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OFFICE CLOSURE: Due to maintenance at our Aurora office, the office is closed until further notice.  Staff will be available remotely via phone and email during regular business hours.

Administrative Fees

The Foundation strives to maintain a modest level of administrative fees.  Funds may be either held within the Community Foundation’s Consolidated Fund or individually invested depending on fund type and minimum balance required.  However, if a fund is requiring a significant amount of staff time or the need for legal assistance, the Foundation’s President may determine and discuss an added fee with the fund to offset added Community Foundation administration.

Consolidated Fund: In general, no administrative fees are charged to funds within the Consolidated Fund.  Funds within the Consolidated Fund do not accrue their own income.  Any income earned through the investment of such funds is retained by the Community Foundation to assist with its administrative expenses.

Individually Invested: Funds that are individually invested are assessed an administrative fee determined by the fund type.  Administrative fees are calculated and collected monthly.  Funds will be assessed their share of money management/investment fees incurred on their behalf.  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 the contributions relating to the fundraising activity.

Donor Advised Funds

Minimum Balances

  • To Open, Endowed: $10,000.00
  • To Open, Non-Endowed: $500.00
  • Minimum to Individually Invest: $5,000.00

Administrative Fees

  • Consolidated: None
  • Individually Invested
    • 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: $60.00

Designated Funds

Minimum Balances

  • To Open, Endowed: $10,000.00
  • To Open, Non-Endowed: $500.00
  • Minimum to Individually Invest: $5,000.00

Administrative Fees

  • Consolidated: None
  • Individually Invested
    • First $1 Million 0.60%
    • Remaining Balance 0.30%
    • Minimum Annual Fee: $60.00

Agency & Institutional Funds

Minimum Balances

  • To Open, Endowed: $10,000.00
  • To Open, Non-Endowed: $500.00
  • Minimum to Individually Invest: $5,000.00

Administrative Fees

  • Consolidated: None
  • Individually Invested
    • First $250,000.00 0.60%
    • Remaining Balance 0.30%
    • Minimum Annual Fee: $60.00

Scholarship Funds

Minimum Balances

  • To Open, Endowed: $25,000.00
  • To Open, Non-Endowed (Consolidated): $5,000.00*
  • Minimum to Individually Invest: $25,000.00

Administrative Fees

  • Consolidated: None
  • Individually Invested: 1.00%^
    • Minimum Annual Fee: $250.00

*A five-year commitment is required for non-endowed scholarship funds.  As of the approval of this policy, the minimum scholarship award is $1,000.00 for a one-year award.

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

We recognize that not every individual, family, or business is able to start a scholarship fund with $5,000.00 or an endowed scholarship fund with $25,000.00. 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.

Fiscal Sponsorships

Fiscal sponsorships mirror Designated Funds with the addition of a 2% fee per gift.

As a first-generation college student from a low-income family, I was worried about how I was going to pay for books and supplies. This scholarship will allow me to focus more on my studies instead of worrying about how to afford college. I am working to not only create opportunities for myself but to motivate future generations. Thank you so much for helping me along this journey!

Moises J.

Claude & Alice Allen Memorial Scholarship Recipient

…you can always start small, even $25 can make a difference. Remember we can’t take our money with us. Even if it’s just your gift of time. Volunteer and get involved.

Cris Anderson

Cristina & Thomas S. Anderson Endowment Fund | Tom & Cris Anderson Colonial Advisory Fund

We chose the Community Foundation because of its reputation. It’s well known, established and we can trust them to do the job for us.

Dick Schindel

Richard and Susan Schindel Scholarship Funds

Thank you very much for supporting my college education for these four years. I will never be able to repay you for the opportunity that this scholarship has given to me.

Julia H.

[Renewing Scholarship Recipient] Graduate of Hinkley-Big Rock High School

Being a part of the Community Foundation scholarship committee is the highlight of my year. For many, a scholarship from the Community Foundation is the reason they are able to continue reaching for their dreams and changing the future of our world. I hope each recipient knows just how inspirational they are to those of us who are lucky enough to read their stories.

Jessica Breugelmans

Board Member & Scholarship Committee Member

A community foundation is a donor-driven organization that helps donors custom-design funds that reflect their charitable interests. Through the years, grants from these funds have made a significant impact on our local communities.

Sharon Stredde

President Emeritus

Community Foundation of the Fox River Valley

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