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The Foundation Office at Fifth Third Bank
Founders of private charitable foundations know that what begins as a small seed can grow into a great bounty. The Foundation Office at Fifth Third Bank believes that with great care and attention, the bounty can reap rewards for generations to come.
Cultivating the establishment, administration and growth of private foundations is precisely the mission of The Foundation Office at Fifth Third Bank. The Foundation Office works with individuals and corporations to help them grow healthy, strong foundations that will make a lasting impact in the areas that their founders and benefactors deem important.
The Foundation Office serves as trustee, co-trustee or administers over 70 private and corporate foundations which grant over $30 million annually to worthy charities across the United States. The foundations have assets that range from $200,000 to $200 million and support a variety of causes ranging from educational establishments to arts organizations and from basic-needs organizations like shelters and counseling centers to environmental projects and animal rescue efforts.
The Foundation Office offers comprehensive services that range from helping clients take the first step toward establishing a family or corporate foundation, to developing mission statements, creating policies and procedures, and offering administrative and investment services to help trustees and boards meet their fiduciary responsibilities. It also works with clients to ensure compliance with tax and other applicable laws.
Fifth Third Bank has the ability to act as sole trustee of foundations where Fifth Third handles all investment and administrative duties, including grant analysis and gifting. It also can act as co-trustee or as a silent administrative agent handling a foundation’s back-office operations.
The Foundation Office at Fifth Third Bank is a member of the Council on Foundations, the Council on Michigan Foundations, and the Ohio Grantmakers Forum and abides by the guiding principles of these organizations.
For more information about starting a family or corporate foundation, please contact your Fifth Third Private Bank Representative. More about the Foundation Office at Fifth Third Bank can be found in the 2014 Foundation Office Annual Report PDF.