Are there certain minimum balances and requirements associated with the Vanguard Charitable Endowment Program?
A. The minimum initial gift is $25,000, the minimum additional gift is $5,000, and the minimum outgoing grant is $500. While there is no minimum required account balance, accounts with balances of less than $15,000 will be assessed an additional annual maintenance fee of $100. These guidelines were established to keep the Program’s operating expenses as low as possible so that more money will be available for distribution to charities.
A. The minimum initial gift is $25,000, the minimum additional gift is $5,000, and the minimum outgoing grant is $500. While there is no minimum required account balance, accounts with balances of less than $15,000 will be assessed an additional annual maintenance fee of $100. These guidelines were established to keep Vanguard Charitable’s operating expenses as low as possible so that more money will be available for distribution to charities.
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