FEE SCHEDULE

The Greater Tacoma Community Foundation assesses fees on each of its Funds to cover administrative costs.  The fee for Endowment Funds is 1.75% of the rolling market value of the fund averaged over the previous 16 quarters.  For Non-Endowment Funds, a fee of 2% is assessed on the contribution received.  No set up or minimum fee is charged.

An annual investment fee paid to our investment managers is in addition to the aforementioned administrative fees.  The investment fee for permanent funds is currently at .65%.  That percentage may change slightly from time to time as the Foundation’s Investment Committee selects new investment managers.  Non-permanent gifts are invested differently and so the investment fee may vary.  We can provide a calculation on request.

There is a small annual investment consultant fee assessed on a prorated basis to all endowment funds and amounts to about $72 per $100k of endowment per year (approximately .07%).

Examples:

Sample Endowed Fund                                                         

$    250,000                 1^st qtr fund balance                                  

$    255,000                 2^nd qtr fund balance

$    260,000                 3^rd qtr fund balance

$    265,000                 4^th qtr fund balance

$ 1,030,000 ÷ 4 = $257,500 (ave. fund balance) x 1.75% = $ 4,506   (administrative fee)

                                                                      x   .65% = $ 1,674   (investment costs)

                                                  $    185   (investment consultant fee)

                                                                                      $ 6,365   (total fees)

Sample Non-Endowed Fund

$ 10,000 contribution x 2% = $   200 administrative fee

$ 50,000 contribution x 2% = $1,000 administrative fee

$ 25,000 contribution x 2% = $   500 administrative fee

$ 85,000 total             x 2% = $1,700  total administrative fees