We currently have a DAF with Vanguard. We opened it with the minimum balance ($25k), and will likely not contribute again for a few years. I have some concern about their balance requirements (accounts with less than $15,000 are charged a $250 fee), and am looking to move it to TIAA, which does not seem to have this minimum balance requirement (we couldn't do that last year, as we were passed the deadline to transfer when we opened it last minute for tax benefits.) However, I am having a hard time comparing fees. It seems like both Vanguard and TIAA charge a 0.6% administration fee, but TIAA does not have an "average investment fee" listed like Vanguard does- however, from my experience with my other accounts TIAA does have higher expense ratios than Vanguard.
How did you decide who to invest your DAF with?
Would you keep this account with Vanguard and just limit grants to keep it above $15,000 until the market has some growth? Or would you move it to TIAA since this will never be a very large DAF?