Giving Fund Administration Fees
A GiveWise Giving Fund is free to open and use, for all fund balances under $25,000. Funds with balances greater than $25,000 are charged a monthly fee based on following tiered annual rate structure.
|Tier||Fund Balance||Fee % Per Annum*|
|1||$0 to $25,000||No Fee|
|2||$25,001 up to $500,000||1.0%|
|3||$500,001 up to $1,500,000||0.5%|
*Annual rate charged monthly.
Declining fee structure.
Fees for Contributions
GiveWise will also recover any processing fees charged by banks and credit card companies for incoming contributions. These fees do not impact the tax receipt, but are withdrawn from the Fund Balance. For example:
- Credit card contributions are charged directly by the payment processor, most often at a rate of 2.2% of the contribution plus $.30 per transaction. Please be aware that some credit cards, including AMEX and cards provided by non-Canadian institutions, will be subject to higher fees.
- Contributions transferred via wire will be charged a $25 recovery fee at the time of processing.
- Security contributions will be charged a $50 flat fee upon processing.