Administrative Fees

Fees for the administration of the Community Foundation’s funds are set from time to time by its Trustees solely to cover the costs of that administration.

As the schedules below indicate, fees for some types of funds are graduated according to size, reflecting the costs of providing the services required to administer the fund.

The following is the current fee schedule:

Advised Funds (Donor & Agency)

Value of Fund
Fee
Up to $500,000
1.25%
Next $500,000
1.19%
Next $1,000,000
1.13%
Next $3,000,000
.63%
Over $5,000,000
.50%

 

    • Minimum Balance of $10,000
    • Percentages applied on a stepped basis to current fund balance
    • $100 minimum grant
    • $125 minimum annual fee
    • Additional fee of .15% for funds invested in portfolios specifically created by the Investment Committee on the recommendation of the donor.

 

Designated Funds (Permanently Endowed)

 

Value of Fund
Fee
Up to $500,000
1.00%
Next $500,000
.95%
Next $4,000,000
.90%
Next $5,000,000
.85%
Next $5,000,000
.80%
Over $15,000,000
.75%
      • Minimum Balance of $10,000
      • Percentages applied on a stepped basis
      • Percentages applied to rolling average balance
      • $125 minimum annual fee
      • Additional fee of .15% for funds invested in portfolios specifically created by the Investment Committee on the recommendation of the donor.
      • No distributions will be made from endowed funds until one (1) year after minmum balance is reached.

 

Discretionary Grantmaking Funds/Services
(utilizing services of Distribution Committee)

A. Where CFWM owns assets:

  • 1.25% on rolling average balance
  • $125 minimum annual fee
  • Additional fee of .15% for funds invested in portfolios (over $200,000) specifically created by the Investment Committee on the recommendation of the donor.

B. Where CFWM does not own assets:

  • 1.00% of current fund balance

Scholarship and Loan Funds

A. Funds utilizing the standard Community Foundation selection committee process:

Value of Fund
Fee
Up to $500,000
1.50%
Next $500,000
1.25%
Next $4,000,000
1.00%
Next $10,000,000
.85%
Over $15,000,000
.75%

 

    • $25,000 Minimum Balance
    • Percentages applied on a stepped basis to current fund balance (advised funds) or rolling average balance (endowed funds)
    • $1,000 minimum award
    • $300 minimum annual fee
    • Additional fee of .15% for funds invested in portfolios specifically created by the Investment Committee on the recommendation of the donor.

 

B. Funds utilizing an external selection committee or donor participation process:

Value of Fund
Fee
Up to $500,000
2.00%
Next $500,000
1.50%
Next $4,000,000
1.25%
Next $10,000,000
1.00%
Over $15,000,000
.75%

 

    • $25,000 Minimum Balance
    • Percentages applied on a stepped basis to current fund balance (advised funds) or rolling average balance (endowed funds)
    • $1,000 minimum award
    • $500 minimum annual fee
    • Additional fee of .15% for funds invested in portfolios specifically created by the Investment Committee on the recommendation of the donor.

C. Loan Collection Services:

  • 2.0 % of outstanding loan balance

Tax Preparation Services

  • $125 for gift annuities
  • $250 for remainder & lead trusts