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The Hartford Foundation’s administrative fees are among the lowest of all community foundations.


Administrative fees are calculated on the principal balance of each fund and are charged directly to the fund. They cover the services provided by the Foundation’s staff and other administrative costs. Since the fees are spread over a substantial asset base, the fees to any one fund are modest.

In addition to administrative fees, the Foundation incurs investment-related fees, which are netted out of investment results before fund balances are reported to the donor.

The total cost of the Foundation’s investment-related activities on an annual basis generally ranges from 85 to 95 basis points of the endowment portfolio average market value. Of this total cost, the cost of the services of the professional investment managers retained by the Foundation represents approximately 65 to 75 of the total basis points. The remaining costs relate to the custody of the assets, investment consulting services, and the administrative fees of the Trustee (if applicable to a given fund). 

 

Administrative Fees

TYPE OF FUND ADMIN. FEE IN BASIS POINTS (1)
Unrestricted Fund 100
Field of Interest Fund 100
Donor-Advised Fund 120 (first $500,000), 90 (next $500,000 to $1 MM), 85 (next $1 MM to $1.5 MM), 60 (next $1.5 MM to $4 MM), 55 (over $4 MM)
Named Award in the General Endowment Scholarship Fund 140
Individual Scholarship Fund 150
Designated Fund / Organizational Endowment 60 (first $1MM), 45 (next $1 MM to $2 MM), 35 (over $2 MM)
Build-Up Fund 60

 

effective January 1, 2010


(1) A basis point is one one hundredth of 1% (.01%).

Fund Minimums

TYPE OF FUND MINIMUM TO CREATE A FUND 
Unrestricted Fund $10,000
Field of Interest Fund $10,000
Donor-Advised Fund $25,000
Named Award in the General Endowment Scholarship Fund $10,000
Individual Scholarship Fund $50,000
Designated Fund $10,000
Build-Up Fund $1,000

 

 

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