Fees and Minimums

Donor Advised Funds

Donors who create Donor Advised Funds may make (or may designate other persons to make) recommendations to the Foundation regarding the not-for-profit or religious organizations that are to be recipients of grants from the Fund.

Description Amount
Non-Endowed  
(grants may be made from income and/or principal)  
Minimum Balance: $10,000 on January 1 of each year
Endowed
(grants may be made only from income)
Minimum Balance:		  
 
$50,000
Annual Administration Fee*
(applied quarterly;
minimum fee of $250 per year):
  • 1.00% on the first $2 million of the balance of the fund
  • 0.80% on the next $4,000,000 of the balance of the fund
  • 0.60% on the next $4,000,000 of the balance of the fund
  • 0.40% on the remaining balance of the fund

* In addition to the administration fee, 1% of each new gift to an advised fund will be added to the Foundation's Community Grantmaking Endowment to support local discretionary grantmaking.

Discretionary and Field-of-Interest Funds

Donors who create Discretionary Funds allow the Foundation to determine grant recipients based on its assessment of the ever-changing conditions and needs of the community. Donors who create Field of Interest Funds may specify a broad category of interest (such as education, the arts, or children's health, for example) for which grants may be made.

Description Amount
Minimum Endowment: $50,000
Annual Administration Fee: 2% of the balance of the fund

Scholarship and Award Funds

Donors who create Scholarship and Award Funds may provide students and other deserving individuals with assistance for their endeavors, based on specific criteria determined by the donor.

Description Amount
Minimum Endowment: $50,000
Annual Administration Fee:  
Designated Institution: 0.5 % of the balance of the fund
Recipient selected by an advisory committee: 1% of the balance of the fund
Recipient selection assisted by the Foundation: 2% of the balance of the fund

Designated and Organizational Endowment Funds

Donors who create Designated and Organizational Endowment Funds may specify the nonprofit organization that is to receive grants annually from the Fund.

Description Amount
Minimum Endowment: $50,000
Annual Administration Fee
(applied quarterly;
minimum fee of $250 per year):
  • 1.00% on the first $2 million of the balance of the fund
  • 0.80% on the next $4,000,000 of the balance of the fund
  • 0.60% on the next $4,000,000 of the balance of the fund
  • 0.40% on the remaining balance of the fund

Supporting Organizations

Please contact John Zell to discuss fees and minimums.


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