Donor Opportunities: Assessment of Administrative Fees

The Community Foundation provides a multitude of services to individual donors, charitable entities, and the community at large in Putnam County. These services are made possible through administrative fees assessed against the value of each fund within the Community Foundation.

Community Foundation Services
Standard administrative contribution fees help support the following services for each fund/donor:

• Investment services
• Accounting and IRS reporting services
• Grant and scholarship administration
• Gift administration and acknowledgement services
• Philanthropic consultation
• Grant / scholarship check-writing (up to four checks annually)
• Marketing services (may include for example, press releases,
  annual report, scholarship brochure, advertising, Share the Dream, holiday appeal, etc.)
• Quarterly activity statements
• List of fund donors (annual upon request)
• Access to planned giving information

Fees

Pass-Through (non-permanent) Fund Fees

• Rate: 2.00% of gift value
• Assessment frequency: Once per gift
• Assessment timing: In general,pass-thru funds will be assessed their proportional contribution at the end of the month the gift is received into the fund.
• Other: In general, interest income will be added to the operating fund of the Community Foundation

Gift Annuity Fund Fees

• Annual Rate: .75%
• Assessment frequency: Monthly
• Assessment method: Gift annuity fund contribution rates are per annum and will be assessed monthly as follows: 1/12 of .75% times the ending market value of the fund.

Community (Unrestricted) Fund Fees

• Annual Rate: 2.25%
• Assessment frequency: Monthly
• Assessment method: Contribution rates are per annum and will be assessed monthly as follows: 1/12 of 2.25% times the ending market value of the fund.

Administrative Endowment Fund Fees

• Annual Rate: 6.00%
• Assessment frequency: Monthly
• Assessment method: Contribution rates are per annum and will be assessed monthly as follows: 1/12 of 6.00% times the ending market value of the fund.

Restricted Endowment Fund Fees

• Effective July 1, 2005, based upon the market value of each fund on the last day of every month, restricted endowment funds will be assessed 1/12 of the annual administrative contribution on a sliding scale as follows:

Asset Value	Annual rate
First $100,000	1.0%
Next $150,000 (up to $250,000)	.8%
Next $750,000 (up to $1 million)	.7%
Next $1,500,000 (up to $2.5 million)	.6%
Over $2.5 million	.5%

Minimum Fund Fees

Effective July 1, 2006, a minimum administrative contribution fee of $120 per year will be initiated on restricted endowment funds.

Fees for Additional Services

Additional fees may be negotiated and charged to the fund on a case-by-case basis for special service requests such as:

• Special or additional fund reports ($25 per report)
• Fiscal sponsorship services
• Special or additional grant services (i.e. grant recommendations that require additional due diligence or expenditure responsibility)
• Special or additional check writing services ($25 per check)
• Special or additional scholarship services (i.e. scholarship recipient selection, certificates, etc.)
• Direct expenses incurred on behalf of a gift to a fund such as gift maintenance, fees, storage, sales, title work, etc.
• Special marketing or promotions
• Sale of real estate with real estate broker (2%)
• Sale of real estate without real estate broker (5%)

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