All funds in The Trust, regardless of type or size, are assessed the same annual administrative fee. Currently, the fee is 2.5 percent of grants paid or 1/2 of one percent (or 50 basis points) of the fund’s market value, whichever is greater. The fee is based on market value and taken in quarterly installments. If the fee collected by the end of the year is less than 2.5% of grants paid, then the difference will be withdrawn during the first quarter of the following year.
We also use another mechanism to keep our fees low. The income generated by each fund is put into the fund's grantmaking account (disbursing account). However, the interest earned on balances waiting to be distributed to grantees is used to defray The Trust's administrative expenses.
The minimum annual fee is $100.
The fee on an individual grant of $500,000 or more is 1%. Investment fees are modest.