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.
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)|