The annual administrative fee for endowments is based on the fund balance as follows:
1.5% $50,000 +
1.75% under $50,000
The fee for any fund above $3 million will reduce as follows:
$3-6 million = 1.0%
$6-9 million = 0.8%
$9-12 million = 0.6%
Above $12 million = 0.4%
Processing Fee on Non-Endowed Gifts
Non-endowed gifts to donor advised funds are charged a 2% processing fee.
Scholarship Cycle Administration Fee
CFNF has a $500 fee to administer a scholarship grant cycle.
Each fund pays a pro-rata share of the investment costs (approximately 67 basis points, less than 1%) annually.
NOTE: All investment returns are reported net of investment costs.
* Minimum fee may apply.