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.