Fee Schedule
Transparent pricing for Daffodil Charitable Giving Funds
Giving Fund
Your Daffodil Giving Fund is a donor-advised fund sponsored by Daffodil Charitable, a Denver CO based 501(c)(3) organization.
Fees Overview
Daffodil Charitable fee breakdown & comparison
| Daffodil Charitable | Other DAFs | |
|---|---|---|
| Administrative Fees | 0% | National DAFs starts at 0.60% Community Foundations as high as 2% |
| Inbound Fees | Varies, free where possible | Varies |
| Investment Fees | No fees for growing assets as cash. Actively managed funds or online portfolios may charge investment fees outside of Daffodil Charitable. | Varies |
| Minimum Balance | $0 | Varies |
| Grant Fee | One-time Grants:Optional | Rare. See why below. |
Planned Grants:5% for Impact Enablement | ||
Discovery Fund:5% for Impact Enablement |
Impact Enablement for Nonprofits
A grant fee is paid to Daffodil Charitable only when a grant is successfully completed, and is used for Impact Enablement.
Impact Enablement is a set of capabilities that perform several benefits to nonprofits, such as:
- 1) Automating the collection and processing of public and private impact data
- 2) Subsidizing access to Daffodil features for nonprofits
- 3) Providing impact visibility through generated artifacts, personalized for nonprofits, donors, and advisors
Most DAFs charge little to no granting fees, but provide no impact enablement for nonprofits or visibility after the grant is made.
Administration Fees (Zero)
Daffodil Charitable charges zero administration fees for assets under management (AUM).
Investment Fees (Optional, paid to external parties)
Investing is optional. Investment fees vary, and are levied by parties external to Daffodil Charitable that offer investment opportunities and services for funds.
Cash balances earn interest in money market funds, and are not charged investment fees.
One-time Grants
One-time grants are submitted through Compass's Give Now feature. The grant is considered a recommendation immediately queued for review. If the nonprofit recipient is already a verified organization, the grant is processed within 1 business day.
- •Optional granting fee for Impact Enablement
- •$50 minimum grant
Example: Tom wants to make a $1000 grant out of his Giving Fund to a local charity. He submits the grant recommendation using Give Now, and it is queued for processing.
Planned Grants (Optional)
Recurring Grants are monthly contributions to specific nonprofits selected by the donor. Configured in Compass's Giving Plan feature, donors set a specific amount for each nonprofit they want to support. You can add, remove, or adjust amounts for your recurring grants at any time.
- •5% granting fee for Impact Enablement
- •$30 per nonprofit per month minimum grant
Example: Tom sets up recurring grants of $50/month each to Nonprofit A, Nonprofit B, and Nonprofit C. He also allocates $100/month to the Discovery Fund. Tom receives structured impact data reporting and can adjust or cancel any of his recurring grants at any time.
Discovery Fund (Optional)
The Discovery Fund is a charitable pool used to discover new nonprofits. Donors set a specific monthly amount for their Discovery Fund contribution, which is optional and can be disabled at any time.
The Discovery Fund powers matchmaking and provides discoverability for donors who want to learn about giving opportunities. Daffodil's network contains verified and participating nonprofits of all different sizes and mission areas from across the United States, matched according to the donor's priorities, cause areas, and geographic preferences.
- •5% granting fee for Impact Enablement
- •$0 ($50 per month recommended) minimum
Example: Jane selects animal welfare (cause area) and Colorado (geographic area) as her charitable priorities. She sets her Discovery Fund amount to $100/month. Every month, her $100 gift is distributed to Daffodil's network of high-impact animal welfare nonprofits in Colorado. She receives regular impact data showing the results of her investment and learns about organizations she would not have known about otherwise.
Daffodil Giving Fund Growth
Daffodil Charitable is not a brokerage and does not charge investment fees. If funds are invested, investment fees may be set and collected on behalf of the underlying brokerage or actively managing advisor.
Held in cash by default, Giving Funds grow in a money market fund, fee free. The current rate is 2.89% APY but is subject to change based on market conditions.
Contributing to your Giving Fund
Contributing funds to your Giving Fund by most means is a tax-deductible contribution to Daffodil Charitable.
There are various methods to contribute to your Giving Fund, each with different processing fees and times:
- •Card: Varies based on interchange rates
- •ACH: $1 processing fee
- •Wire: Depends on your bank
- •Stock / Crypto: Contact us at hello@daffodilcharitable.org
- •DAF to DAF transfer: Depends on source DAF, usually free
Disclaimers
If the account holder does not contribute sufficient funds to pay any owed fees, notably any pass-through investment fees, Daffodil Charitable may sell any proprietary money market mutual fund shares held in the account or take other actions provided for in these policies.
As it deems necessary, Daffodil Charitable reserves the right to place a hold on the assets in the account to cover expenses.
Donors should carefully consider information contained in the prospectus, or if available, the summary prospectus, for the registered underlying mutual funds, including investment objectives, risks, charges and expenses. Donors can request a prospectus by emailing Daffodil Charitable at hello@daffodilcharitable.org. Please read the prospectus carefully before making contributions or recommending investment of funds.
Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of an investment at $1 per share, it is possible to lose money by investing in the fund.
Daffodil Charitable is a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code.
Contributions made to Daffodil Charitable are considered an irrevocable gift and are not refundable. Once contributed, Daffodil Charitable has exclusive legal control over the contributed assets.