Waddell & Reed

Donor Advised Funds

Waddell & Reed offers Donor Advised Funds – a charitable giving vehicle – through two independent sponsors, American Endowment Foundation and Renaissance Charitable Foundation. Donor advised funds are an irrevocable, tax-deductible way to contribute personal assets to charitable organizations. This investment option allows clients to pursue their philanthropic goals and gain benefits that include immediate tax deductions, tax-free growth, ability of client to grant the money to charitable organizations of choice, and no capital gains tax.