Bank of America Private Bank

We are committed to helping clients make their philanthropic endeavors more fulfilling and effective. Whether the goal is to establish or continue a tradition of giving, unite family around a common purpose or contribute personal experience in new ways, Bank of America Private Bank has the resources and experience to help. Drawing on our experience in philanthropy, we can help clients design and implement a philanthropic strategy that allows them to focus on what they feel is important. Families can choose the degree to which they rely on our philanthropic specialists and their giving experience to help make their philanthropic vision a reality.

Contributions

U.S. Trust Study of the Philanthropic Conversation (US TRUST-TPI, 2018)

Posted on August 30, 2018 by Bank of America Private Bank, The Philanthropic Initiative, US Trust Bank of America Private Wealth Management

Discussions between advisors and high net worth (HNW) clients about philanthropy are on the rise, finds the U.S. Trust Study of the Philanthropic Conversation, as clients report advisors to be a valuable source of information, second only to their spouse or partner. However, the study reveals several disconnects between advisors and their clients. For instance, many advisors underestimate their clients’ desire… Read More

2016 U.S. Trust® Study of High Net Worth Philanthropy

Posted on April 13, 2018 by Bank of America Private Bank, US Trust Bank of America Private Wealth Management

The 2016 U.S. Trust® Study of High Net Worth Philanthropy examines the giving and volunteering trends, behaviors, attitudes, and priorities of wealthy American households. The sixth in this series of biennial studies is based on a nationally representative random sample of wealthy donors, including, for the first time, deeper analysis based on age, gender, sexual orientation and race. … Read More

The U.S. Trust Study of the Philanthropic Conversation: Understanding advisor approaches and client expectations

Posted on October 8, 2013 by Bank of America Private Bank, The Philanthropic Initiative

The vast majority of high net worth (HNW) individuals give to charity, and many feel that philanthropy is an important aspect of their wealth experience. HNW individuals are increasingly relying on professional advisors for support with their charitable activity. However, the philanthropic conversations with and advice provided by their advisors are not always aligned to their needs. Several disconnects between HNW individuals and advisors center on the initiation and substance of their philanthropic discussions… Read More