Fund Administrative
Fee Schedule
Effective January 1, 2006 |
|
Fund
Type |
Fund
Balance |
Fees |
Donor-Advised
Gift Funds
|
|
One time charge of 2.00% on each contribution
to the fund. |
| |
|
|
Donor-Advised Endowment
Funds |
Fee on the first $ 2 Million
Fee on the next $ 3 Million
On amounts over $ 5 Million
|
1.25% Annually *
1.15% Annually *
1.00% Annually *
* Plus Investment Advisor Charges
|
| |
|
|
Donor-Advised
Impact Funds |
Fee on the first $ 2 Million
Fee on the next $ 3 Million
On amounts over $ 5 Million |
1.75% Annually *
1.65% Annually *
1.50% Annually *
* Plus Investment Advisor Charges
|
| |
|
|
| Agency Endowments |
|
1.15% Annually *
* Plus Investment Advisor Charges
|
| How Your Fees Work at
The Community Foundation: |
| • |
Help to build a permanent community
resource, which will benefit our community
forever. |
| • |
Support work with donors to create an individual
or family legacy and fulfill multiple charitable
interests. |
| • |
Allow staff to provide personalized service,
including assistance, education, and connecting
donors with strategic funding opportunities
and to provide technical assistance to nonprofits. |
| • |
Enable the Foundation to be a center of
expertise about community needs and non-profit
groups and provide personalized service and
community leadership. |
| • |
Fees stay in the community, where they benefit
local organizations through financial and
technical support. |
|
| * Our Our
investment firm, Sargent Bickham Lagudis, charges the
foundation a maximum of 40 basis points annually
at the present time. As the funds under management
hit certain milestones, that fee will go down. All
funds are billed directly on a quarterly basis.
|
|
|
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