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Administrative Fees PDF Print E-mail

All funds in The Trust, regardless of type or size, are assessed the same annual administrative fee. As a nonprofit, and because we manage a large number of funds, we are able to keep our fee low.

  • Currently, the fee is 2.5 percent of grants paid or 5/10 of one percent (or 50 basis points) of the fund’s market value, whichever is greater.
  • This fee is taken quarterly, at 1/10th of a percent of the fund’s current market value, for a total annual fee of 5/10 of one percent.
  • At the end of the year, if this sum is less than 2.5 percent of grants paid, then the difference will be withdrawn during the first quarter of the following year.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.

 
visiting-nurse
How We've Helped
Instrumental in the start up of well-known organizations

Visiting Nurse Service of Nassau County
Our mission statement is:

To promote the health and well-being of patients and families by providing high-quality, cost-effective health care in the home and community.

To be a leader in the development of innovative services that enable people to function as independently as possible in their community.

To help shape health care policies that support beneficial home- and community-based services.

To continue our tradition of charitable and compassionate care, within the resources available.

Long Island Community Foundation
A Division of The New York Community Trust
at Nassau Hall, 1864 Muttontown Road,
Syosset, New York 11791
Phone (516) 348-0575
© 2009 Long Island Community Foundation