JuliePosey

Comments

We use as follows: Group —> Type of Fund (FOI, Scholarship, Unrestricted, DAF, Scholarship, etc.) SubGroup —> Permanent, Non-Permanent, Operating/Administrative, Special Project Division —> Affiliate Fund or Main Foundation Fund Segment —> We don't use at this time.

in How does your organization break down fund groups, subgroups, divisions, and segments? Comment by JuliePosey January 10
@BrittanyKennedy Our administrative fee for endowed scholarship funds (minimum balance of $25,000): 1.0% per year on first $500,000 .5% per year on portion $500,000 - $1 million .25% per year on portion $1 million - $3 million Flat rate fee available per year on $3 million+ Minimum annual fee: $200; $500 if "high activity"

in Scholarship Fund Minimums and Admin Fees Comment by JuliePosey July 2021