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.
