Administrative fees support the Foundation's work as a steward of charitable resources and a provider of wide-ranging community services. There is no fee to establish a fund.

The administrative fee is an annual rate based on the type of fund and is assessed quarterly on the average daily balance of the fund for the previous quarter. All fees are calculated quarterly according to the fee schedule below or a minimum of $250 per year, whichever is higher. This minimum fee will be waived on selected new funds for the first full year from the date of the fund’s establishment.

Funds may also be charged for direct costs incurred on behalf of a fund, such as appraisal fees, legal fees, and probate costs. Funds also are apportioned a fee by our investment managers.

Please contact giving@thelcfoundation.org with questons or for a current fee schedule.