Administrative Fees, FY 2019

Administrative fees apply to all funds of the Mid-Shore Community Foundation.  The fees are reviewed by the Board of Directors on an annual basis and are subject to change.  Fees are assessed monthly and there is an annual minimum fee of $250.

Endowed Charitable Giving Funds
(Donor Advised, Designated and Field-of-Interest Funds) 
Annual administrative fees, based on the fair market value of endowed fund assets:  1.25% on the first $500,000 and 1.00% on amounts over $500,000.  For newly established funds, the fee will be prorated over the remainder of the fiscal year.

Nonendowed Charitable Giving Funds 
(Donor Advised, Designated and Field-of-Interest Funds) 
Annual administrative fees, based on the fair market value of nonendowed fund assets:  1.75% on the first $500,000 and 1.25% on amounts over $500,000.  For newly established funds, the fee will be prorated over the remainder of the fiscal year.

Scholarship Funds
Scholarship Funds are charged an annual administrative fee of 1.75%, based on the fair market value of the fund assets.  For newly established funds, the fee will be prorated over the remainder of the fiscal year.

Organizational/Agency Endowment Funds
Funds established by nonprofit organizations will be charged an annual administrative fee of .75%, based on the fair market value of the fund assets.  For newly established funds, the fee will be prorated over the remainder of the fiscal year.

Fiscal Sponsorships/Pass-Through Funds
Funds established solely for pass-through purposes will be charged a 10% fee on each deposit into the fund.

Fees for Additional Services
Funds will be charged for 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 services may be negotiated and charged on a fee-per-service basis.

Waiver & Discounting of Fees
Multiple funds may not be combined for purposes of calculating fund fees and fees are never waived or discounted for funds under $5 million.  Fees may be negotiated for larger endowments where the amount of staff time required will be nominal.