We are the stewards of more than 450 funds as well as the civic endowment created by all of our donors’ funds and gifts. Each fund is subject to monthly investment and administrative fees as well as an annual fee. We keep fees and costs for fund administration and investment low through economies of scale.
On a monthly basis, the Foundation’s professional investors assess a fee of 0.83% against the total value of each fund for custody, investment management and trading services.
In addition, the Foundation assesses a monthly administrative fee against each fund’s total value. This fee covers our costs for fund management and administration and helps fund our services to donors, nonprofits and the community as a whole.
Following is our current administrative fee schedule:
- Discretionary, designated, field of interest and donor advised funds - 1.00% *
- Scholarship funds - 1.95% *
- Agency funds - 0.50%
* The fee is 0.80% for funds with assets above $5 million
A minimum fee of $250 per year is drawn on all funds. For funds $100,000 to $500,000, an additional $250 per year is assessed. For funds $500,000 and above, an additional $500 per year is assessed.