Findings from the 2012 Bank of America Study of High Net Worth Philanthropy study reveal an interesting trend.
According to Mary Ellen Rodgers, senior vice president and private client advisor with U.S. Trust’s Nashville wealth management office, clients are choosing to focus their donations in larger gifts to fewer organizations. U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A.
“Over 76 percent of respondents in the study agreed that they feel a sense of accomplishment that their charitable activities create results/impact and that sense of accomplishment is especially true for Nashville,” Rodgers said in a release.
BofA conducted the study (see details here) in conjunction with Indiana University’s The Center on Philanthropy.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS