Donor Advised Funds (DAFs) can be setup by an individual, family, or business to fund any U.S. nonprofit organization, and for an extra fee, international nonprofits.
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To learn more about DAFs and community foundations, visit our F.A.Q, page.
Types of DAFs at AMuslimFund:
- Donor Advised Funds (sadaqa/Zakat)
- Community Pooled Funds (Donor Giving Circles)
- Endowment (planned giving)
- Microphilanthropy (voting campaigns)
DAFs under $20,000 are $125/year. Beyond that, there is a fee of roughly 0.65% per year.
*Depends on the highest value of the DAF before distributions are made.
Annual fee example 1
Giving Account balance $60,000
0.65% annual fee on the first $500,000 $390
Total annual administrative fee $390
Annual fee example 2
Giving Account balance $650,000
0.65% annual fee on the first $500,000 $3,900
0.325% annual fee on the next $150,000 $487.50
Total annual administrative fee $4,387.50
|Donor Advised Fund Budget||Annual Administrative Fee|
|> $500,000||.65% or $125 (whichever is greater)|