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Philanthropic Services for Individuals

Wells Fargo Philanthropic Services will help you and your advisors create and administer a charitable program designed to maximize the efficiency of your charitable gifts, further your philanthropic goals, and align with your overall wealth management strategy.

Philanthropic Services helps you and your advisors select the right plan to support your philanthropic goals

At Wells Fargo Philanthropic Services, our process begins with a review and assessment of your present and future resources, financial and family goals and charitable values. We then work with you and your advisors to identity a philanthropic solution for managing your social capital.

With the preliminary structure in place, Philanthropic Services can help implement and administer your plan, managing designated assets in accordance with your plan’s objectives.

We’ll help you explore three formats for charitable giving:

  1. Outright Gifts provide immediate, one-time support to an organization, but typically give you little control over how the money will be used.
  2. Testamentary Gifts bequeath money upon death, allowing you to retain control and use of assets during your lifetime. However, you will not witness or control the ultimate impact of the gift.
  3. Structured Lifetime Giving programs transfer charitable gifts into a formalized vehicle like a trust, foundation or donor advised fund, giving you a great deal of flexibility in determining how money will be used. Gifts can be structured to give you (and others) an income stream during your life.

Four ways to set up a structured lifetime giving program

If you wish, Wells Fargo Philanthropic Services can help you and your advisors design a structured lifetime giving program based on your specific charitable and wealth management goals. Here are four commonly chosen charitable vehicles for establishing a structured lifetime giving program:

Charitable Remainder Trust (CRT)Show Details

 
Allows you to contribute assets for charity while you continue to receive an income stream.

Charitable Lead Trust (CLT)Show Details

 
Often chosen by those who want to support a cause but are also concerned about matters of estate or gift taxes when passing on wealth or certain assets to heirs.

Private FoundationShow Details

 
Once thought to be suitable only for the wealthiest families in the nation, this vehicle is gaining broad appeal among those who want to maintain control over the grant-making process and management of donated assets.

Donor Advised FundShow Details

 
This cost-efficient and flexible alternative to direct giving or creating a private foundation allows you to implement your giving over time. The donor advised fund allows you to advise on the use and distribution of your gift funds, while you receive the maximum tax deduction available to you at the time your gifts are contributed.

Philanthropic Services has the information you need to get started

Selecting the right charitable giving program can be a complicated process and the consequences are long lasting. We encourage you to consult with our experienced professionals early in your decision-making process so that you can take into account all the information relevant to your situation and act on the most current information available.

At Wells Fargo Philanthropic Services, we maintain close ties with the philanthropic community. Contact us to learn how we can help you evaluate options and identify opportunities for using your wealth to achieve the greatest benefits.

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Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries.

Brokerage products and services are offered through Wells Fargo Advisors, LLC, Member SIPC, a registered broker-dealer and separate non-bank affiliate of Wells Fargo & Company.

Wells Fargo & Company and its affiliates do not provide legal advice. Please consult your legal advisors to determine how this information may apply to your own situation.

Whether any planned tax result is realized by you depends on the specific facts of your situation at the time your taxes are prepared.


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