We offer a variety of types of philanthropic funds to help donors achieve a wide range of charitable goals. Fees help pay professional services and sustain our work within the community. Fees offset costs including the recordkeeping of each fund as well as staff time devoted to investment oversight and grantmaking. Fees are reviewed annually. We may adjust fees as appropriate, at our discretion. Fees are assessed monthly.
Annual Service Fees:
Note: There is a minimum monthly fee of $25.
Assets which are granted from any fund sooner than 90 days after receipt of the assets by the foundation may be subject to a 1% pass-through fee.
Investment Management Fees:
Each fund pays 0.3% per year to defray the costs of managing our investment platform, with the exception of those funds invested in cash and/or short-term funds, which pay .05% per year. In addition, fees from money managers and custodians are charged pro-rata to each fund. On average, these fees range from approximately 0.4% to 0.8% per year.
In addition to the annual service and investment fees described above, certain funds are subject to fees commensurate with additional administrative requirements. These include:
- Scholarship Funds: A transaction fee of $20.00 per check issued;
- Special Project Funds: Fees are determined on a case-by-case basis.
We may apply specific related legal and other expenses in connection with the creation and administration of the fund or unusual out-of-pocket expenses related to the operation of the fund. This can include, but is not limited to, credit-card fees, brokers, agents, or other fees for liquidating stocks or other management-intensive assets (such as real estate). These additional expenses will be directly charged to the fund.
Advisor Relations Officer
Sarah Beeks Higdon, MBA, Chartered Advisor in Philanthropy, CAP©
Development and Corporate Relations Officer
Geri Jacobs, ChFC, CLU
Director of Charitable Gift Planning
Contact me if you have any questions.