First Union Corp. said it has formed a charitable funds services group to help nonprofit foundations and endowments in the South Atlantic region with financial planning, tax consulting, and specialized accounting.

The new unit, under the direction of senior vice president Kenneth R. Brown, will be part of First Union's capital management group, which includes the Charlotte-based company's trust and brokerage operations. Mr. Brown, 56, had previously managed the charitable funds group within First Union's North Carolina bank.

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