and maximize tax benefits. Advisors can help\nclients determine whether a donor-advised fund may be appropriate given their\nphilanthropic and financial objectives.\n\n2026 Bank of America Private Bank Study of Wealthy Americans Methodology\nEscalent, an independent market research company, conducted an online survey\non behalf of Bank of America Private Bank among 1,431 wealthy individuals in\nthe United States. Respondents were ages 21 or older with at least $3 million\ndollars in investable assets, excluding primary residence. Participants were\nsourced from multiple panel providers targeting wealthy individuals. The\nsurvey was fielded from January 8, 2026, to February 5, 2026. Data were\nweighted to reflect the U.S. high‑net‑worth population by age, investable\nassets, region, and gender, and respondents are not necessarily clients of\nBank of America or its wealth and investment management businesses.\n\nBank of America\n\nBank of America is one of the world's leading financial institutions, serving\nindividual consumers, small and middle-market businesses and large\ncorporations with a full range of banking, investing, asset management and\nother financial and risk management products and services. The company\nprovides unmatched convenience in the United States, serving more than 69\nmillion clients with approximately 3,500 retail financial centers,\napproximately 15,000 ATMs (automated teller machines) and award-winning\ndigital banking with approximately 60 million verified digital users. Bank of\nAmerica is a global leader in wealth management, corporate and investment\nbanking and trading across a broad range of asset classes, serving\ncorporations, governments, institutions and individuals around the world. As\nthe #1 small business lender in the United States (FDIC), Bank of America\noffers industry-leading support to approximately 4 million small business\nhouseholds through a suite of innovative, easy-to-use online products and\nservices. The company serves clients through operations across the United\nStates, its territories and more than 35 countries and/or jurisdictions. Bank\nof America Corporation stock (NYSE: BAC) is listed on the New York Stock\nExchange.\n\nFor more Bank of America news, including dividend announcements and other\nimportant information, visit the Bank of America newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=3924039591&u=http%3A%2F%2Fnewsroom.bankofamerica.com%2F&a=Bank+of+America+newsroom)\n and register for news email alerts\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=2755240699&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fnewsroom%2Femail-subscription-form.html&a=register+for+news+email+alerts)\n.\n\nReporters may contact\n\nJulia Ehrenfeld, Bank of America\nPhone: 1. 646.855.3267\njulia.ehrenfeld@bofa.com (mailto:Julia.ehrenfeld@bofa.com)\n\nCarolyn Batt, Bank of America\nPhone: 1.646.983.1369\ncarolyn.batt@bofa.com (mailto:carolyn.batt@bofa.com)\n\nImportant disclosures\nBanking products are provided by Bank of America, N.A., and affiliated banks,\nMembers FDIC and wholly owned subsidiaries of Bank of America Corporation.\n\nInvestment products\n Are Not FDIC Insured  Are Not Bank Guaranteed  May Lose Value\n\nCorrection: The link in the first paragraph has been updated.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bank-of-america-study-finds-gen-z-and-millennial-donors-bring-new-approach-to-giving-302893901.html\n(https://www.prnewswire.com/news-releases/bank-of-america-study-finds-gen-z-and-millennial-donors-bring-new-approach-to-giving-302893901.html)\n\nSOURCE Bank of America Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS970893/Bank-of-America-Corporation-Logo.jpg?id=OA2977815\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1D4S8xa-20260930","title":"/C O R R E C T I O N -- Bank of America Corporation/","author":"PR Newswire","ticker":"BAC","created":"2026-09-30T13:17:47.200Z","tickers":["BAC"],"exchange":"NYSE","article_body":"/C O R R E C T I O N -- Bank of America Corporation/\nPR Newswire\n\nNEW YORK, Sept. 30, 2026\n\nIn the news release, Bank of America Study Finds Gen Z and Millennial Donors\nBring New Approach to Giving, issued 30-Sep-2026 by Bank of America\nCorporation over PR Newswire, we are advised by the company that changes have\nbeen made. The complete, corrected release follows, with additional details at\nthe end:\nBank of America Study Finds Gen Z and Millennial Donors Bring New Approach to Giving\nNew Private Bank research finds younger donors are broadening where and how\nthey give, even as confidence in philanthropic succession declines\n\nKey takeaways\n\n * Nearly nine in 10 wealthy Americans (89%) gave to charity in 2025, most\ncommonly directing donations towards supporting basic needs, health care and\ndisaster relief efforts.\n * Nearly half of wealthy Americans (49%) volunteered in 2025, up from 42% in\n2023.\n * Gen Z and Millennial donors support an average of 12 charitable causes,\ncompared with eight among wealthy donors overall, and are more likely to use a\nwider range of giving tools, including charitable trusts, family foundations,\nfundraising and mentorship.