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370 Main Street
Suite 650
Worcester, MA 01608
(508) 755-0980
Contact Us
Fees
Each named fund within Greater Worcester Community Foundation is assessed an administrative fee and investment fees. The administrative fee is collected by the Foundation to support the direct costs of management and our wide-ranging community services. It is assessed monthly and is based on the fund type. The current fee schedule detailed below is effective as of first quarter 2009.
Fund Type |
Description |
Fee |
| Agency | Created by nonprofit organization for its own benefit | 0.50% |
| Designated | For specific organizations named by donor in gift | 1.00% |
| Discretionary | For purposes determined by Foundation | 1.00% |
| Donor Advised | Grants recommended by donor or successor advisor | 1.00% |
| Field of Interest | For a topic or population group specified by donor | 1.00% |
| Scholarship | Awards for students to attend college | 1.95% |
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.
The Foundation’s professional investment managers charge separate fees to cover custody, investment management, and trading activity. Investment fees are assessed monthly on current market value. The combined total projected annual investment fee is 0.80 percent. Investment performance results are reported net of investment fees.