Is there a minimum account balance I must maintain in my ImpactAssets Donor Advised Fund account? : ImpactAssets

Is there a minimum account balance I must maintain in my ImpactAssets Donor Advised Fund account? Print

Modified on: Mon, Feb 7, 2022 at 6:47 PM

Any ImpactAssets Donor Advised Fund account whose balance falls below $25,000 will be assessed an account maintenance fee at a rate of $250 per calendar year. If at the time of the assessment of the maintenance fee, the account balance is less than the assessed fee, then the entire balance of the account will be removed and the account will be closed.

Additionally, if the account is depleted to below 20% of its original balance within the first 12 months of the account opening, then IA reserves the right to charge a $500 fee. This fee does not apply after the first year of the account being open.

See page 11 of the program circular for additional details.

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Is there a minimum account balance I must maintain in my ImpactAssets Donor Advised Fund account? Print

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