Our administrative fees support the mission of the Community Foundation. They cover staff time and other expenses incurred in the offering, selecting and awarding of scholarships; reviewing and awarding of grant requests; processing of gifts; managing charitable funds; publication of an annual report; oversight of investment performance; donor relations; and other functions that ensure the ability of the Foundation to carry out its broader purpose. Board members are volunteer and serve without compensation.
Endowed Funds (invested)
Designated Fund .6% on the first $500,000; .2% on the remainder
Donor-Advised Fund .6% on the first $500,000; .2% on the remainder
Field of Interest .6% on the first $500,000; .2% on the remainder
Scholarship Fund 1% on the first $500,000; .5% on the remainder
Non-Endowed Funds (not invested)
Designated Project Funds .5% on donations up to $100,000; .1% on the remainder
Scholarship Fund 2% on donations
No administrative fees are assessed until the fund balance reaches the minimum endowment level of $15,000.