Administrative Fees

There are costs associated with administering a fund at the Maine Community Foundation. These costs include the bookkeeping and auditing of each fund as well as staff time devoted to investment oversight, making grants, acknowledging contributions, and exercising the required due diligence over grants made from funds to nonprofits or scholarship recipients. MaineCF charges administrative fees to help pay for these professional services.

With support from these administrative fees, the foundation can respond to community needs, convene organizations around important issues, track community trends around the state and serve as a conduit to bring resources into Maine. In this sense, fees are more than simple charges for the delivery of professional services associated with funds; they are an important contribution to the community itself.

New funds are assessed a one-time set-up fee of $250. Unless otherwise noted, fees are based on the principal balance calculated each quarter.

Download MaineCF Administrative Fees in pdf format.

 

The Current MaineCF Fee Schedule

 

Fees as Percent of Fund Balance

Fund Type Up to
$1 million
The next
$2 million
The next
$2 million
The next
$5 million
Over $10 million
and up to
$25 million
Over
$25 million
Donor Advised
Endowed 2
1.10% 0.90% 0.25% 0.25% 0.20% 0.10%
Donor Advised
Not Endowed 2
1.25% 1.10% 0.25% 0.25% 0.20% 0.10%
Field of Interest 1.50% 1.30% 1.00% 0.75% 0.75% 0.10%
Designated 0.85% 0.75% 0.25% 0.25% 0.20% 0.10%
Agency Nonprofit
Funds1
0.85% 0.75% 0.25% 0.25% 0.20% 0.10%
Scholarships 1.50% 1.30% 1.00% 0.75% 0.75% 0.10%


1
Nonprofit agencies may establish sub-funds, which are not subject to an annual minimum fee.

2Community field-of-interest funds fall under this category.

Adopted by MaineCF Board of Directors on May 8, 2015