The Community Foundation of Orange and Sullivan

30 Scott’s Corners Drive, Suite 202
Montgomery, NY 12549
Ph: (845) 769-9393
Fax: (845) 769-9391
e-mail:
Admin@CFOC-ny.org

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What is a Community Foundation?

FEES AT CFOS

Each charitable fund established at the Community Foundation of Orange and Sullivan is charged an Administrative Fee and an Investment Management Fee.

ADMINISTRATIVE FEE:
The following fee schedule has been in place since inception of The Community Foundation of Orange and Sullivan in 1999 and remains effective:

FOR:

DESIGNATED FUNDS
DONOR ADVISED FUNDS
FIELD OF INTEREST FUNDS
ORGANIZATIONAL (AGENCY) ENDOWMENT FUNDS
SCHOLARSHIP FUNDS

The annual fee charged is 1% based on an average daily balance as of the last day of each calendar quarter. The fee is charged to each fund at a rate of ¼% of 1% on the last day of each calendar quarter.

PASS THROUGH GIFTS

2% based on highest period amount

Please note:
The minimum annual fee for ALL funds listed above is $100/year or $25/quarter.

Additional Note:
Effective 3/15/06, all funds will be charged an additional fee of $75/hour for work that is over and above normal work for that type of fund. (For example: fundraising events such as golf outings and dinner dances that require significant administrative work in the acknowledgement of gifts and in the accounting and processing of gifts.)

INVESTMENT MANAGEMENT FEE:
Hudson Valley Investment Advisors, Inc. charges the Community Foundation a discounted rate to manage the investment portfolio. This fee is passed along to each donor fund at a pro-rated rate.

.85% on first $1 million
.75% on next $2 million
.50% on the balance

The investment management fee is calculated on the average daily balance as of the last day of each calendar quarter.

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