A minimum of $1500 is required to open a trust account with AFT.
AFT may accept trusts with a minimum below the required $1500 if sufficient proof, such as a court order, is provided showing a steady stream of income or principal will be deposited into the trust meeting the required minimum. This policy has been adopted to assist life beneficiaries that may receive payments from a structured settlement, alimony payments, child support payments, or other sources of consistent funds that are insufficient to open a trust account.
In the instances where these trusts are accepted, the trust corpus will be held in escrow while the trust balance is below the minimum requirement. During such time as the corpus is held in escrow, no distributions shall be made for the benefit of the life beneficiary and the life beneficiary will not be eligible for distributions from the charitable trust.
Funds held in escrow will be subject to tax preparation fees in accordance with the published schedule of fees. The tax preparation fees will reduce the amount held in escrow when said fees are due and payable to AFT. Upon reaching the required minimum of $1500, the trust will be subject to all fees in accordance with the published schedule of fees.