Bank of America has been recognized as the number one outsourced chief investment office (OCIO) provider to nonprofit organizations worldwide in 2025, according to the 2025 Global OCIO Survey by the Chestnut Solutions Institute, as announced on Apr. 7.
The recognition highlights Bank of America’s role in helping nonprofits manage complex investment and governance needs. The company’s OCIO reported $79.2 billion in nonprofit assets under management.
“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.”
According to the report, Bank of America’s leadership is supported by its trust platform, national scale, and dedicated team serving endowments, foundations, healthcare systems, and other institutions. The company’s OCIO 2.0 model offers services such as governance advisory, strategic planning support, spending policy design, leadership development, fundraising strategies tailored for nonprofits.
The Chestnut Solutions Institute’s survey introduced a new industry definition for an OCIO mandate aimed at increasing transparency across providers. It surveyed 56 firms representing about 82% of global OCIO assets under management.
Looking ahead, the global OCIO marketplace is projected to reach nearly $5.8 trillion by 2030 according to the Chestnut Solutions Institute report.
