Over 76% of high net worth households plan to continue to give the same amount or donate more over the next five years, and theyre doing so in more structured and strategic ways, according to a biennial Bank of America Study done in conjunction with Indiana Universitys Center on Philanthropy.
The idea is that [Philanthropy]s growing in the role that its playing as part of the overall wealth experience, Claire Costello, national philanthropic practice executive at U.S. Trust, Bank of America Private Wealth Management, said in a phone interview with On Wall Street. Its certainly increasingly more integrated to the wealth structure and process.
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