<h2>Description of Services</h2> 
 
<p>Just as individual donors look to WaterStone to provide effective administrative operations, so do charity development and gift planning officers at other non-profit organizations look to WaterStone for their back office services. A Charity Advised Fund supports the mission and purposes of the charity. Our services include the Charitable Gift Annuity program, third-party trustee services for charitable trusts, an endowment program and the Donor Advised Fund option.</p> 
 
<h2>Some things to remember about the Charity Advised Fund.</h2> 
<ul>
<li>The charity must be a 501&#40;c&#41;(3) organization and provide its tax determination letter.</li> 
<li>The mission statement and corporate resolution of the charity must be attached with the application.</li>
<li>The purpose of the fund will be to support the mission of the charity.</li> 
<li>The Charity Advised Fund may be funded by donors&#8217; wills, life estates, Charitable Gift Annuities, charitable remainder trusts, or other testamentary gifts, and with current gifts of cash, appreciate stock, real estate or other assets.</li> 
<li>May be established as a true endowment, retaining invested principal in perpetuity, with distribution from earnings only.</li> 
<li>Or may be established as a flexible endowment fund, for investment with partial or total distribution option.</li> 
<li>Minimum initial deposit of $1000.</li> 
<li>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.</li> 
<li>The Fund will be responsible for any legal or other direct expenses incurred on behalf of the fund.</li> 
<li>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><br /> 
<i style="margin-left: 10px; font-size: 12px;">* Funds retaining $50,000 or greater may recommend an investment advisor.</i><br /> 
<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><br /> 
<i style="margin-left: 10px; font-size: 12px;">* Cash balances will receive an indexed money market return.</i></li>
<li>A deferred fund may be established to receive estate distributions upon donor's death.<br /> 
<i style="margin-left: 10px; font-size: 12px;">* No minimum deposit</i>
<i style="margin-left: 10px; font-size: 12px;">* No current fees</i></li>
</ul>
<h2>Pricing Schedule</h2> 
 
<h3>Annual Administration*</h3> 
 
	<table> 
		<tr> 
			<td> $0 to 1,000,000 </td> 
			<td> 1.25% </td> 
		</tr> 
		<tr> 
			<td> $1,000,001 &#8211; $5,000,000 </td> 
			<td> 1.10% </td> 
		</tr> 
		<tr> 
			<td> Over $5,000,000 </td> 
			<td> .75% </td> 
		</tr> 
		<tr> 
			<td> Minimum </td> 
			<td> $295 </td> 
		</tr> 
	</table> 
 
	<p><i style="font-size: 12px;">Administrative fee is assessed quarterly on daily asset balances.</i><br /> 
 
	<h3>Special Services:</h3> 
	<table> 
		<tr> 
			<td> Special Handling </td> 
			<td> Cost plus $25 </td> 
		</tr> 
		<tr> 
			<td> Credit Card Donations </td> 
			<td> 3% </td> 
		</tr> 
		<tr> 
			<td> Charitable grant to non-qualified organizations </td> 
			<td> $100 </td> 
		</tr> 
		<tr> 
			<td> Transfers to Field of Interest Funds </td> 
			<td> Greater of $100 or 2% </td> 
		</tr> 
		<tr> 
			<td> Non-online grants </td> 
			<td> $10 </td> 
		</tr> 
		<tr> 
			<td> Mailed or faxed Fund Statements </td> 
			<td> $10 </td> 
		</tr> 
	</table> 
 
	<h3>Non-traditional Asset Contributions:</h3> 
	<table> 
		<tr> 
			<td> Gift Acceptance Fee </td> 
			<td> 1st Year's Annual Administration Fee (Minimum $2,000) </td> 
		</tr> 
	</table> 
 
	<p><i style="margin-left: 10px; font-size: 12px;">* One-time fee based on the appraised value.</i> <br />
<i style="margin-left: 10px; font-size: 12px;">* Collected at the earlier of liquidation or anniversary date of gift.</i> <br />
<i style="margin-left: 10px; font-size: 12px;">* Fee is in addition to the standard annual administration fee.</i> <br />
 <i style="margin-left: 10px; font-size: 12px;">* Periodic due diligence fee may be assessed depending upon the complexity of the asset.</i></p> 


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



	<p style="text-align:center;"><a href="/solutions/charity_advised_fund/faq/" title="FAQ">FAQ</a> | <a href="http://www.waterstone.org/images/uploads/main-images/CAF_Application.pdf">Application (pdf)</a> | <a href="/contact/" title="Contact Us">Contact Us</a></p>