Giving Fund 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 the 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%
4
$1,500,000 up to $5,000,000
0.3%
5
$5,000,000 +
Email for rates
*Annual rates are charged monthly.
Declining Fee Structure The fee structure decreases as fund balances increase, ensuring cost-efficiency for larger funds.
*Fees do not affect the tax receipt as they are withheld after the contribution has been processed.
GiveWise recovers any processing fees charged by banks and credit card companies for incoming contributions. These fees are withdrawn from the Fund Balance but do not impact the donor’s tax receipt. Below are examples of potential fees:
- Credit Card Contributions: - Typically charged at 2.2% of the contribution amount, plus $0.30 per transaction. - Contributions made via AMEX or non-Canadian credit cards may incur higher fees.
- Wire Transfers: - A $25 recovery fee is charged at the time of processing.
- Security Contributions: - A $50 flat fee is charged upon processing.
For any questions or further details, please contact GiveWise Support: Email: support@givewise.ca Phone: 604.302.1760