BofA Awards $500,000 in Grants to Tampa Museum of Art and Tampa Theatre

Core Points - Bank of America announced a $500,000 investment in Tampa Bay's arts institutions, specifically the Tampa Museum of Art and Tampa Theatre, with each receiving a $250,000 grant [1][3] - The funding aims to support the expansion of the Tampa Museum of Art and the restoration of Tampa Theatre, enhancing educational programming and community engagement [2][4] Group 1: Tampa Museum of Art - The Tampa Museum of Art will use the grant to further its 51,000-square-foot expansion, which includes a new four-story cantilevered structure and a 150-seat auditorium [3][4] - The expansion will double the museum's existing size and integrate public art installations along the waterfront [3] - Groundbreaking for the expansion is expected in early 2026 [3] Group 2: Tampa Theatre - Tampa Theatre is launching a multi-phase $28 million capital initiative for its centennial celebration in 2026, focusing on restoring the historic auditorium and modernizing technology [4][5] - The initiative includes repurposing 3,600 square feet for a dedicated education wing, enhancing the theatre's community programming capabilities [4] - Bank of America has been a long-standing partner of Tampa Theatre, contributing to its mission of community building through entertainment [5] Group 3: Bank of America's Commitment - Since 2020, Bank of America has invested $13 million in grants and matching gifts in the Tampa Bay area, supporting small businesses and affordable housing [5] - The bank's investment reflects its commitment to economic opportunity and community development in the region [3][5]