The administrative fee schedule below applies to the funds of the Greater Des Moines Community Foundation. Through economies of scale, the Foundation is able to charge minimal fees compared to the costs of establishing and maintaining a private foundation or administering and investing funds as an individual organization. Greater Des Moines Community Foundation administrative fees are based on the services offered for each type of fund. The minimum to establish a fund is $10,000.
Donor Advised, Unrestricted, Field of Interest and Designated Funds:
|
% of fund balance |
| For assets up to $1 million |
1.00% |
| For the next $1 million |
0.50% |
| For assets over $2 million |
0.25% |
Agency Endowment Funds:
| For assets up to $2 million |
0.50% |
| For assets over $2 million |
0.25% |
Passthrough and Scholarship Fund administrative fees will be determined on a case-by-case basis.
- Minimum annual fund fee is $250 per year (except for newly established funds in which the minimum fee is prorated over the number of months the fund is established).
- Funds will be charged for any extraordinary direct expenses incurred on behalf of a specific fund (such as commissions for sale of contributed stock, legal fees, mailings, etc.).
- Additional fees may be assessed for other services such as large numbers of transactions, special grant processing and review, or other non-standard services.
- Fees for donor advised fund – whose income and principal are available for distribution – will be the greater of either the fee above or the applicable percentage applied to distributions made during the period.
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