Bank of America has been recognized as the leading outsourced chief investment office provider serving nonprofit organizations worldwide in 2025, managing $79.2 billion in nonprofit assets. The ranking comes from the Chestnut Solutions Institute, which surveyed 56 OCIO providers representing approximately 82% of global assets under management.
Bernard Reidy, National Endowment & Foundations Executive at Bank of America Private Bank, said the firm’s “OCIO 2.0 platform provides enhanced transparency and guidance to streamline processes.” The framework includes governance support, strategic planning, spending policy guidance, and leadership development for nonprofit clients.
The global OCIO market is projected to reach $5.8 trillion by 2030. Bank of America said its competitive advantage stems from its established trust infrastructure, broad geographic reach, and specialized nonprofit services team.