Administrative Fees

The Foundation strives to maintain a modest level of administrative fees.

Donor Advised and Designated Funds

• Minimum Starting Balance $500
• Administrative Fees
  • $500 – $10,000 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 $10,000 may also be housed in the “Consolidated Fund”
  • $10,000 or more fund balance
    • May be endowed to provide income in perpetuity
    • May be individually invested in one of the Foundation’s investment pools
    • Funds created by individuals, businesses, and organizations other than a 501(c)3 or church
      • 0.50% on the first $1 million, 0.25% on the remaining balance
    • Funds created by a 501(c)3 organization or church
      • 0.50% on the first $250,000, 0.25% on the remaining balance
    • Bank fees for the management of Foundation accounts are assessed at a blended rate.  A detailed summary of these fees is available at the Community Foundation office.

Scholarship Funds

• Endowed Funds
  • Minimum Starting Balance $25,000*
  • Fees
    • Administrative Fee: 1.00%
    • Bank fees for the management of Foundation accounts are assessed at a blended rate.  A detailed summary of these fees is available at the Community Foundation office.
• Non-Endowed Funds
  • Minimum Starting Balance $5,000*
    • Minimum commitment is five (5) years, one (1) $1,000 scholarship awarded each year for the total of $5,000
      • For multiple years or higher awards, 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

*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.