Administrative Fees, or Community Investment Fees, are used by the Community Foundation to support mission-based operations. These fees are your investment in a local 501(c)(3) public charity dedicated to improving the quality of life in our community. Fees vary depending on the type of fund and fund balance, and are deducted directly from the fund each month.
In addition to Administrative Fees, Investment Management Fees are deducted from your fund monthly to cover the costs of managing the investments in your account. These fees will vary depending on the options you select for investment management when you open your fund, and the size of the fund. The Community Foundation does not receive any portion of the Investment Management Fees.
Funds may be charged for direct expenses incurred by the Community Foundation on behalf of a specific fund, such as commissions for the sale of contributed stock or legal fees. The Community Foundation may request additional fees for extraordinary services such as special grant processing and review (which may apply pursuant to a contract with the Community Foundation or after the death of the founder(s) of the Fund if no advisors are serving) or other non-standard services.
Private foundations can be costly and time-consuming. If you are considering starting a foundation, talk with us about how a donor advised fund can save you time and money and provide the same functionality as a private foundation. If you are already operativing a private foundation, the Community Foundation can help you convert your foundation to a donor advised fund for improved tax deductions and grant flexibility.
Click the button below to download a flyer that shows the benefits of a DAF as an alternative to a private foundation.