Donor advised funds
Support a particular project or organisation
As a donor, would you like to support a particular project of common interest or a specific organisation?
If so, then a Donor advised fund is ideal, irrespective of whether the donation is large or more modest. This tool is very flexible, very fast and it reduces administration to the absolute minimum.
How Does it Work?
Why set up a fund?
Private individuals, organisations or companies that wish to become involved in social engagement on a particular issue can set up their own foundation. Setting up and managing a foundation does, however, entail a good deal of administration. Setting up a Fund within Myriad Europe offers a flexible approach that does not involve so many formalities.
A Fund managed by Myriad Europe will always pursue an objective that is in the public interest and is, or was, close to the founder’s heart.
Myriad Europe’s Centre for Philanthropy provides expert advice and takes care of administrative and legal management, as well as helping to ensure continuity. The Funds form an integral part of Myriad Europe, which remains legally responsible for all the transactions and financial undertakings of the Funds.
Myriad Europe’s Centre for Philanthropy provides Funds with a secretarial service to provide general coordination and day-to-day management.
More information : https://kbs-frb.be/en/contact-philanthropy-advisor .
Duration
The Donor advised fund may have a fixed activity duration of at least one year, which can be extended at your request. The Donor advised fund may also have an indefinite duration, which ensures structural commitment, continuity, and sustainability.
Contributing assests
The financing of a Donor advised fund depends, above all, on the duration envisaged for the Fund’s activities.
A Fund with capital, which aims at continuity:
In this case, you constitute a capital of a minimum of 75,000 euros. The objective is to preserve this capital so as to act sustainably over time. Each year, the King Baudouin Foundation is authorised to allocate a portion of the Fund’s assets to cover its general operating expenses (including fundraising, financial resource management, and accounting). To this end, the Foundation deducts 0.9% of the Fund’s capital, with a fixed minimum of 1,000 euros per year.
A Fund without capital, with limited duration:
The resources gathered can be used immediately to achieve the Fund’s objectives. The Fund must be supplied with a minimum of 10,000 euros per year. Each year, the Foundation is authorised to deduct a fee calculated per individual expenditure, as follows: 5% on the first tranche of 100,000 euros, 3% on the next tranche of 400,000 euros, 1% on the next tranche of 500,000 euros, and 0.5% on amounts exceeding 1,000,000 euros, with a fixed minimum annual contribution of 500 euros. In the case of special or additional activities, contributions may be increased on the basis of a per diem.