Charitable Price Cut by T. Rowe Price

The T. Rowe Price Program for Charitable Giving, a national donor-advised fund, has reduced its annual administration fee, effective September 1, 2006, by varying amounts on asset balances of $500,000 or more.

According to the company, the fund continues to have one of the lowest administrative fees among national donor-advised funds founded by major financial institutions. For example, under the new T. Rowe fee schedule, accounts with a $2 million balance would have an annual fee of $6,250, almost $2,000 less than the Vanguard Charitable Endowment Program.