Administrative and Investment Fees

There are costs associated with administering a fund at the Community Foundation.   These costs include the bookkeeping and auditing of each fund as well as staff time devoted to investment oversight, making grants, acknowledging contributions, and exercising the required due diligence over grants to nonprofits or scholarship recipients.  The Foundation, therefore, charges a modest administrative fee to help pay for these professional services.

With support from these administrative fees and direct gifts for operations, the foundation can respond to community needs, convene organizations around important issues, track community trends and serve as a conduit to bring new charitable resources to the region.   

In this sense, fees are more than simple charges for the delivery of professional services associated with funds; they are an important contribution to the community itself.

There is no fee charged to set up a fund at The Community Foundation, nor are there transaction fees.   We do charge an annual administrative fee of 1.25% (1% for agency endowments) of the fund’s value.  Investment fees are approximately 8/10 of 1%.   Annual statements reflecting fund activity for the year are sent to all fund holders.