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Planned Giving Services


Our expertise and know-how can materially increase the value of your planned giving programs.

Northern Trust has a long and successful history in serving a variety of planned gift vehicles, including:charitable remainder trusts, charitable gift annuities, pooled income funds and charitable lead trusts. We understand the complexities of planned giving administration and can provide your organization with the support it needs to achieve its goals.

Comprehensive planned giving services solutions

Donor Services

  • Accurately calculating and issuing payments
  • Timely filing and preparation of tax forms
  • Providing donor-level reporting on investments

Investment Management

  • Active management
  • Quantitative management
  • Manager-of-managers

Gift Administration

  • Examination and execution of annuity or trust agreement provisions
  • Performance analytics available at organization and donor levels
  • Complete accounting and reporting at the organization and donor levels

Tax Services

  • Processing all returns for charitable trusts and gift annuities
  • Managing the preparation, reporting and compliance duties associated with tax issues
  • Preparing and producing documents for beneficiaries
Katrina Pipasts

Katrina Pipasts

Planned Giving Manager
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Katrina Pipasts

Katrina Pipasts

Planned Giving Manager

Katrina M. Pipasts is the Planned Giving Manager with Northern Trust’s Foundation & Institutional Advisors practice. She is responsible for client servicing, gift administration and execution of investment strategies for institutional planned giving assets. Katrina also manages the investment portfolios for Northern Trust's Donor Advised Fund program.

Prior to her current position, Katrina was a Senior Equity Index Portfolio Manager with Northern Trust Global Investments overseeing a team of portfolio managers managing pension, foundation and endowment assets in customized equity portfolios, tax advantaged portfolios and cash overlay products.   Prior to joining Northern Trust, Katrina worked as a Fund Accountant and Equity Index Portfolio Manager.  She managed and traded Small Cap and International equity portfolios, as well as launched a proprietary Socially Responsible S&P500 Index Fund and a proprietary Emerging Markets Index Fund.

Katrina received her B.S. degree in mathematics and statistics from the University of Western Ontario. She has a B.B.A. in accountancy from Western Michigan University. Other affiliations, past and present include: Treasurer, Chicago Council on Planned Giving, Member, Partnership for Philanthropic Planning, Member, American Council on Gift Annuities, Volunteer Tax Preparer, Center for Economic Progress, Member of the Advancement Advisory Council, Robert Morris University, Past Treasurer, Park Ridge Juniors Foundation, and Past President, Board of Directors of Brickton Montessori School.

Currently, Katrina is pursuing her Certified Specialist in Planned Giving designation at the American Institute for Philanthropic Studies at California State University Long Beach.

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Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.

This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.