II-BankofAmerica.docVIP

PAGE  PAGE 13 U.S. TRUST PHILANTHROPIC SOLUTIONS Grantmaking Procedures – Massachusetts Office I. INTRODUCTION Bank of America, N.A. serves as trustee, co-trustee, or agent to numerous private foundations. Many of these foundations are managed by U.S. Trust. In the Massachusetts office, the donors of approximately 30 of these foundations have granted fairly broad discretion to U.S. Trust to design and execute charitable grantmaking programs to support nonprofit organizations serving vital community needs. Working with either an internal distribution committee or in conjunction with