Bank of America Entrusts More Than $22 Million to Community Foundation

After collaborating with the Community Foundation of Western Massachusetts (CFWM) for 29 years, the Bank of America in May transferred three trusts totaling more than $22 million to the Valley-wide grant funder. The move brings CFWM’s total earned assets from roughly $153 million to $175 million and bolsters its role as an enduring philanthropic leader in the Pioneer Valley. “That the Bank of America has enough faith in us and what we can do, and in our ability to effectively administer funds, acknowledges that we are truly a leader of philanthropy in the Pioneer Valley,” said Elizabeth Sillin, trustee chair of CFWM, adding that the increase in assets will help CFWM better position itself to attract funds from partners and other granting entities outside the region to support its work.

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