New Head of Bank of America Charity Vows to Keep Giving Steady

Bank of America’s charitable foundation will maintain giving levels this year despite the hit the financial sector has taken in the credit crisis, The Boston Globe reports.

The Boston-based foundation’s new president, Kerry H. Sullivan, said donations will reach $200-million by the end of this year, about the same as in 2008 and in keeping with the company’s vow last year to give $2-billion over 10 years.

(Free registration is required to view this article.)