\n * Despite strong engagement from younger donors, fewer than half of wealthy\nAmericans (47%) believe the next generation is prepared to take on family\nphilanthropic causes, down from 55% in 2024.\nNEW YORK, Sept. 30, 2026 /PRNewswire/ -- New research from Bank of America\nPrivate Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=2221357378&u=https%3A%2F%2Fwww.privatebank.bankofamerica.com%2Farticles%2Fstudy-of-wealthy-americans-philanthropy.html&a=New+research+from+Bank+of+America+Private+Bank)\n finds that a new generation of wealthy donors is bringing a distinct\napproach to philanthropy, supporting more causes and utilizing a broader range\nof charitable tools than previous generations. Gen Z and Millennial donors\nsupport an average of 12 causes, compared with eight among wealthy donors\noverall. Despite this level of engagement, fewer than half of wealthy\nAmericans (47%) believe the next generation is prepared to take on\nphilanthropic causes, highlighting both the opportunities and challenges\nfacing families as philanthropic leadership passes between generations.\n\nWatch Jennifer Chandler\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=101978656&u=https%3A%2F%2Fcdnapisec.kaltura.com%2Fp%2F4699762%2FembedPlaykitJs%2Fuiconf_id%2F52843002%3Fiframeembed%3Dtrue%26entry_id%3D1_xha3k59v&a=Watch+Jennifer+Chandler)\n discuss findings of Bank of America's philanthropy research.\n\n\"Philanthropy is becoming increasingly multigenerational,\" said Jennifer\nChandler, Head of Philanthropic Solutions at Bank of America Private Bank.\n\"Younger donors want to honor the charitable traditions that shaped them, but\nthey also want to define their own impact. The opportunity for families is to\nengage the next generation early, creating a shared vision for giving while\nallowing room for new priorities and approaches.\"\n\nThe next generation's approach to giving\n\n * Gen Z and Millennial donors support an average of 12 charitable causes,\ncompared with eight among wealthy donors overall, and give to a broad range of\ncauses.\n * Younger donors are less likely to give through direct cash contributions (56%\nvs. 92% of Boomer and Silent Generation donors) but are more likely to use a\nbroader range of philanthropic approaches, some of which they may have\ninherited, including charitable trusts (47% vs. 5%), family foundations (24%\nvs. 2%), fundraising (30% vs. 11%) and mentorship (26% vs. 4%).\n * Younger donors are balancing tradition and individuality: 87% say it is\nimportant to honor their family's philanthropic legacy, while 86% say it is\nequally important to establish their own charitable identity.\n * The share of parents who believe their children share the same commitment to\ngiving back through philanthropy fell to 65% from 76% in 2024.\n * Fewer than half of wealthy individuals (47%) believe the next generation is\nprepared to take on family philanthropic causes, down from 55% in 2024.\nGiving remains strong as priorities evolve\n\n * Nearly nine in 10 wealthy Americans (89%) contributed to charitable causes in\n2025, supporting an average of eight causes, led by basic needs (86%), health\ncare (72%) and disaster relief (68%).\n * Philanthropy is deeply tied to both impact and personal conviction, with 87%\nof donors saying they give because they believe they can make a difference and\n83% citing personal values or beliefs, including religious, political and\nphilosophical views.\n * Donors are increasingly looking beyond financial contributions alone, with\nnearly half (49%) volunteering their time in 2025, up from 42% in 2023.\n * More than one-third of wealthy individuals (36%) say their philanthropic\npriorities have changed over the past year.\n * Despite this strong sense of purpose, one-quarter of philanthropists (25%) say\nthey do not measure the impact of their giving at all, rising to 31% among\nBoomer and Silent Generation donors.\nDonor-Advised Funds offer opportunity for future growth\n\n * Nearly one in 10 wealthy individuals currently use a donor-advised fund (DAF)\n– with adoption approximately twice as high among Gen Z and Millennial\ndonors – and 75% of current DAF users plan to increase contributions over\nthe next three years.\n * Current DAF users cite strong benefits, such as the ability to invest assets\nfor tax-free growth (98%), maximize tax benefits (96%) and simplify charitable\ngiving (94%).\n * However, awareness remains a barrier: Only 14% of non-users strongly agree\nthat they understand how DAFs work.\nRead more about the study findings: Building trust in Agentic Commerce\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=3143353698&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fdam%2Fnewsroom%2Fdocs%2F2026%2FPrinciples%2520Paper%2520-%2520Final.pdf&a=Building+trust+in+Agentic+Commerce)\n\nFrequently asked questions\nQuestion: What trends are shaping philanthropy among wealthy Americans today?