Administrative Fees

The Foundation strives to maintain a modest level of administrative fees.  Administrative fees are calculated and collected monthly.

Donor Advised Funds

• Minimum Starting Balance: $500
• Minimum to Endow: $10,000
• Administrative Fees
  • $500 – $5,000 fund balance
    • Housed in the Foundation’s “Consolidated Fund”
    • No administrative or bank fees in most circumstances
    • Funds do not accrue income, interest, dividends, etc…
    • Funds are not susceptible to investment market fluctuation
    • Funds with balances greater than $5,000 may also be housed in the “Consolidated Fund”
    • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.
  • $5,000 or more fund balance
    • May be individually invested in one of the Foundation’s investment pools
    • First $1 Million
      • 0.60%
    • Next $1.5 Million
      • 0.50%
    • Next $2.5 Million
      • 0.25%
    • Next $5 Million
      • 0.15%
    • Over $10 Million
      • 0.10%
    • Minimum Annual Fee: $60
    • Money Management/investment fees vary depending upon their respective money manager, investment pool, and investment strategy.
    • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.

Designated Funds

• Minimum Starting Balance: $500
• Minimum to Endow: $10,000
• Administrative Fees
  • $500 – $5,000 fund balance
    • Housed in the Foundation’s “Consolidated Fund”
    • No administrative or bank fees in most circumstances
    • Funds do not accrue income, interest, dividends, etc…
    • Funds are not susceptible to investment market fluctuation
    • Funds with balances greater than $5,000 may also be housed in the “Consolidated Fund”
    • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.
  • $5,000 or more fund balance
    • May be individually invested in one of the Foundation’s investment pools
    • First $1 Million
      • 0.60%
    • Remaining Balance
      • 0.30%
    • Minimum Annual Fee: $60
    • Money Management/investment fees vary depending upon their respective money manager, investment pool, and investment strategy.
    • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.

Scholarship Funds

• Endowed Funds
  • Minimum Starting Balance: $25,000*
  • Fees
    • Administrative Fee: 1.00%^
    • Money Management/investment fees vary depending upon their respective money manager, investment pool, and investment strategy.
    • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.
• Non-Endowed Funds
  • Minimum Starting Balance: $5,000*
    • Minimum commitment is five (5) years, one (1) $1,000 scholarship awarded each year for a total of $5,000
      • For multiple years or higher awards, a full five (5)-year commitment is required (e.g. Two $1,000 scholarships awarded each year require a contribution of $10,000; one $1,500 scholarship awarded requires a contribution of $7,500, etc…)
    • Additional contributions may be made to continue awarding the scholarship(s)
    • Once a fund balance reaches $0, the fund is closed and a new five (5)-year commitment is required
  • Housed in the Foundation’s “Consolidated Fund”
  • No administrative or bank fees in most circumstances
  • Funds do not accrue income, interest, dividends, etc…
  • Funds are not susceptible to investment market fluctuation
  • Fundraising: If a fund engages in fundraising that requires additional administration by Foundation staff, a minimum fee of 2% per contribution will be assessed for contributions relating to the fundraising activity.

*We recognize that not every individual, family, or business is able to start a scholarship fund with $5,000 or an endowed scholarship fund with $25,000. To work toward the goal of establishing a scholarship fund or endowed scholarship fund, a Donor Advised Fund may be a great way to start.  A Donor Advised Fund offers the flexibility of making contributions over time starting with the minimum balance of $500 and working toward the creation of a scholarship fund all while retaining the ability to suggest grants to your favorite charity organizations in the meantime.  Please contact us for additional information.

^1.25% beginning January 1, 2023; 1.50% beginning January 1, 2024, 1.75% beginning January 1, 2025; 2.00% beginning January 1, 2026