OCF, through careful management and use of volunteers, keeps expenses low while providing high quality services to donors and grantees. Each OCF fund pays a proportionate share of administrative costs of the Foundation according to an annual fee structure.
Historically, OCF's administrative fees have been among the lowest compared to community foundations nationally. In November, 2010, the OCF Board of Directors approved a modest increase in fees which will help OCF carry out its mission while keeping fees on the low side.
Current Fee Schedule
| |
Rate |
Permanent Family or Community Fund:*
|
|
| 1st $2 million |
0.95% |
| Next $4 million |
0.85% |
| Next $14 million |
0.55% |
| Amounts > $20 million |
0.35% |
| |
|
Scholarship Fund:**
|
|
| 1st $2 million |
1.45% |
| Next $4 million |
1.35% |
| Next $14 million |
1.05% |
| Amounts > $20 million |
0.85% |
| |
|
Endowments for Other Nonprofit Organizations:
|
|
| 1st $1 million |
0.50% |
| Next $4 million |
0.20% |
| Amounts > $5 million |
0.10% |
| |
| *Permanent family or community funds that award scholarships are assessed an additional fee for scholarship administration. |
Minimum annual administrative fee for an advised fund is $475.
Funds with special grant programs are assessed an additional fee of 0.25%(maximum of $25,000 additional fees).
|
| **OCF administrative fee is adjusted for scholarship funds that make annual awards greater than or less than OCF’s 4.5% payout rate. |
| |
| (Rates shown do not include investment management costs.) |
Investment Management Costs
OCF allocates costs associated with investment management proportionally to the individual funds included in the investment pool. Costs include fees paid for professional management, independent investment consulting fees, and legal fees associated with the investment program.
Fees of individual managers vary depending on the type of assets being managed (e.g. management fees for fixed-income investments are typically lower than fees for equity investments) and the size of the portfolio managed. Total investment costs fluctuate depending on how assets are allocated among managers and among investment categories.
OCF’s investment returns are stated net of investment management costs.