At Myriad Canada, we are able to minimize our administrative costs due to our access to the resources of our own endowment fund. We minimize management fees as much as possible: minimum 95% of the money raised for the projects goes directly to the charitable activities.
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 on an annual basis 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.
Myriad Canada covers wire transfer fees.
Donations by credit card: 3% transaction fee (from credit card company).
No set-up or vetting costs.
Examples:
- For a $50,000 project, our fees are $2,500 (5%)
- For a $250,000 project, our fees are $9,500 (3.8%)
- For a $1,000,000 project, our fees are $22,000 (2.2%)
- For a $5,000,000 project, our fees are $42,000 (0.84%)
For Donor Advised Funds with endowment: 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. This fee excludes any bank or brokerage fees for the financial management of the capital charged by a financial institution. We do not charge initial set-up, due diligence, or legal fees.
Example: for an amount of $1,000,000 CAD, our fees are $8,000/year.