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 Chestnut Solutions Institute’s 2025 Global OCIO Survey, as announced on Apr. 7.
The recognition highlights Bank of America’s role in supporting nonprofits with investment and governance challenges at a time when many such organizations face increased market pressures. 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 legacy trust platform, national scale, and dedicated team serving endowments, foundations, healthcare systems, and other nonprofit institutions. The OCIO 2.0 model aims to strengthen services for nonprofits by offering advisory on governance, strategic planning support, spending policy design, leadership development programs, fundraising strategies and more tailored solutions.
The Chestnut Solutions Institute’s survey also introduced a new industry-vetted definition for an OCIO mandate intended to improve transparency across providers. The report surveyed 56 providers representing about 82% of global OCIO assets under management.
Looking ahead, the global outsourced chief investment office marketplace is projected to reach nearly $5.8 trillion by 2030 according to the Chestnut Solutions Institute’s findings. As demand grows and expectations shift toward more integrated oversight models like OCIO 2.0, industry observers may expect further consolidation among service providers.
