FEE SCHEDULE

 

The following fees are based on the size and/or type of fund and:

  • Reflect an incentive for fund-holders to grow their funds and to make them permanent. 
  • Includes all service provided by the Foundation (Roundtables, monthly reports, site visits, promotional & networking opportunities),
  • Do not include an additional fee (.65%) for professional investment management by the Harris Private Bank. 
  • Do not include negotiated fees for specialized work done on behalf of an individual fund (grant management, fundraising expertise consultation). 
  • Are charged monthly on the asset balance in the fund at that time.

 

ENDOWMENT FUNDS

Under $500,000

1.5% Annual Fee ($200 Minimum)

 

Over $500,000

1.25% Annual Fee

 

$1 million

1.0% Annual Fee

 

$3 - 5 million

.75% Annual Fee

Over $5 million

.50% Annual Fee

NON-ENDOWED FUNDS

$0 - $25,000

2.0% annual Fee ($250 Minimum)

 

Under $500,000

1.75% Annual Fee

 

$500,000

1.5% Annual Fee

 

$1 million

1.25% Annual Fee

$1 - 3 million

.85% Annual Fee

Over $5 million

.70% Annual Fee

FISCAL SPONSORSHIP FUNDS

(Funds for which RCF serves as the legal tax umbrella.)

 

2.5 - 3.0% Annual Fee ($300 Minimum)

(Depending on level of activity)

 

ACTIVE SCHOLARSHIP FUNDS

(Funds for which RCF selects and awards the scholarships.)

 

1.75 - 2.0% Annual Fee ($250 Minimum)

 (Depending on level of activity)

 

SHORT TERM FUNDS

(Assets will be distributed w/in one year.)

3.0 -5.0% Fee ($300 Minimum)

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Bequests

All bequests will have a 1.0% fee assessed

when the initial gift is received unless the donor has included an “unrestricted” portion of the gift.

 

Matching Gifts

All matching gifts will be assessed a

5.0% administrative fee to help cover costs associated with applying for and securing the matching gift.

 

Special Fees

Some special fees may be assessed for things such as changes in online giving pages or special letters/reports requested by fund advisors.