Maximizing your charitable giving by minimizing your costs
Mar 29, 2019
A reality of charitable giving today is that effective granting requires effective cost management. Cost matters -- in investing and in charitable giving. When evaluating charitable giving options, the more money spent on fees, the less that's available for charity.
It's that simple.
At Vanguard Charitable, we believe in low-cost and high-impact philanthropy. We keep our fees low to ensure more charitable dollars are working for the causes you care about most.
We are committed to keeping costs low by using a simple and transparent cost structure: investment fee plus administrative fee equals all-in cost. Here is how it breaks down:
Large fees can reduce charitable assets' potential growth, erode investment returns and contributions available for granting. Consider the following scenario. Three accounts, each with $250,000, earn a 5% annual return. But with each account assessed a different annual fee, you can see how the larger the fee, the greater the erosion, and fewer dollars for your charitable goals.
Over 20 years, untouched by fees, $250,000 could grow more than $650,000. In our average account, with an all-in fee of 0.70%, the initial balance grows tax-free to nearly $580,000-- creating an extra $330,000 to be recommended as grants.
Maintenance fee may be applied
Accounts having a balance below $15,000 may be subject to an annual maintenance fee of $250.
You are eligible for special rates
Our premier clients enjoy reduced pricing to further maximize their impact.
Our representatives are happy to guide you through.