Unique Initiative Conducted in Collaboration with Local Nonprofits
WASHINGTON–(BUSINESS WIRE)–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
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
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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