On 1 July 2019, we’ll be making some changes to our fees.
For most Stewardship account holders, our fees will remain the same.
We know that, as a Stewardship account holder, you'll want to know if your giving will be affected, so we've written this post to provide you with all the information you need. We've divided it into the following sections:
2. Why are you making changes to your fees?
4. How will the changes affect me?
6. How will this affect my recipients?
7. Can I still take advantage of the fee cap before 1 July 2019?
8. How often will your fees change in the future?
1. What is a Stewardship fee?
It's completely free to open a Stewardship Giving Account or Donor Advised Fund and we do not apply any monthly service charges. For these accounts we make a deduction based on the value of any gift you make into your account (plus Gift Aid where applicable). For an overview of our fees, please take a look at our Stewardship Pricing 2019.
2. Why are you making changes to your fees?
We’ve got many exciting changes happening here at Stewardship. We’ll be launching some new services soon as well as continuing to make updates and improvements to what we currently offer. In anticipation of these changes, we’re making a few updates to our fees to better reflect our full range of services, and simplify our pricing going forward.
When considering changes to our prices we sought to be fair and equitable.
For giving account* holders:
For Donor Advised Fund holders:
We believe these fee changes are necessary to ensure growth, improvement and sustainability of our service, to better work towards our mission and vision and to ensure that we continue providing you with an excellent service.
3. What are the changes?
For giving account holders:
For Donor Advised Fund holders:
Applicable to all account holders:
4. How will the fee changes affect me?
For giving account and Donor Advised Fund holders:
Changing our cap on fees:
5. What do I need to do next?
You do not need to do anything - we will be contacting anyone who we believe will be significantly impacted by the changes that we are making to ensure that their giving arrangements are adjusted appropriately. If you have any questions or comments about your account, we would love to hear from you. Please get in touch with our team by emailing us here.
6. How will this affect my recipients?
The vast majority of recipients will be unaffected by this change. In a small number of cases (for example, where our corporate fee is increasing from 2% to 3%) where the amount a recipient receives is directly linked to an incoming gift, there may be a slight reduction in a grant payment.
7. Can I still take advantage of the fee cap before 1 July 2019?
Yes - we have deliberately notified all account holders of the change at least 60 days before they take effect to ensure that those already planning a large gift into their account can have access to the current fee.
8. How often will your fees change in future?
We review fees on an annual basis and, in some cases, make some minor adjustments in line with inflation or other contributing factors.
See also:
What we do for our fee and how we compare
*Giving account refers to: Stewardship Giving Account, 18-25 Giving Account, Corporate Giving Account, Church/Charity Giving Account.
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blogs by the Stewardship team and selected guest writers.
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