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Mellon Wins Bible Society Contract

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NU Online News Service, Jan. 10, 2005, 3:23 p.m. EST

A New York religious charity has picked a Pittsburgh bank to manage its gift assets.[@@]

The charity, the American Bible Society, is asking the bank, Mellon Financial Corp., to handle investment management, custody and administrative services for about $68 million in society gift assets.

The society, founded in 1816, was the first U.S. charity to issue charitable gift annuities, Mellon reports.