Administrative Fee Schedule 

Administrative fees support the Foundation as a steward of charitable resources and a provider of wide-ranging community services.

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 new funds for the first full year from the date of the fund’s establishment.

Funds are also charged for direct costs incurred by the fund, such as appraisal fees, legal fees and probate costs. There is no fee to establish a fund. These fees are not inclusive of the investment management fees. This fee schedule is effective as of January 1, 2021 and replaces previous schedules.

All Funds Except Agency & Community Charitable (Unrestricted, Field of Interest, Scholarship, Donor Advised, Designated Agency, Project):

  • Assets up to $500,000:  1.0%
  • $500,001 - $1,000,000:  0.9%
  • Over $1,000,000:  0.8%
  • Over $2,000,00:  0.7%
  • Over $3,000,000:  0.6%
  • Minimum Annual Fee:  $250

Agency Funds:  

  • Assets up to $100,000:  0.5%
  • $100,001 - $1,000,000:  0.4%
  • Over $1,000,000:  0.3%
  • Over $2,000,000:  0.2%
  • Over $3,000,000:  0.1%
  • Minimum Annual Fee:  $250

Community Charitable Funds:  An annual flat management fee of $250 will be assessed at the time a deposit to the fund is made. In addition, no interest earnings will be credited to these pass-through funds.

Real Estate:  The total assets of the fund (cash and real estate) will be charged an annual administrative fee per the fund’s type and the administrative fee schedule above; and the value of the real estate assets will be charged an additional annual fee of 0.5%.

Supporting Organizations:  No fees will be charged to supporting organizations until such time as a supporting organization and the Licking County Foundation enter into a contract to provide administrative services.