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DONOR ADVISED FUNDS
FIELD OF INTEREST FUNDS
DESIGNATED FUNDS
GRANTING FROM YOUR FUND
MANAGEMENT AND INVESTMENT OF YOUR FUND
SCHOLARSHIPS
AWARDING SCHOLARSHIPS
MANAGEMENT AND INVESTMENT OF YOUR FUND
LET US SUPPORT YOUR PHILANTHROPY
ADDING TO YOUR FUND
OPPORTUNITIES TO BUILD PHILANTHROPY IN SW WASHINGTON
ARE YOU INVOLVED WITH A NONPROFIT?
RESOURCES
Glossary
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Our goal is to increase dollars available for grantmaking while ensuring that your fund’s balance grows over time.
Our investment program benefits from the expertise of a volunteer Investment Committee. All committee members are well versed in investment strategies, trends, and issues. Appointed by the Board, the Committee meets regularly to review and rebalance our portfolios.
Our independent investment advisor, Arnerich Massena & Associates, guides, monitors, and oversees investments and are paid on a flat-fee basis. That is, they do not receive a commission on the investments made. The invested funds are held at U.S. Bank. The Bank has no authority over investment choices.
This separation of investment advice from day-to-day custody, coupled with the expertise of the Investment Committee, ensures that the Community Foundation receives the highest quality advice and management of its investment portfolios.
| As a steward of endowments, our investment program is designed for long-term results. To meet this goal, the Community Foundation’s Board of Directors has established an annual investment return goal of at least 9 percent. Years of investment growth buffer inevitable market downturns. |
Service and Investment Fees
Service Fees
The Community Foundation assesses a sliding-scale service fee on all funds. This fee helps defray the administrative costs associated with managing your fund and providing top quality donor services.
The sliding-scale fee is adjusted at least quarterly for fund balances that have changed.
| Fund Balance |
Fee Rate
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| $0 – $24,999 |
≈ 1% of $24,999
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| $25,000 – $99,999 |
≈ 1.25% of $25,000
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| $100,000 – $499,999 |
1.00%
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| $500,000 – $999,999 |
0.90%
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| $1 million – $1,999,999 |
0.80%
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| $2 million and over |
0.75% |
Investment Fees
The Community Foundation assesses a 60 basis point investment fee on all funds. This fee covers the costs of our investment program. Charging an investment fee is standard procedure in community foundations.
| The Community Foundation’s Board is committed to complete transparency. We disclose all fees associated with the investment and management of your fund. There are no “hidden” additional costs. |
For assistance, contact Anne Digenis or Kristen Turek, Donor Services Officers, at 360.694.2550 or by using our Contact Us Online form.
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