Planned Giving Design Center of New Jersey
Tue
23
Aug
2005

More for Less: MLCCF Reduces Fees

 

 

The Merrill Lynch Community Charitable Fund's current flat fee of 210 basis points will be replaced with a new tiered pricing schedule.

The Merrill Lynch Community Charitable FundSM (MLCCF) program has significantly reduced its fees. The current flat fee of 210 basis points will be replaced with a new tiered pricing schedule.

Effective September 1, 2005, the following fee schedule will apply to donor advised funds in the MLCCF program:

Asset LevelsTier Fees
First $500,000 175  basis points (1.75%)
Next $500,000 170  plus prior tier fees
Next $2,000,000 160  plus prior tier fees
Next $2,000,000 150  plus prior tier fees
Next $5,000,000 140  plus prior tier fees
Over $10,000,000Negotiable
Minimum Annual Fee$500

The benefits of establishing a DAF with a participating Community Foundation in the MLCCF program include:

  • Ability to transfer and liquidate appreciated securities without incurring capital gains tax;
  • Potential income-tax charitable deductions based on fair market value of contributed assets;
  • Additional donations (minimum $1000) at any time;
  • Tax-free growth of invested assets;
  • Advice about the needs in the community that best match your charitable interests;
  • Due diligence screening of the recommended grantee charities you wish to support;
  • Recognition or anonymity for charitable gifts to the grantee charities;
  • Ability to name co-advisors and successor advisors over two generations;
  • Ability to access your DAF online; and
  • Access to leading proprietary and non-proprietary professional investment managers available through the Merrill Lynch Consults Service to help build charitable assets over the life of your fund.

Thank you for participating in the MLCCF program, one of the most comprehensive donor advised fund services available today.