Administrative FeesThe Greater Manhattan Community Foundation's Board of Directors has established the following administrative fee schedule in order to support the Foundation's general administration and programs. As a nonprofit organization, the Foundation seeks a balance between minimizing fee income and upholding responsible fiscal practices. Further information regarding use of Administrative Fees is provided in the Foundation's financial statements, available upon request. Click here to download the Fund Administration Fee Schedule.
Annual Administrative Fee for Funds of the Foundation:The Manhattan Community Foundation shall assess an annual administrative fee of 1% or $40.00, whichever is greater, for each fund administered by the Foundation, with the exception of Scholarship Funds. The fee will be assessed monthly (.0833% per month) based on the market value of the fund as of the last day of the prior month.
The annual administrative fee will apply to all funds of the Foundation, including the following Endowed and Expendable Funds:
Annual Administrative Fee for Scholarship Funds of the FoundationScholarship funds held at the Greater Manhattan Community Foundation will be charged an annual fee of one (1) percent or $250.00, whichever is greater, for each scholarship fund administered by the Foundation. The fee will be assessed monthly (.0833% per month) based on the market value of the fund as of the last day of the prior month.
Donor Investment Advisor Administrative FeeFunds established by a donor who designates a Donor Investment Advisor (DIA) to manage the fund assets will be subject to an additional 0.20% fee, up to a maximum of $400 on the balance of the Fund. This fee is in addition to the 1% Annual Administration fee described above.
Expendable or Pass-thru Fund Administrative Fee:The Greater Manhattan Community Foundation will from time-to-time accept expendable or “pass-thru” funds in order to help donors achieve their philanthropic goals. These funds which promote or support the general charitable good of the community are established as a service of the Foundation. An additional administrative fee of 1% or $10, whichever is greater, will be charged per distribution request (when distribution, or grant, checks are written from the fund) for expendable or pass-thru contributions. This fee is in addition to the 1% Annual Administration Fee described above.
Funds may be charged for extraordinary direct expenses incurred on behalf of a specific fund, including, but not limited to: commissions for the sale of contributed stock, credit card processing fees, and direct mailings. The Foundation may request additional fees for extraordinary services such as special grant processing and review, or other non-standard services.
The Manhattan Community Foundation reserves the right to amend this fee schedule from time-to-time. Further, the Foundation reserves the right to negotiate fees with donors in extraordinary circumstances.
The Manhattan Community Foundation is a nonprofit 501(c)(3) organization, EIN #48-1215574, incorporated in the State of Kansas.
Copyright © 2008-2017 Greater Manhattan Community Foundation
The Greater Manhattan Community Foundation is a non-profit 501(c) (3) organization — EIN #48-1215574, incorporated in the State of Kansas.
Konza Prairie photographs provided by Jill Haukos, Director of Education, Konza Prairie Biological Station