The administrative fee schedule below applies to the funds of the Community Foundation of Greater Des Moines. Through economies of scale, the Community 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. Community Foundation administrative fees are based on the services offered for each type of fund.
Donor Advised, Better Together, Committee Directed, 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%
The fee for funds in the Charitable Investment Partners program, separately managed and under $500,000, is 1.50%.
Agency Endowment and Endow Iowa Designated Funds:
For assets up to $2 million 0.50%
For assets over $2 million 0.25%
Passthrough and Scholarship Funds:
Determined on a case-by-case basis
Other:
· 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. |
