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Funds Fee Schedule 2007
Named Funds (Unrestricted, Field of Interest, Designated)
Minimum to establish: $10,000
Fee: 120 basis points administration and investment management
Donor Advised Funds
Minimum to establish: $10,000
Multiple successor generations allowable
Fee: 120 basis points administration and investment management
Designated Agency/Organization Endowment Funds
Minimum to establish: $10,000
Fee: 120 basis points administration and investment management
Scholarships Funds
Minimum to establish: $25,000
Fee: 120 basis points administration and investment management
Supporting Organization
Minimum to establish: $1 million
Spending Policy: Determined by Supporting Organization board
Fee: 50 basis points administration if managing their own funds or
120 basis points administration if the Foundation manages funds
Charitable Remainder (Uni- or Annuity)Trust (Gulf Coast Community Foundation of Venice as Trustee)
Minimum to establish: $100,000
Minimum Remainder to Gulf Coast Community Foundation of Venice: $100,000 or 50%, whichever is greater.
Fee: No set-up fee; no management fee; investment fee as determined by investment manager.
Gift Annuity
Minimum to establish: $25,000 (100% remainder to Foundation fund(s) of donor’s choice)
Fee: No set-up fee; no management or investment management fee
NOTES:
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- While administration and investment management fees for the Foundation are set at the above referenced basis point schedule, investment management fees for assets managed by donors' own advisors can vary.
- The Foundation's 4% spending policy remains in effect.
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