Bernstein Private Wealth Management Launches Bernstein Philanthropic Impact Fund in Partnership with National Philanthropic Trust
Amid the growing popularity of DAFs with philanthropic individuals and families, this enhancement to the firm's platform will offer a high-touch and efficient solution for charitable giving across a range of assets and levels of complexity. DAF grantmaking has been on the rise for over a decade, more than doubling in the past five years, and this new offering will further expand the range of options available to Bernstein's charitably minded clients to support their goals of creating a lasting impact.
"Bernstein has partnered with NPT for many years to help clients make strategic decisions with their philanthropy. As our managed assets in DAFs have grown, we're excited to unveil a new solution that will improve the client experience," said Jennifer Ostberg, Director of Personal Philanthropy at Bernstein. "Our clients will enjoy a range of benefits from this new structure including faster grant-making capabilities, an intuitive donor portal, and superior client service. The Bernstein DAF will provide our clients with the ability to address complex giving situations and maximize their ability to give more to the causes and nonprofits that matter to them."
"We are pleased to partner with Bernstein to offer this new donor-advised fund program, making charitable giving more accessible and efficient for the firm's clients," said Eileen Heisman, CEO of National Philanthropic Trust. "Bernstein's extensive expertise in sophisticated wealth planning, combined with NPT's best-in-class philanthropic solutions, will offer clients a seamless philanthropic experience."
The Bernstein Philanthropic Impact Fund is now available to Bernstein clients as part of its broader suite of DAF products. To learn more about the DAF, visit https://info.bernstein.com/daf.
About Bernstein
Bernstein Private Wealth Management advises ultrahigh- and high-net-worth clients on planning for—and living with—the complexities that come with significant wealth. Bernstein is distinguished among major wealth managers by its expertise in navigating life's transitions through a holistic approach. A flexible process—paired with innovative research, sophisticated modeling, and cutting-edge investment solutions—also sets Bernstein apart. Headquartered in Nashville, Bernstein is a business unit of AllianceBernstein, which ranks among the largest investment managers in the world, with offices in major world markets across 26 countries and jurisdictions and over
About National Philanthropic Trust
Founded in 1996, National Philanthropic Trust (NPT) is the largest national, independent public charity that manages donor-advised funds and one of the leading grantmaking institutions in the US. Since its founding, NPT has raised more than
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National Philanthropic Trust
Richard Virgilio
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SOURCE Bernstein Private Wealth Management
