Philanthropic Services

Whether you donate time, money, or experience, few decisions are more personal and heartfelt than those surrounding philanthropy. As you support the causes and organizations important to you, how you give matters as much as what you give.

Wells Fargo Philanthropic Services can help you achieve your charitable vision and make the most of your gifts. Our philanthropic specialists help you evaluate your giving strategies, determine your needs, and create a comprehensive, efficient gifting plan.

If you serve as an executive for a charitable organization, our professionals can even manage the day-to-day operations of your foundation or nonprofit, giving you more time to focus on your big-picture goals.

Decisions you make today can have long-lasting effects, so we take the time to help you clearly define your goals and explore many different charitable giving options.

As you plan your charitable giving, we can help you consider your personal objectives outside of philanthropy. You might want an income stream during your lifetime, or you plan to support the needs of your loved ones. You may also want to confirm that you have a strategy in place to help minimize estate and income taxes.

Timing your gifts

To accomplish your objectives, we work with you to develop a giving approach that best fits within your overall wealth management plan. We can then help you determine the timing of your gifts.

Outright gifts

Sometimes an immediate, one-time gift makes the most sense. You choose the organization you want to sponsor and allow it to have control over how the money will be used.

Testamentary gifts

A gift made upon your death allows you to retain control of and use assets during your lifetime, potentially growing the size of the gift based on your investment strategy.  This type of gift can benefit future generations.

Structured lifetime giving

A gift made through a trust, foundation, or donor advised fund gives you a great deal of flexibility in determining how your money will be used. These gifts can even be structured to give you or others an income stream.

The right solution for you

At The Private Bank, our specialists can help you determine which type of charitable giving structure works best for you, taking into account tax considerations and your need for income during your lifetime. Some common structures to consider are:

Wells Fargo® Philanthropy Fund

Through the donor advised Wells Fargo Philanthropy Fund, you may recommend distributions to one or more organizations on your personal timetable, while receiving the income tax deduction for your gift in the year you make your contribution.

Donor advised funds are sponsored and administered by a public charity. They are designed to manage donations on behalf of an individual, family, or organization.

Charitable Remainder Trust

This type of trust allows the donor or another individual to retain an income during their lifetime or for a set term. At the end of the term, the remainder typically passes — without taxes — to the charity.

Charitable Lead Trust

This type of trust allows the donor to place assets in a trust that will make contributions to a charity over a selected term of years, or throughout the donor’s lifetime. The donor may receive a tax deduction in the year the trust is established. At the end of the term, or upon the donor’s death, any remaining funds are paid back to the beneficiaries.

Serving as an executive of a foundation or nonprofit organization requires strategic thinking to make the best use of your endowments. The Private Bank offers solutions designed specifically to enable your organization to grow and manage entrusted resources.

Wells Fargo Philanthropic Services can integrate investment management, fiduciary administrative services, governance advice, compliance, tax preparation, and reporting services to improve the operation of your organization. You can choose to outsource as much or as little of your administrative, governance, and daily operations as you’d like.

Philanthropic Services for Institutions

Larger or more complex organizations may require a wider range of solutions. Our philanthropic specialists work with you to provide services at a level that meets your needs. We can help manage:

  • Complex private or family foundations to address issues of governance, staffing, and facilities management, keeping you informed of regulatory changes
  • Public charity endowments to address investments, trustee services, fund accounting, audit, and compliance issues
  • Planned giving programs that preserve, protect, and enhance your donor relationships with gift planning consultation, administration, and investment management

Your diverse needs

Your needs and goals are personal and specific to you. By working to create a comprehensive wealth management plan that aligns with your needs and goals, we can help you:

Interested in learning more about Philanthropic Services? Email us