Donor-Advised Funds: Basics and Potential Benefits
Learn more about this philanthropic tool and how it offers flexibility and benefits that private foundations may not.
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What can Wells Fargo do for you?
Your passion for giving is unique, and your strategy should reflect that. Talk to your team at Wells Fargo to get started.
Wells Fargo Philanthropic Services is part of Wells Fargo Wealth Management providing financial products and services through Wells Fargo Bank, N.A., and its various affiliates and subsidiaries.
Wells Fargo Bank, N.A., offers a donor advised fund (DAF) through National Philanthropic Trust, a tax-exempt qualified public charity. In this offering, National Philanthropic Trust is the charitable sponsor of the DAF and Wells Fargo manages the DAF investments. Contributions to any DAF are irrevocable and the charity retains exclusive legal control over the assets.
As required by law, all contributions to a donor advised fund are under the exclusive legal control of the sponsoring public charity—in this case, National Philanthropic Trust. Neither Wells Fargo & Company and its affiliates nor National Philanthropic Trust provide legal advice. You should consult with your own tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you will depend on the specific facts of your situation at the time your taxes are prepared.
Wells Fargo Bank, N.A., offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services and wealth management services to clients. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services.
Wells Fargo & Company and its affiliates do not provide legal advice. Wells Fargo Advisors does not provide tax or legal advice. Please consult your tax and legal advisors to determine how this information may apply to your own situation.