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Safeguarding Your Investment

CLIENT SITUATION

A foundation had all of its money in substantial commercial real estate assets, all located on a single street and worth about $26 million.

OUR SOLUTION

Foundations lost billions of dollars in the 2008 real estate market collapse. One Abbot Downing client foundation avoided that fate, because our managers unwound an unhealthy asset concentration in time. As the foundation’s appointed manager, Abbot Downing saw this concentrated investment and realized its vulnerability. We reached out to the Wells Fargo global resource team, including its trust real estate group, which sold the properties.

THE RESULT

The fund has grown from an initial $40 million to nearly $400 million over the years while supporting the community with $300+ million in grants given through the charitable foundation.


DISCLOSURES

These materials are provided for general education and illustration purposes only. They were prepared by Abbot Downing and have been obtained or derived from information we consider reliable, but we cannot guarantee their accuracy or completeness. Abbot Downing does not undertake to advise you of any change in the information contained in these materials.

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 you own situation at the time your taxes are prepared.