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370 Main Street
Suite 650
Worcester, MA 01608
(508) 755-0980
Contact Us
Fees
Greater Worcester Community Foundation draws an annual administrative fee from each Named Fund. The administrative fee is assessed monthly, based on the individual Fund’s total market value.
As a non-profit organization, we use administrative fees to support our community-improvement mission, fund stewardship and grants management.
The fee rate varies depending on the type of fund. The current fee schedule, effective in 2005 and continuing through 2006.
Fund Type |
Description |
Fee |
| Agency | created by nonprofit organization for its own benefit | 0.50% |
| Designated | for specific organizations named by the donor | 1.00%* |
| Discretionary | for any purpose, determined by the Foundation | 1.00%* |
| Donor Advised | donor and appointed successors actively recommend grants | 1.00%* |
| Field of Interest | for a topic or population group specified by the donor | 1.00%* |
| Scholarship | provides student aid awards | 1.15%* |
| *Amount above $5,000,000 | 0.80% |
These additional charges are set by our investment mangers to cover (a) custody of assets, (b) investment management, and (c) trading activity. Investment fees are assessed each month based on current market value. Total investment management fees in 2005 were 0.81%. Please note that investment performance results are reported net of investment fees.