\n\nAnswer: Our latest study found that philanthropy remains a priority for\nwealthy Americans, with 89% contributing to charitable causes in 2025. At the\nsame time, giving is becoming more dynamic and personalized. More than\none-third of donors say their philanthropic priorities have changed over the\npast year. Donors are also engaging in new ways, with volunteerism rising from\n42% in 2023 to 49% in 2025.\n\nQuestion: How does Bank of America Private Bank help clients navigate today's\nevolving philanthropic landscape?\n\nAnswer: Bank of America Private Bank helps clients align their philanthropy\nwith their values, financial goals and desired impact. Through providing\nsupport and access to the wide variety of charitable giving vehicles donors\nrely on, we help individuals, families and institutions evaluate giving\nstrategies, identify causes and organizations that matter most to them and\ndevelop approaches that can evolve alongside their priorities and\ncircumstances.\n\nQuestion: What role are younger generations playing in the future of\nphilanthropy?\n\nAnswer: Younger wealthy donors are taking an increasingly diversified approach\nto giving. Gen Z and Millennial donors support more causes on average than\nwealthy donors overall and are more likely to engage through charitable\ntrusts, family foundations, fundraising and mentorship. At the same time, many\nare balancing a desire to honor their family's philanthropic legacy with a\ncommitment to creating their own charitable identity.\n\nQuestion: How does Bank of America Private Bank support family conversations\naround philanthropy?\n\nAnswer: Philanthropy can be a powerful way to bring families together around\nshared values and long-term goals. Bank of America Private Bank helps\nfacilitate family discussions about charitable priorities, decision-making and\nlegacy planning, while creating opportunities for younger generations to\nparticipate and develop their own perspectives on giving.\n\nQuestion: What is a donor-advised fund, and why are some donors using them?\n\nAnswer: A donor-advised fund (DAF) is a charitable giving vehicle that allows\ndonors to make charitable contributions, potentially receive an immediate,\nmarket-rate tax deduction and recommend grants to nonprofit organizations over\ntime. Our study found that current DAF users cite strong benefits,\nparticularly the ability to invest assets for potential tax-free growth,\nsimplify charitable giving and maximize tax benefits. Advisors can help\nclients determine whether a donor-advised fund may be appropriate given their\nphilanthropic and financial objectives.\n\n2026 Bank of America Private Bank Study of Wealthy Americans Methodology\nEscalent, an independent market research company, conducted an online survey\non behalf of Bank of America Private Bank among 1,431 wealthy individuals in\nthe United States. Respondents were ages 21 or older with at least $3 million\ndollars in investable assets, excluding primary residence. Participants were\nsourced from multiple panel providers targeting wealthy individuals. The\nsurvey was fielded from January 8, 2026, to February 5, 2026. Data were\nweighted to reflect the U.S. high‑net‑worth population by age, investable\nassets, region, and gender, and respondents are not necessarily clients of\nBank of America or its wealth and investment management businesses.\n\nBank of America\n\nBank of America is one of the world's leading financial institutions, serving\nindividual consumers, small and middle-market businesses and large\ncorporations with a full range of banking, investing, asset management and\nother financial and risk management products and services. The company\nprovides unmatched convenience in the United States, serving more than 69\nmillion clients with approximately 3,500 retail financial centers,\napproximately 15,000 ATMs (automated teller machines) and award-winning\ndigital banking with approximately 60 million verified digital users. Bank of\nAmerica is a global leader in wealth management, corporate and investment\nbanking and trading across a broad range of asset classes, serving\ncorporations, governments, institutions and individuals around the world. As\nthe #1 small business lender in the United States (FDIC), Bank of America\noffers industry-leading support to approximately 4 million small business\nhouseholds through a suite of innovative, easy-to-use online products and\nservices. The company serves clients through operations across the United\nStates, its territories and more than 35 countries and/or jurisdictions. Bank\nof America Corporation stock (NYSE: BAC) is listed on the New York Stock\nExchange.\n\nFor more Bank of America news, including dividend announcements and other\nimportant information, visit the Bank of America newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=3924039591&u=http%3A%2F%2Fnewsroom.bankofamerica.com%2F&a=Bank+of+America+newsroom)\n and register for news email alerts\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785787-1&h=2755240699&u=https%3A%2F%2Fnewsroom.bankofamerica.com%2Fcontent%2Fnewsroom%2Femail-subscription-form.html&a=register+for+news+email+alerts)\n.\n\nReporters may contact\n\nJulia Ehrenfeld, Bank of America\nPhone: 1. 