Legacy Funds

Opening a fund

Myriad USA will work with you to structure your fund so that it supports the causes or organizations that are important in your life. You can also name your fund in honor of a loved one or a family member.  

Legacy Funds require a $250,000 balance to begin grantmaking, and you can make contributions to your fund all at once or over time. Your fund can provide support to a favorite organization or advance an issue dear to you, in the city or country of your choice. The fund can exist forever or for a specific number of years. 

Contributing assets

There are several ways to give to a Legacy Fund. You can give now or later. Many people like to include a charitable gift in their will, or give via a trust, a retirement account, or a life insurance policy. Myriad USA can help you consider your options and give in a way that is easy and tax smart. Learn more about the many ways to give. 

Investing assets to generate income

The assets of your fund will be invested, under the guidance of our Investment Committee, allowing the fund to earn income and grow tax-free over time. When you establish your fund, you can select one of Myriad USA’s three investment options or, with a fund balance of $750,000 or more, you can recommend that the management of the fund assets be entrusted to a specific investment advisor.

Making grant distributions

Each year Myriad USA will grant a percentage of your fund assets to nonprofit initiatives overseas, based on the objective and the timeline described in your fund agreement. For forever funds, the annual distribution percentage is set by the Board of Myriad USA, and the current rate is 4%.  

If you choose a favorite organization, Myriad USA will work with that organization to identify specific projects or programs to support. If your fund is created to advance an issue you care about, Myriad USA will identify effective and impactful organizations that address your interest in your chosen geography. 

Fee structure

Invested funds are charged a fee of 70 basis points per year (i.e., 0.7% of invested assets; 0.175% assessed quarterly), or a flat fee of $1,750, whichever is greater. This fee structure is all inclusive – no fees will be charged on grant distributions, and there are no other legal, due diligence or maintenance fees.

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