|Administrative Fee + Investment Fee = Total Annual Fee|
T. Rowe Price Charitable assesses the annual fee on your account's assets to help cover operating and administrative expenses. The prorated assessment is made on a daily basis and is reflected in the net asset value of each investment pool. Thus, you will not see fees subtracted in your account activity. As an illustration, the annual administrative cost on a balance of $25,000 is $125 (0.50% x 25,000).
|Account Balance||Administrative Fee|
Please note: Accounts that are reduced to a zero balance through a grant recommendation(s) within the first six months from account inception will be assessed an administrative fee of $500 prior to awarding the final grant.
Investment fees for the pools are the pro-rata share of the fees and expenses of the underlying funds in which the pool invests and generally range between 0.29% and 0.90% on an annualized basis. Investment returns are net of expenses of the underlying mutual funds. As an illustration, the annual cost of $25,000 invested in a pool with an expense ratio of 0.39% is $98. Annualized expense ratios as of September 30, 2021, are as follows:
|Pool Name||Expense Ratio|
|Balanced Index Pool||0.22%|
|Moderate Growth Pool||0.59%|
|Gift Preservation Pool||0.29%|
|Global Equity Pool||0.56%|
|Diversified Income Pool||0.57%|
|Total Equity Market Index Pool||0.26%|
|International Equity Index Pool||0.38%|
|International Equity Pool||0.91%|