Donor Advised Funds & Scholarship Funds
Minimum contribution to add to account $250
Minimum fund size for donor to be allowed to name a successor is $100,000.
|For endowed funds requiring the Standard level of service, fees are:
2% for first $500,000
1.75% up to $2 million
1.50% over $2 million
Note: Fees include all investment management expenses.All investment earnings are retained.
Mixed funds have both endowed and pass through capacity and will be charged the same fees as non-endowed funds until the endowed portion of the fund reaches $25,000.Thereafter, mixed funds will be charged in accordance to the endowed fund fees.All investment earnings are retained once endowment fund reaches $25,000.
Funds requesting an additional level of service will be charged a set fee based on an hourly rate for these services.
Funds can start with a minimum of $10,000 but must grow to $25,000 before granting. Donor has five years to get account to $25,000 or it rolls into the Community Grant Fund.