Fees
Management of The San Diego Foundation’s cash and marketable securities is the responsibility of our Investment Committee, comprised of carefully selected professional, knowledgeable volunteers. Foundation volunteers and the firms they work for are ineligible to manage foundation assets. With the support of professional staff and consultants, the committee retains money managers that specialize investing within specific categories of assets. Each manager is held to defined performance benchmarks.
Foundation Support
A foundation support fee is taken out of a fund’s distributable amount. Fee dollars are used for such purposes as grant research, community dialogue and other efforts aimed toward the goal of improving the quality of life in San Diego.
Fund Types & Fund Classifications
| Type of Fund |
Purpose |
Endowment Fee* |
Non-Endowment Fee* |
Minimum to Start a Named* Fund** |
Governance |
| Advised |
To support qualified nonprofit organizations |
1% |
1.5% |
$25,000 |
Founder and/or his/her designees recommend grants to the Board of Governors, which accepts the recommendations as long as the grants are to qualified nonprofits or public agencies. |
| Agency |
To support a qualified nonprofit organization |
.5% |
N/A |
$50,000 |
Fund is established by the organization receiving the grants. Once or twice a year, grants are made to the designated organization after approval by the Board of Governors. |
| Common Good |
To address the changing needs of the San Diego community |
1% |
1.5% |
$25,000 |
Professional staff and volunteer experts recommend grants to the Board of Governors based on an extensive research and vetting process. |
| Corporate |
To support qualified nonprofit organization(s) |
1% |
1.5% |
$25,000 |
Corporate representatives recommend grants to the Board of Governors, which accepts the recommendations as long as the grants are to qualified nonprofits or public agencies. |
| Designated |
To support a specific nonprofit organization(s) |
.5% |
N/A |
$25,000 |
Fund is established by an individual or organization other than the organization receiving the grants. Grantee(s) may not be changed after the fund is established. Once or twice a year, grants are made to the designated organization(s). |
| Field-of-Interest |
To address a particular geographic region or issue |
1% |
1.5% |
$25,000 |
Advisory committee where no one donor has more power than others recommends grants to the Board of Governors. |
| Mitigation |
To support a specific nonprofit organization to manage open space |
.75% |
.75% |
$25,000 |
Endowment. Nonprofit habitat manager is identified upfront but can be changed by advisor later. Advisor may also choose to recommend actively or passively (i.e., automatic payments in March and/or September).
Non-Endowment is a temporary fund for major habitat work in addition to creating an endowment or converting to endowment later. |
| Scholarship |
To support a particular person selected from a qualified applicant pool (grant made to the institution and the individual) |
2% |
2% |
$25,000 |
Founder and/or his/her designees as well as a separate committee or the Scholarship Selection Committee recommend grants to the Board of Governors. |
| Legacy |
To support qualified nonprofit organizations or areas of interest |
See fees outlined above for each type of fund. In addition, a one-time fee of 1% is assessed upon receipt. |
See fees outlined in the table above for each type of fund. In addition, a one-time fee of 1% is assessed upon receipt. |
none |
Funds may be established now with no assets, to serve as a holding place for an estate gift.
See Governance options for each fund type fund type above. |
*Fees decrease at the $1 million and $5 million levels. Consult a member of the Charitable Giving Team for more information.
**Gifts of any size are accepted to existing funds
Professional Money Management, Custodial and Reporting Expenses
To ensure that funds are managed to balance risk and return, The San Diego Foundation’s Investment Committee employs the services of professional money managers to invest these funds. The San Diego Foundation also incurs expenses to provide custodial and reporting services, a portion of which are reimbursed. Earnings are posted to each fund net of these expenses. This information is provided in the spirit of full disclosure.
| |
|
| Endowment Funds |
= up to .90% annually |
| |
Pool A: Basis Points |
Pool B: Basis Points |
Pool C: Basis Points |
| Non-Endowment Funds |
= Currently up to .55% annually
|
= Currently up to .55% annually |
= Currently up to .80% annually |
Fees are charged monthly at a rate of 1/12 per month. A minimum of $250/year will be charged against each type of fund for foundation support. Any out-of-pocket expenses paid by The San Diego Foundation on behalf of a gift, including but not limited to legal fees, maintenance, or costs associated with the sale of real estate, are charged against the fund. Direct expenses may specifically be associated with scholarship funds.
As of 10/20/2011