Dollars at Work
Supporting fees at the Bainbridge Community Foundation support the annual Community Grants Cycle, the community-based work of the foundation, and the grantmaking services provided to donor funds as well as the outside costs of fund investment and maintenance.
New Fund Minimum: $10,000
(A fund must reach this minimum before donors can award initial grants.)
Minimum Fund Balance: $5,000
(Donors will be asked to add to their fund when it falls below the minimum.)
Administrative fees are charged to each fund to help cover general operating costs for gift establishment, receipt of assets and contributions, grants and fund administration, research on nonprofit agencies and issue areas, and BCF other charitable activities. Fees vary depending on the type of fund and lower fees may be negotiated for funds established with a value greater than $1.5 million. Administrative fees are paid in arrears, collected monthly and withdrawn from the fund’s principal.
Donor Advised Funds: 1.25%
Scholarship Funds*: 1.25%
Designated Funds: 1.05%
Agency Funds: 1.05%
Area-of-interest funds: As determined by BCF Board
*CONTACT BCF FOR DETAILS. FEES MAY VARY BASED ON ADMINISTRATION.
Minimum Annual Administrative Fee: $250
(See Donor Designated and Donor Advised Funds Terms & Conditions)
Investment fees are charged to each fund to cover fees incurred for professional management of the Bainbridge Community Foundation’s investment pool. These fees are set by the managers under contract with the Community Foundation and currently average 0.80% of total market value.
Additional fees may be charged for special investing, the use of third-party professionals, or other services per the terms of agreement with fund managers.