What are the fees? Do I have to pay any fees out of pocket?
Charitable administration fees cover grant making, asset management, recordkeeping, annual audits, tax filing, quarterly statements, insurance, and various other operating expenses. CFWG’s administrative fees are typically 1.25%, with the total fee amount determined by the market value of the fund. The fee is calculated and assessed on a quarterly basis and is similar to fees charged by community foundations throughout the nation. A fee schedule will be provided to you when you open your fund. All fees are collected from the investments, so you need not pay any amount out of pocket.