|
Administrative Fees Schedule (Current
as of 5/1/08 --Subject to Change)
Applicable to Funds invested by the Union County Foundation or an approved investment
agent.
- Annual Administrative Fee assessed and collected quarterly:
- 1% of assets up to $500,000
- .8% of assets from $500,000 - $1,000,000
- .6% of assets from $1,000,000 - $3,000,000
- .4% of assets over $3,000,000
- All Funds are subject to a minimum annual fee of $150
- The Foundation will retain all income on Funds whose deposits are held less than 180 days
- The “market value” of a Fund is based on the quarterly Fund balance.
- All Funds are subject to charge-backs for unusual expenses such as printing costs, postage,
etc.
- Minimum Fund balance is $5000.
|
