Northern Trust Names Srilatha Lakkaraju Director of Charitable Giving Solutions

Rhea-AI Summary

Northern Trust has announced the appointment of Srilatha Lakkaraju as the new Director of Charitable Giving Solutions for their Foundation & Institutional Advisors (FIA) practice. In this role, Lakkaraju will oversee the national strategy and implementation of Donor Advised Fund and Private Foundation Administration solutions.

Lakkaraju brings 14 years of experience from Bank of America, where she managed private foundations and nonprofit organizations nationwide. Her background includes public policy advocacy for nonprofit tax policy, governance, and compliance issues.

Darius A. Gill, National Practice Executive for FIA, expressed excitement about Lakkaraju joining the team, highlighting her expertise as valuable for accelerating growth in their charitable giving solutions. Lakkaraju holds a Master of Science in Public Service from DePaul University and a Bachelor of Science in Management of Information Systems from the University of Illinois at Urbana-Champaign.

Positive

• Appointment of an experienced professional to lead charitable giving solutions
• Potential for accelerated growth in Donor Advised Fund and Private Foundation Administration solutions

Negative

• None.

CHICAGO, IL / ACCESSWIRE / October 18, 2024 / Northern Trust announced today that Srilatha Lakkaraju has joined the Foundation & Institutional Advisors (FIA) practice as the Director of Charitable Giving Solutions. In this role, Lakkaraju will oversee the national strategy and implementation of the Donor Advised Fund and Private Foundation Administration solutions.

Prior to joining Northern Trust, Lakkaraju was a Senior Vice President, Philanthropic Client Manager at Bank of America for 14 years where she managed private foundations and nonprofit organizations nationwide. She provided thought leadership, education and insights to her private foundation and nonprofit clients. Earlier in her career, Lakkaraju worked in public policy advocating and lobbying for nonprofit tax policy, governance and compliance issues.

"I am excited to have Srilatha join our Foundation & Institutional Advisors team," said Darius A. Gill, National Practice Executive for FIA. "Her expertise will be invaluable as we continue to accelerate the growth of our Donor Advised Fund and Private Foundation Administration solutions."

Lakkaraju graduated with a Master of Science in Public Service from DePaul University. She earned her Bachelor of Science degree in Management of Information Systems from University of Illinois at Urbana-Champaign.

Northern Trust's Foundation & Institutional Advisors (FIA) practice serves nonprofit organizations and private foundations through sophisticated investment management solutions, strategic insights and world-class resources. FIA provides investment advice, oversight, asset servicing and related services to help nonprofit organizations achieve financial and philanthropic goals; in collaboration with trustees, board and investment committee members. FIA also supports clients with sophisticated Donor Advised Fund and Private Foundation Administration solutions. More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $419.4 billion in assets under management as of June 30, 2024. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2024, Northern Trust had assets under custody/administration of US$16.6 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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Contact Info:
Spokesperson: Northern Trust
Website: https://www.3blmedia.com/profiles/northern-trust
Email: info@3blmedia.com

SOURCE: Northern Trust

View the original press release on accesswire.com

FAQ

Who did Northern Trust (NTRS) appoint as Director of Charitable Giving Solutions?

Northern Trust appointed Srilatha Lakkaraju as the Director of Charitable Giving Solutions for their Foundation & Institutional Advisors practice.

What will Srilatha Lakkaraju's role be at Northern Trust (NTRS)?

Srilatha Lakkaraju will oversee the national strategy and implementation of the Donor Advised Fund and Private Foundation Administration solutions at Northern Trust.

What was Srilatha Lakkaraju's previous experience before joining Northern Trust (NTRS)?

Prior to joining Northern Trust, Srilatha Lakkaraju was a Senior Vice President, Philanthropic Client Manager at Bank of America for 14 years, managing private foundations and nonprofit organizations nationwide.

What services does Northern Trust's Foundation & Institutional Advisors (FIA) practice offer?

Northern Trust's FIA practice offers sophisticated investment management solutions, strategic insights, and world-class resources to nonprofit organizations and private foundations, including Donor Advised Fund and Private Foundation Administration solutions.