Grand Rapids Community Foundation

For good. For ever.

Administrative Fee Schedule for Funds

Investment Manager Fees are assessed as a percentage of total market value (M/V), generally less than one percent. All administrative fund fees are per the fee schedule or a minimum of $250 per year, whichever is higher. Funds are also charged for direct costs incurred by the fund, such as appraisal fees, legal fees and probate costs.

Type of FundDescriptionFee
Named Fund for the Community GoodAs community needs change, so will the programs that the fund supports. Minimum gift: $50,0001% of M/V
Field of InterestDonors select a specific area of interest, such as the arts, environment, children or health, and establish a fund to benefit it. Minimum gift: $50,0001% of M/V
Legacy Donor AdvisedAllows individuals, families or businesses to recommend nonprofits and programs to receive grants while growing the principal. Minimum gift: $50,000First $1,000,000=1% of M/V
Next $1,000,000=.75% of M/V
Next $1,000,000=.50% of M/V
Balance=.25% of M/V
Dynamic Donor AdvisedEstablished with a gift of $250,000 or more, $50,000 is endowed with the remaining balance available for immediate grantmaking. Minimum gift: $250,000First $1,000,000=1.5% of M/V
Next $1,000,000=1.25% of M/V
Next $1,000,000=1% of M/V
Balance=.75% of M/V
ScholarshipA board-approved volunteer committee reviews applications for the scholarship and selects the recipients based on your criteria. Minimum gift: $50,0001-2% of M/V:
$250,000+ and >50 apps=2%
<$250,000 and >50 apps=1.5%
<$250,000 and <50 apps=1%
Separate application form/process=.5% additional
Nonprofit EndowmentProvides endowment funding for a specific nonprofit organization, and can be set up to allow the organization to continue to build the fund over time. Minimum gift: $50,000.5% of M/V +$15 per gift processed if over 10 per year
Charitable Gift AnnuityDonors who establish a charitable gift annuity receive a life income in exchange for their charitable gift. Minimum gift: $10,000.25% of M/V

Investment Fees

The Community Foundation works to keep its investment fees as low as possible by using institutional funds and a master custodian. Fees will be less than 1 percent.

For questions about the Community Foundation’s fees or to obtain additional information, please call our finance department at 616.454.1751.

© Grand Rapids Community Foundation - 185 Oakes Street SW - Grand Rapids, Michigan 49503 - 616.454.1751

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