NEW
YORK, June 21, 2023 /PRNewswire/ -- Bernstein
Private Wealth Management (Bernstein), a unit of AllianceBernstein
L.P. (NYSE: AB), today announced the introduction of a private
label donor-advised fund (DAF) program, the Bernstein Philanthropic
Impact Fund. The DAF program will be administered by National
Philanthropic Trust (NPT). NPT, established in 1996, is a public
charity and the largest national, independent sponsor of DAFs.
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 $676 billion in
assets under management. For additional information
visit Bernstein.com.
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 $45.6 billion in
charitable funding and has made more than 600,000 grants exceeding
$23.6 billion to nonprofits
around the world. NPT annually publishes the Donor-Advised
Fund Report, the sector's authority on the state of DAF
philanthropy. Visit NPT's resource library to learn what you
can do with a DAF and about NPT's impact investing
solutions. More
at NPTrust.org and NPTGivingPoint.org.
Media Contacts
Bernstein
Prosek Partners
Pro-bernstein@prosek.com
National Philanthropic Trust
Richard Virgilio
973.879.9080
richard@virgilio.media
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SOURCE Bernstein Private Wealth Management