Cambridge Trust Company
Cambridge Trust Company is a Massachusetts trust company chartered in 1890. Cambridge Trust is a wholly-owned subsidiary of Cambridge Bancorp, a publicly-traded holding company (OTC symbol: CATC). The bank serves the community through five branches in Cambridge and six additional branches in surrounding communities. Cambridge Trust has been a co-trustee of the Cambridge Community Foundation since 1950.
Cambridge Trust is a community bank with long-standing ties to the city of Cambridge and surrounding towns. Through community lending and philanthropic efforts, Cambridge Trust and its employees support over 100 community organizations in the areas of education, the arts, health care, affordable housing and social services.
In addition to serving as trustee, Cambridge Trust also serves as investment advisor to the Cambridge Community Foundation. Through its Wealth Management division, Cambridge Trust currently manages $2.5 billion in assets for individuals and their families, as well as endowments and foundations. The Cambridge Community Foundation endowment is invested in a globally diversified portfolio of stocks, bonds and other liquid assets. The endowment is overseen by a subcommittee of the Board of Trustees who meet with the investment manager on a regular basis.
U.S. Trust, Bank of America Private Wealth Management
U.S. Trust is part of the Global Wealth and Investment Management division of Bank of America, N.A., a global leader in wealth management, private banking and retail brokerage. Since 1853, U.S. Trust has been helping clients achieve their own unique objectives. It operates in a fiduciary relationship with its clients, which means investment decisions are driven by the client’s objectives, and the asset allocation is designed to help the client meet those objectives. U.S.Trust has served as a Trustee for the Cambridge Community Foundation since its inception in 1916.
Working with the Investment Committee of the Cambridge Community Foundation, U.S.Trust has defined levels of acceptable risk and required return. U.S. Trust employs a dedicated team of investment analysts, each of whom is charged with identifying investment management firms/funds whose approach to the problem of investment in a sector is unique, constant over time, successful, and replicable on a continuing basis.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. It helps improve communities by addressing issues fundamental to economic health and sustainability, addressing needs related to workforce development and education, community development, and basic needs through partnerships with organizations such as Boys & Girls Clubs, Feeding America, Special Olympics, and its own programs that strengthen nonprofit capacity and leadership through Neighborhood Builders® and Student Leaders®. Bank of America responds to community needs by helping to address the immediate need as well as longer term solutions for economic self-sufficiency.