Bank of America has been named the largest outsourced chief investment office (OCIO) for foundations and endowments in the US by Pensions & Investments.
BofA's OCIO services include strategic consulting, administrative services, and portfolio management.
"This is an important and growing business, which has increased significantly in recent years," Jennifer Chandler, head of Philanthropic Solutions at Bank of America Private Bank, says in a press release.
"This growth can be attributed to our team's ability to address the increasing demands placed on nonprofit leaders by going beyond investment management to offer strategic consulting and advisory services."
BofA was also recently recognized as the Best Private Bank Philanthropy Offering or Initiative in the Americas by WealthBriefing Wealth for Good Awards. Read the Entire Article
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Facebook announces a new feature called Donate which makes it possible for anybody to give back to a charity of their choice through its Facebook Page.