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What are some organizations that help wealthy people make donations?

A:

Quick Answer

Banks can help wealthy individuals manage their charitable donations. Wells Fargo offers the Wells Fargo Private Bank service, which can help clients create a giving plan unique to their needs. This service also offers tax-efficient long-term planning strategies. Bank of America offers a similar service.

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Full Answer

Wealth management companies, such as Merrill Lynch or UBS, also offer charitable giving advice and financial plans. Lawyers who specialize in trusts and estates can help clients navigate complicated tax rules and regulations. Donors can set up different types of trusts, and charities can begin to receive monetary donations either posthumously or while the benefactor is still living.

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