h2. Description of Services

For the individual families and corporations with the heartfelt desire to significantly influence your community during your lifetime, a Donor Advised Fund (DAF) is an outstanding way to achieve your passion. WaterStone will help you transform your assets into living water. Not only will your contributions facilitate your current tax planning, but you will experience—in a greater way—God's joy in giving. With additional testamentary funding by will, charitable trust, gift annuity, retirement plan or insurance policy, you and your family can leave your own personal stamp on history. 

A Donor Advised Fund is just what the name implies. Your initial advice to the fund is given to WaterStone via the application, which advises to whom, how much and when to give from the fund. You may add or delete charities by letter, saving you the time and expense of changing wills, trusts or other legal documents.

h2. The characteristics of a DAF are as follows.

* A clear, specific purpose approved by the Board of Directors. 
* Minimum initial deposit of $1000 (except for deferred funds). 
* Grants may be recommended for 501&#40;c&#41;(3) organizations, scholarship programs, and Field of Interest Funds.
* Grants may be recommended by application for non-qualified charitable, religious, educational, scientific, and health related activities. 
* Minimum grant amount of $100.  Grant requests made online are at no charge.  All other grant requests to qualified organizations will be assessed a $10 fee per grant.
* The Fund will be responsible for any legal or other direct expenses incurred on behalf of the fund. 
* Investment of Fund assets is dependent on value.
<i style="margin-left: 10px; font-size: 12px;">* Funds retaining $25,000 or greater may select an approved investment pool. </i>
<i style="margin-left: 10px; font-size: 12px;">* Funds retaining $50,000 or greater may recommend an investment advisor.</i>
<i style="margin-left: 10px; font-size: 12px;">* Funds retaining $200,000 or greater may recommend unique investment policy statements to be approved by the Investment Committee.</i>
<i style="margin-left: 10px; font-size: 12px;">* Cash balances will receive an indexed money market return.</i>
* A deferred fund may be established to receive estate distributions upon donor's death. 
<i style="margin-left: 10px; font-size: 12px;">* No minimum deposit </i>
<i style="margin-left: 10px; font-size: 12px;">* No current fees </i>
</ul><h2><a href="/solutions/donor_advised_funds/activate_your_donor_advised_fund">Activate Your Donor Advised Fund</a></h2>

h2. Pricing Schedule

h3. Annual Administration:
| $0 to 1,000,000 | 1.25% |
| $1,000,001 to $5,000,000 | 1.10% |
| Over $5,000,000 | 0.75% |
| Minimum |  $295 |

<i style="font-size: 12px;">Administrative fee is assessed quarterly on daily asset balances.</i>

h3. Special Services:
| Special Handling | Cost plus $25 |
| Credit Card Donations | 3% |
| Charitable grant to non-qualified organizations | $100 |
| Transfers to Field of Interest Funds | Greater of $100 or 2% |
| Non-online grants | $10 |
| Mailed or faxed Fund Statements | $10 |


h3. Non-traditional Asset Contributions:
*Gift Acceptance Fee-1st Year's Annual Administration Fee (Minimum $2,000) 
<i style="margin-left: 10px; font-size: 12px;">* One-time fee based on the appraised value.</i>
<i style="margin-left: 10px; font-size: 12px;">* Collected at the earlier of liquidation or anniversary date of gift.</i>
<i style="margin-left: 10px; font-size: 12px;">* Fee is in addition to the standard annual administration fee.</i>
<i style="margin-left: 10px; font-size: 12px;">* Periodic due diligence fee may be assessed depending upon the complexity of the asset.</i>


h3. Non-traditional Investments:
*Origination Due Diligence Fee-1.00-3.00%
<i style="margin-left: 10px; font-size: 12px;">* Periodic due diligence fee may be assessed depending upon the complexity of the asset.</i>



p=. <a href="/solutions/donor_advised_funds/faq" title="FAQ">FAQ</a> | <a href="http://www.waterstone.org/images/uploads/main-images/DAF_Application.pdf" title="Application (pdf)">Application (pdf)</a> | <a href="/contact/" title="Contact Us">Contact Us</a>

