We are the stewards of more than 600 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.
The Foundation’s investment managers charge fees for their investment services provided in the management of the Foundation's assets. Investment performance results are reported net of investment management fees. The investment management fee is projected at 1.00% per year and may vary based on changes in investment managers.
Administrative fees are charged by the Foundation to help cover the cost of operations. The fee varies depending on the type and size of the fund. Administrative fees are charged monthly and withdrawn from the fund’s assets.
Following is our current administrative fee schedule:
- Discretionary, designated, field of interest and donor advised funds - 1.25% *
- Scholarship funds - 1.95% *
- Agency funds - 0.75%
* The fee is 1.00% for funds with assets above $5 million.
A minimum fee of $250 per year is drawn on all funds.
Fee information effective April 1, 2020