Bank funder taps chief

CHARLOTTE, N.C. — Andrew D. Plepler, senior vice president of housing and community initiatives for the Fannie Mae Foundation in Washington, D.C., has been named president of the Bank of America Foundation.

Plepler, who begins work July 21 and will be based in Charlotte, will head a foundation that contributed more than $72.3 million to nonprofits in the U.S.

Bank of America says that is the biggest philanthropic budget of any financial institution in the U.S.

Plepler will develop and manage relationships with national nonprofits and create partnerships with business leaders and foundations to strengthen corporate giving.

He also will manage the foundation’s overall mission, which has focused on education and community revitalization, and coordinate its national focus philanthropic efforts in Bank of America’s local markets throughout the U.S.

Pleper oversees three of the main grantmaking departments for the Fannie Mae Foundation, and all five of its regional offices, which are in Atlanta, Chicago, Dallas, Pasadena and Philadelphia.

He also supervises the foundation’s outreach and education department, including the foundation’s personal finance, and directs the foundation’s community development work in Washington, D.C., that accounts for one-third of its overall grantmaking.

Before joining Fannie Mae, he was a trial attorney in the tax division of the U.S. Department of Justice, and served as counsel to the U.S. Senate Committee on the Judiciary.

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