Thanks to the revenues from our own Endowment Fund, we are able to minimize our Administrative Fees. Only a portion of our Operating Costs is covered by the Fees we charge on donations.
Fee structure
Myriad Canada charges a management fee to cover the due diligence and operational expenses associated with administering international charitable projects.
For donations without invested assets: Myriad Canada charges a management fee calculated annually and per project as follows:
- 5% on the first $100,000;
- 3% on the next $400,000;
- 1% on the next $500,000;
- 0.5% on additional amount above $1,000,000.
If the project exceeds $100,000, a $1,500 fee per site visit will apply.
If the organization has not yet been vetted by Myriad Canada, a one-time fixed due diligence fee of $750 will apply.
Myriad Canada covers wire transfer fees.
For Donor Advised Funds with invested assets: Myriad Canada charges a management fee of 0.8% of the invested assets per year for the administration and operational management of the charitable activities. If the organization has not yet been vetted by Myriad Canada, a one-time fixed due diligence fee of $750 will apply. This fee does not include any bank or brokerage fees charged by financial institutions for the management of the capital.