The administration of more than 600 component funds making up The Community Foundation for Greater New Haven is the responsibility of the professional staff. Generally, not more than 1% of a trailing 4-quarter market average calculated annually is charged to endowed funds for administrative, investment, and philanthropic services provided by The Community Foundation.
Due diligence is conducted by The Community Foundation staff to insure that nonprofits receiving grants are in good standing, and that all appropriate audit, tax filing, and related reports are complete.
The Foundation provides organization endowment services for 501(c)(3) organizations, and all other exempt organizations considered on a case-by-case basis, subject to Board of Directors’ approval.
Effective 1 January 2007, The Foundation implemented a new fee policy for all organization endowment funds. For organization endowment funds with a market value less than or equal to $100,000, an annual fee of $25.00 is assessed.
For information on fees associated with agency funds with a market value greater than $100,000, please contact Angel Fernandez-Chavero in philanthropic services . |
