The annual administrative fee is based on the average daily balance of your fund:
|Balances under $5 million||0.75% (75 basis points) or $150*, whichever is greater|
|Next $15 million||0.50% (50 basis points)|
|Next $20 million||0.10% (10 basis points)|
|Balances above $40 million||0.05% ( 5 basis points)|
*Minimum annual fee for Children’s Giving Funds and Bar/Bat Mitzvah Funds with balances under $5,000 is $100.
Any fund with an average daily balance below $20,000 will be charged $12.50 monthly, based on an annual minimum fee of $150. Donors will be notified when their fund balance falls below $500. Fund balances below the minimum grant amount will automatically be transferred to the JCF Special Gifts Fund and the fund will be closed.
Investment management expenses are deducted directly from the total return of each investment alternative in your fund. To view our current investment program and corresponding management expenses, please see our Performance Comparisons of Investments chart. Other fees such as brokerage commissions or legal fees incurred in connection with the sale of contributed property may be charged to your fund. In addition, donors may request philanthropic and/or investment advisory services from a list of consultants that the Jewish Communal Fund provides. The fees for these services may be charged to the donor’s fund. Fees and expenses may change at any time.