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Administration Fees

Administrative Fee Schedule

The Central New York Community Foundation derives revenues to pay for our operations and grants from three sources: contributions (both made outright and through transfers from donor-advised funds), investment returns and fees charged to constituent funds.

 

Donor-Advised Funds

Non-participating: No fee charged. All investment returns accrue to our operating fund. Minimum balance: $10,000.

Participating: Funds receive pro rata share of net investment return. Minimum balance: $25,000. Annual administrative fee shall be the greater of $500 or 1.0% on funds with balances between $25,000 - $500,000.
  • 1.00% (or $500, if greater) on the first $500,000
  • 0.75% on the next $1,000,000
  • 0.50% on the next $1,000,000
  • 0.25% on the amount over $2,500,000

 

Permanent Funds

Unrestricted Funds and Quasi-endowment General Funds: These funds are not charged a fee, but are included in the annual grant spending policy calculation. Currently, 4.4% per year is used to support operations and Community Fund grantmaking.

Field-of-interest Funds: Funds are disbursed through Community Grants program or through Committee-advised grants processes. The annual administrative fee is 1.0%.

Designated Funds: Disbursement wishes are established by the donor in a letter of agreement to make grants to one or more specified charitable organizations. The annual administrative fee is 1.0%.

Scholarship Funds: Grants are determined according to fund purpose or in connection with fund advisory committees. The annual administrative fee is the greater of $250 or 1.0% on the
fund balance. Minimum balance for endowed fund: $25,000.

Endowment Funds Held For Other Agencies

These funds are established by nonprofit agencies rather than individual donors, for the exclusive benefit of the individual agency. They are not counted as net assets of the Community Foundation and are recorded as liabilities on our balance sheet. The annual administrative fee is:
  • 0.75% on the first $1,000,000
  • 0.50% on the next $2,000,000
  • 0.25% on the amount over $3,000,000

 

Special Projects and Pass-Through Funds

From time to time, the Community Foundation is asked to be a fiscal sponsor for a special project. We may be asked to administer a fund that will serve as pass-through for a particular project. These funds may have a large number of contributions, disbursements or both. Our fee will be 2-10% of the contributions received, as determined on a case-by case basis, based upon the nature of the work required by the Community Foundation.

 

Learn More:

Why Partner With Us
Types of Assets
Legacy Planning
Administrative Fees
Request a Meeting


Watch Video: What is the Central New York Community Foundation?



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