Fee Schedule

Administrative Fee Schedule

This administrative fee schedule applies to all funds of the Mid-Shore Community Foundation. These fees are used to support the Community Foundation's operating expenses. Through economies of scale, MSCF is able to charge nominal fees, compared to the cost of establishing and maintaining a private foundation.

Annual administrative fees are assessed on the market value of endowed fund assets: 1.25% for funds up to $500,000; 1.00% for funds up to $5,000,000; 0.75% on funds above $5,000,000

Multiple funds established by the same donor-advisor(s) may not be combined for purposes of calculating fees.

The above annual fees are assessed quarterly, based upon the average fair market value of assets at the time of assessment.

Provisional Fees

Short-term "Provisional" funds that are established solely for pass-through purposes will be charged a flat fee at the time each deposit to the fund is made. Such fees will range from 2.5% to 10%, depending upon the extent of fund management time that is estimated to be required. Lower fees may be negotiated if the transfer activity is nominal.

In addition, no interest earnings will be credited to provisional funds. The exceptions to this are funds that maintain at least $50,000 in assets and which are held by MSCF for six months or more. In such cases, they may be allocated the return from cash equivalent investments.

Multiple funds established by the same donor-advisor(s) may not be combined for purposes of calculating fund fees.

Fees for Additional Services

For funds with less than $5 million in assets, the standard fee covers up to 10 transactions per year. A transaction is defined as any distribution of any size from a fund; or as any gift to a fund that is smaller than $250. Funds that will have more than 10 such transactions may be assessed a mutually agreed-upon additional fee.

Funds will also be charged for any extraordinary direct expenses incurred on their behalf, such as a commission for the sale of contributed stock or expenses associated with the sale of a gift of property. Additional fees may be assessed for extra services such as special grant processing, program development and management, scholarship review, extraordinary technical support, or other non-standard services.

Waiver or Discounting of Fees

MSCF fees are never waived or discounted for funds under $1 million. Fees may be negotiated for larger endowments where the amount of staff time required will be nominal.

On occasion, when dealing with issues of overriding civic interest and at the request of the Grants Committee, the full or partial equivalent of an annual fee may be returned to a targeted nonprofit agency or charitable program as a grant.