Amalgamated Bank is a company that provides commercial bank, investment management, fiduciary trustee, financial advisor, and administrative support to nonprofit clients. They primarily provide their services regionally, with most clients in New York, California, and Illinois (although they are present in other states as well).
Most Amalgamated Bank clients are health and welfare funds and labor unions with revenues ranging from $20 million to $182 million.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Service Employees International Union (SEIU) | 501(c)(5) | Washington, DC | ||
| 2 | Unite Here | 501(c)(5) | New York, NY | ||
| 3 | Amalgamated Transit Union (ATU) | 501(c)(5) | Silver Spring, MD | ||
| 4 | Van Ameringen Foundation | 501(c)(3) | New York, NY | ||
| 5 | Building Service 32bj Health Fund | 501(c)(5) | New York, NY | ||
| 6 | Office and Professional Employees International Union | 501(c)(5) | New York, NY | ||
| 7 | Nyc District Council of Carpenters Welfare Fund | 501(c)(9) | New York, NY | ||
| 8 | California Service Employees Health and Welfare Trust Fund | 501(c)(9) | Brisbane, CA | ||
| 9 | Welfare Trust Fund Local 804 | 501(c)(9) | Port Washington, NY | ||
| 10 | IUOE Local 30 Benefits Fund | 501(c)(9) | Whitestone, NY | ||
| ... | and 65 more Amalgamated Bank not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Amalgamated Bank in the nonprofit sector include Fidelity, Matrix Trust Company, Kestra Advisory Services LLC, Raymond James and Associates, Principal, Global Retirement Partners LLC, Merrill Lynch, Alerus Financial, N.a., Well and Good LLC, and Mid Atlantic Trust Company.
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