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The administrative fee is based on the average daily balance of your fund:
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Balances less than $5 million |
0.75% or $150*, whichever is greater |
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Next $15 million |
0.50% |
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Any amounts above $20 million |
0.10% | *Any fund with an average daily balance below $20,000 will be charged $12.50 monthly, based on an annual minimum fee of $150. Fund balances below the grant minimum will be transferred to the JCF Special Gifts Fund and the fund will be closed.
Investment management fees and expenses are deducted directly from the total return of each investment alternative in your fund. Current investment management expenses are listed on our Performance Comparisons of Investments chart. Other fees such as brokerage commissions (for the sale of securities) or legal fees (e.g., to review a proposed gift of non-marketable assets) may be charged to your fund. In addition, donors may request philanthropic and/or investment advisory services from a list of consultants that the Jewish Communal Fund provides. The fees for these services may be charged to the donor’s fund. |
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