Fifth Third Private Bank and GCF Announce the Launch of Giving with Purpose
CINCINNATI – Fifth Third Private Bank, a division of Fifth Third Bank, N.A., is pleased to announce the launch of Giving with Purpose. This co-branded, donor-advised fund offering, presented with the Greater Cincinnati Foundation will bring clients a best-in-class experience that also maximizes their charitable impact on the community.
As Greater Cincinnati’s hometown bank and the community foundation of the Cincinnati region, Fifth Third Private Bank and GCF believe it is in the best interest of the region to come together and help clients build charitable assets to impact area lives.
“We are excited to bring the best of both our organizations to our clients and community. With more than 160 years of experience providing trusted advice to individuals and families, we are excited to leverage this unique agreement to provide additional philanthropic solutions to our clients,” said Fifth Third Greater Cincinnati Region President, Tim Elsbrock
Since 1963, when Fifth Third Bank was one of the trustee banks that formed the GCF, there has been a long relationship of serving the community together. Today, the enhanced offering provides opportunities to expand philanthropic reach. Giving with Purpose brings Fifth Third Private Bank clients simplicity and flexibility to streamline the administration of philanthropic planning, immediate tax income benefits and an opportunity to play an active role in targeted grant recommendations, among others.
“Fifth Third Bank and GCF share a commitment of making our region vibrant and equitable for everyone. We are excited to work together to connect charitable people with local impactful giving opportunities,” said President and Chief Executive Officer, Greater Cincinnati Foundation, Ellen Katz.
This relationship will leverage Fifth Third Bank’s principle of putting the client at the center and the Greater Cincinnati Foundation’s principle of connecting people with purpose through partnership, collaboration and generosity to ensure the greatest good for the Greater Cincinnati region.
Established in 1948, the Fifth Third Foundation is a unique entity from the Greater Cincinnati Foundation and the Giving with Purpose offering. The Fifth Third Foundation supports worthy causes in the areas of health, human services, education, community development and the arts in the states where Fifth Third Bank operates.
About Greater Cincinnati Foundation
As the region’s leading community foundation, Greater Cincinnati Foundation connects people with purpose in an eight-county region in Ohio, Kentucky and Indiana. GCF is leading the charge toward a more vibrant and equitable region for everyone – now, and for generations to come.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Sept. 30, 2021, Fifth Third had $208 billion in assets and operated 1,100 full-service banking centers and 2,336 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as Sept. 30, 2021, had $541 billion in assets under care, of which it managed $61 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
Fifth Third Private Bank is a division of Fifth Third Bank, National Association, offering banking, investment and insurance products and services. Fifth Third Bank provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training.
Media Contact
Felicity Tao, Greater Cincinnati Foundation, 513-762-6132, felicity.tao@gcfdn.org
Adrienne Gutbier, Fifth Third Bank, 513-508-9436, adrienne.gutbier@53.com
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