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Membership Fees

To support its various initiatives, The Art Fund Association charges the following membership fees, which are graduated to reflect the size and character of the proposed member.

• No Officer or Director of the Art Fund Association shall receive any financial compensation from any membership fees received from members. All membership fees shall be utilized solely for the conduct of the Art Fund Association's activities in promoting and guiding the art fund industry.
• Fees are for the period from January 1st to December 31st of each calendar year with the amount of the fees pro rated quarterly for memberships started other than on January 1. Continued membership requires a renewal to occur by no later than January 31st of each calendar year.
• Art fund managers pay according to the size of the funds they manage which is determined based on the method by which their annual management fees are calculated for all of such funds – by a fixed percentage of either the net asset value of the fund’s investment portfolio or the aggregate capital commitments made by the fund’s investors. As a condition to joining The Art Fund Association, art fund managers are required to certify in writing the manner in which such manager receives its compensation from each of the funds it manages and either the last calculation of its NAV or its aggregate capital commitments of such funds.
• Placement Agents must be registered broker-dealers or associated persons of such a broker-dealer in accordance with U.S. securities laws and the rules and regulations of FINRA.
• If the proposed member is an organization, such organization is entitled to extend the membership to two (2) individuals of such organization per annual membership fee remitted to Art FA.
• Membership Dues are non-refundable.