Fees

Foundation Support Fees

The Foundation Support fee enables OCCF to serve both our donors and our community well. Fees vary according to fund type and size and covers all costs associated with fund support and administration, including receipt and tax acknowledgment of contributions, grant processing, and a full array of customized donor services including research on issues and/or specific organizations, site visits and strategic giving planning.

In addition to supporting the robust services that donors receive at OCCF, Foundation Support fees strengthen our capacity to serve our community and bolster the impact of nonprofits serving a broad spectrum of local needs. Our donors can take comfort in knowing that the support they provide to the Community Foundation when they choose us as their philanthropic home is being leveraged and multiplied for the good of our community.

Investment Fees

Each fund is allocated its proportionate share of investment fees charged by investment managers and the investment consultant.

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Donor-Advised Funds ($25,000 minimum)

Non-Endowed Funds

Non-endowment funds have no permanent principal balance and are immediately available for grant distribution.
2.00% on the first $1 M
1.00% on amounts from $1- 5 M
1.00% flat on funds over $5 M
0.75% flat on funds over $7.5 M
0.50% flat on funds over $10 M
0.35% flat on funds over $25 M
0.25% flat on funds over $50 M

Endowed Funds

Endowment funds are pooled for maximum benefit and invested to achieve long-term capital growth. An annual payout is available for annual grant distribution.
1.00% on the first $1 M
0.75% on amounts from $1- 5 M
0.75% flat on funds over $5 M
0.50% flat on funds over $7.5 M

Field of Interest Funds ($250,000 minimum)

Field of Interest Endowed Funds

Supports a specific charitable area such as arts & culture, education, the environment or health & wellness.
1.50% on the first $1 M
1.00% on amounts from $1- 5 M
1.00% flat on funds over $5 M

Nonprofit Funds ($25,000 minimum)

Nonprofit Endowed Funds

Established by a nonprofit for the charity’s own benefit. An annual scheduled distribution payout is available.
0.75% on the first $5 M
0.50% flat on funds over $5 M

Designated Nonprofit Funds

A donor designates a specific nonprofit organization to receive an annual scheduled distribution payout.
1.00% on the first $1 M
0.75% on amounts from $1- 5 M
0.75% flat on funds over $5 M

2023 Payout Policy

Unless otherwise specified in a governing fund agreement, the 2023 payout policy for an endowed fund is 4.5% of the fund’s value, based on a 16-quarter rolling average calculated as of December 31, 2022.  Disbursements from an endowed fund’s principal (the total of all contributions to the fund) will be allowed – provided, however, that under no circumstances will the total distributions from the endowed fund (disbursements plus OCCF’s support fee) exceed 7% of the fund’s value, based on a 16-quarter rolling average calculated as of December 31, 2022.

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Tracy Branson, CPA Chief Financial Officer

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