Funded by U.S. Trust, the survey also found that small foundations and individual donors have been formalizing their governance structures and process over the past decade.
Eighty-three percent of wealthy individuals plan to give as much (or more) over the next three years as they have in the past. These percentages are even higher among women, African-Americans and individuals age 50 or younger.
Most wealthy Americans say they want to contribute to society in a meaningful way, and many believe that institutions outside of the government have the best chance of solving tough social and environmental problems.
A group of investors drawn from high-net-worth Bank of America clients have invested in a social-impact bond issued by Merrill Lynch and U.S. Trust for a program combating recidivism in New York, reports The Chronicle of Philanthropy.
A group of investors drawn from high-net-worth Bank of America clients have invested in a social-impact bond issued by Merrill Lynch and U.S. Trust for a program combating recidivism in New York, reports The Chronicle of Philanthropy.