vanguard: their “open an account” page (https://www.vanguardcharitable.org/open-an-account/consent/) has a link to their policies and guidelines, with the relevant information under heading “minimums, timing, and amounts”, subheading “minimum account activity”.
i didn’t see any minimum activity info on the schwab website and haven’t had a chance to check others.
even so, they claim to require active grantmaking and say they will start making grants from any account that hasn’t disbursed anything for two years (top of page 18). i don’t know if this policy is commonly applied, but at the very least it’s a risk.
After a number of years Fidelity required me to make a $50 disbursement, so I think this requirement might be de minimis.
fidelity: their “open an account” page (https://www.fidelitycharitable.org/open-account.html) directs to their program guidelines (https://www.fidelitycharitable.org/content/dam/fc-public/docs/programs/fidelity-charitable-program-guidelines.pdf), with the relevant info on page 17. on closer inspection, it looks like disbursement of 5% of net assets per year could be a policy for fidelity charitable as a whole, not necessarily for each individual account. even so, they claim to require active grantmaking and say they will start making grants from any account that hasn’t disbursed anything for two years (top of page 18). i don’t know if this policy is commonly applied, but at the very least it’s a risk.
vanguard: their “open an account” page (https://www.vanguardcharitable.org/open-an-account/consent/) has a link to their policies and guidelines, with the relevant information under heading “minimums, timing, and amounts”, subheading “minimum account activity”.
i didn’t see any minimum activity info on the schwab website and haven’t had a chance to check others.
After a number of years Fidelity required me to make a $50 disbursement, so I think this requirement might be de minimis.