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Donor Advised Fund (DAF)
Minimum Investment- Initial $10,000
- Additional Contribution $1,000
Annual Expense
- Less than $1 million = *1.82% of the account balance
- Over $1 million = *1.57% of the account balance
- Fee-based advisors = *1.32% (no compensation)
* A one-time fundraising EVD sales charge of 0.15% will be charged to each contribution made. All other fees are charged at the fund level. Fees include administrative, fundraising, servicing, investment management and miscellaneous expenses. Please see Gifting Booklet for fee schedule.
Fees may be lower, depending on account size. The administrative fee is reduced based on tiered basis. See Gifting Booklet for fee schedule.
Compensation
- Financial advisors receive a servicing fee of 0.50% for the life of the account; fee begins accruing immediately and is paid quarterly.
- Financial advisors receive a servicing fee of 0.25% (accounts opened with over $1 million) for the life of the account; fee begins accruing immediately and is paid quarterly.
For questions regarding the forms, please call our Trustee, Wilmington Trust Retirement & Institutional Services at 800-664-6901.