RESOURCES
How to Maintain
the Fund
Within 30 to 60 days of funding a donor-advised fund, AEF will request an initial transfer to our liquidity account totaling 1%* of the fund’s balance.
*Actual percentage may vary. This liquidity account is a small portion of assets held at AEF that enables AEF’s quarterly administrative fees to be withdrawn without investment disruption.
Annually
AEF will request cash via a letter of authorization (LOA) from the donor-advised fund’s investment account to replenish the liquidity account’s balance to approximately 1%* of the donor-advised funds’ current assets. The financial advisor will complete this transfer by processing an ACH/EFT to AEF’s bank on file. LOAs are expected to be fulfilled within 10 days.
Quarterly
AEF will assess administrative fees from the liquidity account.
These funds will be transferred to provide initial funding of AEF’s liquidity account, to cover a grant recommended by a donor, or to annually replenish the liquidity account.
How do you transfer funds?
THE PROCESS IS EASY.
- AEF emails a LOA to the advisor.
- The advisor liquidates investments or raises cash.
- Within 10 days, the FA transfers the funds, and AEF credits the account.
1% Liquidity Account
99% Investment Account
*Note: Actual percentage may vary.
