I am trying to find a donor advised fund to do some patient philanthropy. Does anyone know of a donor advised fund that:
- Is for UK donors
- For someone with <£50k to donate straight away
- Offers an aggressive investment strategy (global stocks)
- Has low fees
- Doesn't charge for philanthropic advice
Okay, I called CAF to ask about this, as I was interested too. Apparently the Charity Account's 4% fee is a one-off at the time of donation, rather than annually recurring. You can hold the money indefinitely after it's put into the account for no fee. The fee is 4% on the first £22.5k donated per year, after that it reduces to 1%. (They linked me to a PDF detailing this here.) So this seems like it could well be worth it, in cases where you have more than a few £000 to donate to registered charities, if it would be more efficient to be... (read more)