AssetMark Charitable was launched with a distinct focus on ensuring that your generosity goes farther as a result of consciously constructed fee structures designed to maximize the impact of your philanthropic mission. AssetMark Charitable utilizes a simple fee structure which affords you the comfort of giving when it is right for you without the worry of devaluing the impact of your charitable dollars.
What are the fees associated with my giving account?
Simple, Low Cost Structure
Fees are charged based on the declining fee structure as outlined below:
A 60 bps (.60%) annual fee is assessed on held balances for the first $1,000,000.
For all balances over $1,000,000, fees will be 20 bps (.20%).
AssetMark Charitable does not charge account minimum fees
Real World Examples
An account funded with $1,000,000 would incur fees of $6,000 per year, assessed monthly
An account funded with $5,000,000 would incur fees of $14,000 per year, assessed monthly.
To put that in perspective, the fee savings can provide...
Over 4,500 meals to children (Bread of Life International)
Clean water for 2600+ individuals (Charity Water)
How are the fees calculated and when are they drawn?
Fees will be calculated daily based on the Giving Fund balance and are drawn from the Giving Fund monthly. It is an annual fee that is calculated daily and billed monthly. The fee is assessed daily as 1/365th, and totaled at the end of the month to assess the monthly fee.