U.S. Trust Sponsors Series of Mid-Atlantic Events Focused on Charitable Giving Strategies and Experiences of Wealthy Donors
Unique Initiative Conducted in Collaboration with Local Nonprofits
U.S. Trust, Bank of America Private Wealth Management, today announced it will sponsor a series of events throughout Maryland, Northern Virginia and Washington, D.C. focused on charitable giving strategies and experiences. Beginning this month and through the remainder of the year, these invitation-only events will bring together wealthy donors and nonprofit organizations from across the region to learn and discuss ways to achieve greater impact and personal fulfillment through philanthropy.
U.S. Trust Philanthropic Solutions group will sponsor nearly a dozen events in collaboration with area nonprofits who serve a variety of charitable sectors – including healthcare, education, basic needs, the arts, and more. The events will give new and experienced donors the opportunity to hear about issues that matter most to them, and to learn from experts and peers about engaging with nonprofits in ways that are most effective and meaningful.
The latest U.S. Trust® Study of High Net Worth Philanthropy found that 85 percent of wealthy donors plan to give as much (50 percent) or more (35 percent) in the next three to five years (through 2018) than they have in the past. The study also found that when these donors are intentional about and engaged in their giving they give more, are more impactful, and more personally fulfilled.
“Washington, D.C. and the surrounding area is home to a large number of philanthropic individuals and families, many of whom share a strong sense of community and appreciation for the impact of their gifts,” said Sam Gottesman, U.S. Trust market executive for the Mid-Atlantic region. “Giving money away is one of the most meaningful aspects of the wealth experience. Giving it away well isn’t always easy. We hope that the valuable insights shared during this unique series of events will help inform and strengthen the giving strategies of these generous donors.”
U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.
U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. As of June 30, 2015, U.S. Trust employs more than 4,100 professionals and maintains 97 offices in 32 states.
As part of Bank of America, U.S. Trust can provide access to a broad range of banking solutions for individuals and businesses, and an extensive retail banking platform.
Institutional Investments and Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Private Wealth Management (U.S. Trust). U.S. Trust operates through Bank of America, N.A. and other subsidiaries of Bank of America Corporation (BofA Corp.) Bank of America, N.A., Member FDIC. Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A.
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