1 National Philanthropic Trust, 2020 Donor-Advised Fund Report, 2020.
2 Morningstar, Distribution of 10-Year Annualized Excess Return for Surviving Sustainable U.S.Large-Cap Blend Funds, June 2020.
3 Morningstar, Flows for U.S. Sustainable Funds Again Reach New Heights, January 2021.
4 American Endowment Foundation, 5 Primary Tax Benefits to Donors, as of June 2021.
5 Hurwit & Associates, Starting a Private Foundation, as of June 2021.
Important Disclosures
Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.
Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. Clients should consult their legal and/or tax advisors before making any financial decisions.
Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.