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Administrative fees:
The Marin Community Foundation charges an administrative fee for funds that are housed at the Foundation.
For donor-advised, scholarship, field-of-interest, designated beneficiary, and unrestricted funds, this fee is 0.5% (50 basis points) or $500 annually, whichever is greater.
For community initiative funds (those that undertake broad fundraising efforts in the community), the administrative fee is $7,500 annually.
Investment fees:
The Foundation passes through to each fund the fees charged by the investment managers with whom MCF works. 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) that are made as gifts to a fund, these fees are passed through to the fund.
Note that there is no fee for opening any type of fund at the Foundation.
For more information on fees, please contact Sid Hartman, vice president for finance and administration, at 415.464.2513 or by email. |
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