Bank of America Corporation
DIVERSITY-BASED SYSTEM FOR ADMINISTRATION OF CHARITABLE TRUST

Last updated:

Abstract:

A method for donating to a charitable organization from a digital donation platform is provided. The method may include identifying a digital transmission from the charitable organization including a request for a donation of funds. The method may include creating a digital account for the charitable organization. The method may include assigning a score for the charitable organization based on a diversity of employees in the organization. When the score is equal to or above a pre-determined threshold, the method may include assigning one of a first tier of digital portals to the charitable organization including a first level of platform oversight over the funds being transferred. When the score is below the pre-determined threshold, the method may include assigning one of a second tier of digital portals to the charitable organization including a second level of platform oversight over the funds being transferred.

Status:
Application
Type:

Utility

Filling date:

21 May 2019

Issue date:

26 Nov 2020