Fees

Each named fund within Community Foundation of Utah is assessed administrative and investment management fees. This fee schedule is effective as of January 2010 and replaces previous schedules.

Administrative Fee: The administrative fee supports the Foundation as a steward of charitable resources and a provider of wide-ranging community services. The administrative fee is an annual rate based on the type of fund. All administrative fees are charged according to the fee schedule below, 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.  Variation from the fee schedule may be approved on a case-by-case basis.

Investment Fee: The Foundation’s professional investment managers charge separate fees to cover custody, investment management, and trading activity. Investment fees are assessed monthly on current market value. Investment performance results are reported net of investment fees.

 

Fund Type	Description	Fee
The Utah Fund	As community needs change, so will the programs that the fund supports. No minimum gift	2% of M/V
Field of Interest	Donors select a specific area of interest, such as the arts, environment, children or health, and establish a fund to benefit it. Minimum gift: $5,000	2% of M/V
Donor Advised Fund	Allows individuals, families or businesses to recommend nonprofits and programs to receive grants while growing the principal. Minimum gift: $5,000	First $500,000=1% of M/V Next $500,000 = 0.75% of M/V Next $500,000=0.5% of M/V Balance=.25% of M/V
Scholarship	A board-approved volunteer committee reviews applications for the scholarship and selects the recipients based on your criteria. Minimum gift: $5,000	As above
Nonprofit Endowment	Provides 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: $5,000.	No fee until the fund reaches $50,000. .5 % + $100 per distribution

 

• For Field of Interest and the Utah Fund, the Community Foundation of Utah Board or a separate Fund Advisory Board recommends when distributions are appropriate and amounts, recipients, etc.
• For DAFs, minimum distribution is $100 or 0.5% of M/V whichever is greater until the fund reaches $1mm in M/V.  All fees are levied quarterly, based on average M/V of the assets during the quarter.