646.855.3267\njulia.ehrenfeld@bofa.com (mailto:Julia.ehrenfeld@bofa.com)\n\nCarolyn Batt, Bank of America\nPhone: 1.646.983.1369\ncarolyn.batt@bofa.com (mailto:carolyn.batt@bofa.com)\n\nImportant disclosures\nBanking products are provided by Bank of America, N.A., and affiliated banks,\nMembers FDIC and wholly owned subsidiaries of Bank of America Corporation.\n\nInvestment products\n Are Not FDIC Insured  Are Not Bank Guaranteed  May Lose Value\n\nCorrection: The link in the first paragraph has been updated.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/bank-of-america-study-finds-gen-z-and-millennial-donors-bring-new-approach-to-giving-302893901.html\n(https://www.prnewswire.com/news-releases/bank-of-america-study-finds-gen-z-and-millennial-donors-bring-new-approach-to-giving-302893901.html)\n\nSOURCE Bank of America Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS970893/Bank-of-America-Corporation-Logo.jpg?id=OA2977815\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-30T13:17:47.253611815Z","server_sent_at_ms":1790774267253},"received_at":"2026-09-30T13:17:47.305Z","source_url":"https://www.prnewswire.com/news-releases/bank-of-america-study-finds-gen-z-and-millennial-donors-bring-new-approach-to-giving-302893901.html"},"analysis":{"id":"145566","press_release_id":"156889","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"Bank of America reissued a corrected version of its Private Bank study on wealthy American philanthropy, with the correction limited to an updated link in the first paragraph.\n\nThe study finds 89% of wealthy Americans gave to charity in 2025, with Gen Z and Millennial donors supporting an average of 12 causes versus eight overall, and only 47% of wealthy respondents believing the next generation is prepared to carry on family philanthropy.\n\nThis is brand-marketing research supporting BAC's private bank and wealth-management franchise; there is no financial, regulatory, or operational news material to the stock.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Corrected re-transmission of a philanthropy study — suppress for trading workflows, at most soft wealth-management brand signal."},"keyFigures":{"customDimensions":{"survey_respondents":1431,"pct_gave_to_charity":"89%","pct_volunteered_2025":"49%","avg_causes_younger_donors":12,"pct_believe_next_gen_prepared":"47%"}},"quotedText":"Philanthropy is becoming increasingly multigenerational","namedEntities":{"people":[{"name":"Jennifer Chandler","role":"Head of Philanthropic Solutions, Bank of America Private Bank"},{"name":"Julia Ehrenfeld","role":"media contact, Bank of America"},{"name":"Carolyn Batt","role":"media contact, Bank of America"}],"products":["Bank of America Private Bank","donor-advised funds"],"companies":[{"name":"Bank of America Corporation","ticker":"BAC","relationship":"filer"},{"name":"Escalent","relationship":"market research vendor"}],"dollarAmounts":[{"amount":"$3 million","context":"minimum investable assets for survey respondents"}]},"materialImpact":{"score":1,"reasoning":"This is a corrected PR Newswire transmission of a Bank of America Private Bank philanthropy study — brand marketing research, not a financial disclosure. It has no direct effect on BAC earnings, capital, or operations."},"tickerRelevance":{"others":[],"primary":"BAC"},"globalImportance":5,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"brand-research-correction","issuerAuthored":true,"financialMateriality":"none"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bank of America reissued a corrected version of its Private Bank study on wealthy American philanthropy, with the correction limited to an updated link in the first paragraph.\n\nThe study finds 89% of wealthy Americans gave to charity in 2025, with Gen Z and Millennial donors supporting an average of 12 causes versus eight overall, and only 47% of wealthy respondents believing the next generation is prepared to carry on family philanthropy.\n\nThis is brand-marketing research supporting BAC's private bank and wealth-management franchise; there is no financial, regulatory, or operational news material to the stock.","key_figures":{"customDimensions":{"survey_respondents":1431,"pct_gave_to_charity":"89%","pct_volunteered_2025":"49%","avg_causes_younger_donors":12,"pct_believe_next_gen_prepared":"47%"}},"named_entities":{"people":[{"name":"Jennifer Chandler","role":"Head of Philanthropic Solutions, Bank of America Private Bank"},{"name":"Julia Ehrenfeld","role":"media contact, Bank of America"},{"name":"Carolyn Batt","role":"media contact, Bank of America"}],"products":["Bank of America Private Bank","donor-advised funds"],"companies":[{"name":"Bank of America Corporation","ticker":"BAC","relationship":"filer"},{"name":"Escalent","relationship":"market research vendor"}],"dollarAmounts":[{"amount":"$3 million","context":"minimum investable assets for survey respondents"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T13:17:52.813Z","global_importance":5,"audience_relevance":8,"importance_components":{"tickerTier":"mega-cap","eventGravity":"brand-research-correction","issuerAuthored":true,"financialMateriality":"none"}},"durationMs":5489,"modelName":"glm-5.3-flashx"}}