Fees for Funds
No direct charge for our services
Except in rare cases, neither you nor your client will ever pay anything to the Hampton Roads Community Foundation for our services. Not for meetings, documents, financial transfers or other services that your client will receive indefinitely.
Instead, we assess modest annual administrative and investment fees only to the charitable fund your client establishes. We do that only after he or she has received the full charitable deduction permitted under law. It's like giving a gift to any nonprofit; in this case, however, your client is making a gift that will keep on giving.
We regularly administer each fund according to the guidelines the fundholder originally chose. When appropriate, we will issue requests for proposals, review grant or scholarship requests, review donor-advised grant recommendations, audit all funds, manage all investments, file necessary paperwork, report to the fundholder, send checks to grantees or colleges for scholarship recipients and take care of all IRS filings.
You can also review our financial audits, investment information and other pertinent details. Learn more about our financials
Current fees by fund type
Fees are based on the type of fund a donor establishes. The percentages shown below are applied to a fund's trailing 12-quarter average asset value calculated as of September 30 of the prior year.
Fund Type Fee
- Unrestricted Fund 1.10%
- Field of Interest Fund 1.10%
- Designated Fund 1%
- Permanent Organizational Fund .75%
- Scholarship Fund 1.50%
- Current Use Fund* 2% plus investment earnings
- Endowed Donor-advised Fund
- Up to $1 million 1%
- $1 million to $4,999,999 .65%
- $5 million+ .50%
- $2.5–10 million .75% to .50% (plus direct costs)
- $10-25 million .50% to .35% (plus direct costs)
- $25 million + .35% to .15% (plus direct costs)
*A flat, per-grant fee on grants to charitable organizations outside the United States may be charged to Current Use Funds, which as pass-through funds.
Note: In cases where special services may require direct costs to us, your fund will provide reimbursement in addition to the annual contribution made for general support.