JERSEY CITY, N.J., Nov. 6, 2017 /PRNewswire/ -- BNY Mellon's Pershing today announced an agreement with Renaissance Philanthropic Solutions Group (RenPSG), increasing the total number of donor-advised funds on Pershing's Philanthropic Solutions platform to three.  The addition of RenPSG will provide Pershing clients with access to a broader menu of philanthropic solutions, including new services such as a branded website program and administration for charitable trusts, helping them better serve the fast-growing charitable giving market.  

"Last year saw almost $400B in charitable contributions in the U.S.," said Katie Swain, Director of Financial Solutions at BNY Mellon's Pershing. "Our goal is to support our clients' growth in this important market. RenPSG, with its full menu of gift administration services, delivers Pershing-affiliated financial professionals more options and flexibility to help drive deeper client engagement and growth."

RenPSG's full-service administration capabilities, which are now available to Pershing clients, include: accounting support, grant due diligence and distribution, consulting on creation and execution of charitable gifts, tax expertise and IRS compliance for charitable gifts, as well as shared marketing best practices to grow giving programs.

Further, Pershing clients using RenPSG capabilities can customize RenPSG's DonorFirstX platform, which can be branded to their organization's standards, and access a charitable trust offering that will help investors manage their charitable contributions.

"We are very excited to be working with Pershing and their affiliated financial professionals," said Kevin McGrath, Executive Vice President of Client Advancement at RenPSG. "Our open architecture platform not only allows financial advisors to manage all of their clients' philanthropic assets, it also opens the door to firms having their own white-label donor-advised fund platform. We are pleased to bring these capabilities to Pershing clients."   

RenPSG joins Pershing's existing donor-advised solutions, adding to the firm's growing set of philanthropy offerings. BNY Mellon's Pershing also provides access to a full suite of wealth solutions designed to help financial professionals meet the needs of high-net-worth investors. To learn more about the RenPSG offering, please visit https://www.pershing.com/what-we-provide/investment-solutions/philanthropy-solutions.

About BNY Mellon's Pershing

BNY Mellon's Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and '40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world's most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 7 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2017, BNY Mellon had $32.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

About Renaissance Philanthropic Solutions Group (RenPSG)

Headquartered and operated in Indianapolis, Ind., RenPSG is the largest independent philanthropic solutions provider in North America. With over 30 years of industry knowledge, RenPSG delivers custom solutions that include tax expertise, accounting support and impeccable client service, through its' proprietary cloud computing technology. With financial services firms, elite nonprofit organizations and leading community foundations as partners, RenPSG supports $16.1 Billion of assets to include charitable trusts, donor-advised funds, pooled income funds, endowments and private foundations.

Sanuber Grohe
+1 201 413 2247     
sanuberbilguvar.grohe@pershing.com 

SOURCE BNY Mellon