As a donor, you have access to The Community Foundation’s array of personalized philanthropic planning and advisory services. From help designing your family’s plan to the distribution and evaluation of grants, we work with you to connect your passion for giving to the larger community.
In exchange for the services we provide to you, The Community Foundation charges an annual administrative fee against the balance of your fund. The fee for Common Good Funds and scholarship funds that are fully administered by The Community Foundation is 85 basis points (i.e. .85%) per year. For donor-advised funds, designated funds and scholarship funds where The Community Foundation does not administer the selection of recipients, the annual fee is tiered according to the following fee schedule:
- First $100,000 100 basis points
- Next $400,000 85 basis points
- Next $500,000 70 basis points
- >$1 million 65 basis points
Investment management fees are separate from our administrative fee and vary depending on the investment option requested by the donor. The Community Foundation does not receive any fee revenue from the investment management of funds that it maintains.
A donor-advised fund, designated fund, unrestricted fund, or field of interest fund for a field that the Foundation already supports, may be established with as little as $5,000 with the intent to grow the fund to $50,000 within three years. After three years, if a fund’s balance does not exceed $50,000 it will be assessed our minimum fee of $125 per quarter ($500 per year). Scholarship funds may be established with $250,000 or more. If you wish to establish a field of interest fund for a new field, the balance necessary to support its operations must be reviewed and approved by Foundation staff.
Record Keeping
The Community Foundation will:
- provide confirmations of all gifts received and grants made.
- mail all approved grants directly to your nonprofit along with a letter listing you as the person who recommended the gift (unless you wish to remain anonymous).
- provide you with quarterly investment statements listing gifts, grants, fees, and interests and gains on investments.
- provide you with an annual report listing all grants made from your fund.
- provide you with IRS form 8283 for your gifts of non-publicly traded securities and real estate. You are required to file this form with your tax return.