Bank of America Scholarship Fund The Bank of America Scholarship Fund was established in the University of Maine Foundation in 2008 for the benefit of the University of Maine, Orono, Maine, with a gift from Bank of America. Committed to creating positive change in Maine through its philanthropic efforts, Bank of America established this fund in order to create opportunities for Maine students. Income from the fund shall be used to provide scholarship aid for deserving undergraduate students attending the University of Maine who are graduates of Maine high schools, in good academic standing, have demonstrated financial need and plan to pursue a degree in the Maine Business School. Preference will be given to first generation college students.
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