Donor-Advised Funds
Donor-advised funds are assessed an annual administrative fee. It is the greater of:
50 basis points (5/10 of 1%) of the average market value
(Example: Average market value of $300,000 = $1,500)
or
2.5% of grants paid
(Example: Grants of $15,000 = $375).
The fee is based on market value and taken in quarterly installments. If the fee collected by the end of the year is less than 2.5% of grants paid, then the difference will be withdrawn during the first quarter of the following year.
Cash waiting to be distributed in grants, identified as the “Grantmaking Account” on a donor statement, does not earn interest for the fund.
The fee on an individual grant of $500,000 or more is reduced to 1%.
Funds exceeding $50 million may be subject to further discount (depending on the nature of the holdings). The minimum annual fee is $100.
Other Types of Funds
Please contact us at the information below to discuss how we assess fees on permanent and other types of funds.
