ADMINISTRATIVE FEES

Administrative Contributions + Minimums

—Approved by Board April, 2010.

  • DONOR ADVISED FUNDS

    Donors who create donor advised funds may make (or may designate other persons to make) recommendations to the Foundation regarding the non-profit or religious organizations that are recipients of grants from the fund. Minimum annual grants must be greater than 5% of the average account balance over a rolling five year period. There is no limit on the number of grants allowed, but the minimum grant award is $250.
  • AGENCY ENDOWMENT FUNDS

    Non-profits may create an endowment fund and receive quarterly or annual grants from the fund while protecting the corpus from encroachment.  

DONOR ADVISED FUNDS ENDOWED PERMANENT

$25,000

MINIMUM ANNUAL BALANCE

Community Development Fee:

1% of the balance of the fund

[applied quarterly]

AGENCY ENDOWMENT FUNDS FOR NON-PROFITS

$25,000

MINIMUM ENDOWMENT

Community Development Fee:

1% of the balance of the fund

[applied quarterly]

  • AGENCY NON-ENDOWED FUNDS

    Historically, non-profit organizations have been able to utilize the expertise and convenience of the Community Foundation’s board and investment management resources to manage any surplus operating capital within their organization. The Foundation will continue to honor these previous commitments at the following schedule.
    [available to existing relationships only]
  • COMMUNITY SUPPORT FUNDS

    Donors may open a Community Support Fund with only $1,000, bringing it up to the $10,000 minimum over a five year period.  Any earnings on these funds will go to the Foundation’s unrestricted grant allocation until the account reaches $10,000 in contributions.  The donor may also make one grant per year not to exceed 4.5% of the balance with a minimum gift amount of $250.00 once the fund reaches $10,000. The fee structures listed below shall be implemented and effective on all new contracts written on or after May 1, 2010. Existing accounts will be notified in writing of changes and new fee structure will take effect January 1, 2011. In addition to the above fees, each fund will pay a custodial fee of 0.30% annually toward investment and custodial bank cost.

AGENCY NON-ENDOWED FUNDS

$0

NO MINIMUM

Community Development Fee:

1% of the balance of the fund

[available to existing relationships only]

COMMUNITY SUPPORT FUNDS

$1,000

MINIMUM to be increased over 5 years to $10,000

Community Development Fee:

None until balance reaches $10,000, then 1%

Plus a custodial fee of 0.30% annually