Administrative Fee Policy
The basic administrative fee charged by the Marin Community Foundation to either an endowed or expendable Family and Community Fund is 0.5% of the average market value of the fund, with a minimum fee of $500.00 per year. (Average market value is calculated using a trailing 12-quarter average value of the invested assets. MCF’s system accounts for deposits and withdrawals from a fund when calculating the fee.)
Special circumstances are explained below.
To see how our fees compare, download this comparison chart.
A fund whose assets are to be fully distributed within twelve (12) months after the fund receives a gift (pass-through gifts) will be assessed Marin Community Foundation’s basic administrative fee on the pass-through amount as well as any accrued interest or investment earnings.
In addition to the basic administrative fee, a fund that raises funds will be assessed a supplemental fee of 1% of donations if the number of donations in any year exceeds twenty-five (25).
MCF passes the fees charged by the investment managers through to each fund. These typically range between 5 and 75 basis points annually, depending on the donor's investment allocation choice between the Equity, Socially Screened Equity, Fixed Income, Enhanced Cash, and Money Market Pools.
Expense on the Sale of Gifts
When brokers, agents, or others charge fees for liquidating stocks or other assets (such as real estate) made as gifts to a fund, these fees are passed through to the fund.
Note that there is never a fee for opening any type of fund at MCF.
Fee information current as of December 24, 2012.