Freeport Community Foundation

Schedule of Annual Fees

  1. UNRESTRICTED, FIELD OF INTEREST, DESIGNATED ENDOWED, AGENCY ENDOWED AND DONOR ADVISED FUNDS

Two percent (2%) on the account balance.

Co-mingled*

Up to $50,000 2.00%

$50,001 to $100,000 1.50%

$100,001 to $500,000 1.00%

$500,001 to $1 million 0.90%

1 million to $2 million 0.85%

Above $2 million 0.75%

II. DONATIONS RESTRICTED FOR GRANTS (I.E. PASS THROUGH)

2-5% on the account balance

As defined in the Agreement

III. SCHOLARSHIP FUNDS

Two percent (2%) based on the account balance

Co-mingled*

All fees will be assessed and deducted semi-annually from each fund based on the account balance as of the end of June and the end of December. Fund statements will be provided semi-annually. Fees shall be based on the market value of the fund. Fees assessed to each fund are to cover the administrative expenses, including customary legal fees, investment transaction fees, marketing and advertising and other normal operating expenses of the Foundation. A minimum annual fee of $200.00 will be assessed.

If an ACORN Fund, fees will not be charged until the value of the Fund reaches $10,000 and becomes permanent.

*Accounts that are not co-mingled but are managed separately may be charged additional transaction fees.

Approved 5/24/11; Revised 9/12/13, Revised 7/17/14