Today, a growing number of donors are becoming attuned to the possibilities of just how much an individual donor, with a well-defined mission and the right level of commitment, can do to move the needle. Drawing on practices from the for-profit world and their own entrepreneurial spirit, they are going well beyond simply writing a check to taking a vested interest in where their money goes and how successfully recipients pursue their stated mission. A new term has even been coined to describe the practices of this new approach to giving: "impact philanthropy."
At Merrill Lynch, we have helped generations of families achieve their unique charitable goals, and we continue to be at the forefront of the trends that are shaping the future of the philanthropic field. Working with the U.S. Trust Philanthropic Solutions Group, a part of Bank of America that works with institutional and individual high-net-worth clients across the bank, U.S. Trust and Merrill Lynch, your Private Wealth Advisor can help you access our full suite of philanthropic services — including strategic planning, grant making, asset management and fiduciary and administrative services. We are well versed in the new techniques like donor collaboratives that can help you scale your gifts, along with the financial, tax and regulatory complexities that are often involved in giving at a high level. Your advisors will take particular care in helping you to select the right vehicle for your philanthropic activity — be it a charitable trust, donor-advised fund and/or foundation — to help you maximize the benefit of your charitable contributions both to the causes you support and to your personal fulfillment and financial profile. Our coordinated approach to the personal dimensions, structuring, governance and monitoring of your charitable endeavors will better enable you to share your financial success with others and create a legacy of lasting impact.
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Any information presented about tax considerations affecting client financial transactions or arrangements is not intended as tax advice and should not be relied upon for the purpose of avoiding any tax penalties. Neither Merrill Lynch nor its financial advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.
Institutional Investments & Philanthropic Solutions ("Philanthropic Solutions") is part of U.S. Trust, Bank of America Corporation ("U.S. Trust"). U.S. Trust operates through Bank of America, N.A. and other subsidiaries of BAC. Bank of America, N.A., Member FDIC. Banking and fiduciary activities are performed by wholly owned banking affiliates of BAC, including Bank of America, N.A. Brokerage services may be performed by wholly owned brokerage affiliates of BAC, including MLPF&S.