Administrative Fees

General Policies:

1.    All donors and prospective donors will be encouraged to benefit Appalachian Ohio with their gifts and/or funds.  Funds specifically established to have an impact region-wide or in multiple localities are especially welcome.  The donor and the donor’s advisor will be advised of the existence of any local community foundation and encouraged to investigate donor options with that institution.

2.    The minimum sum needed to establish a separately identified, component fund is $10,000.00.   A one-time set-up fee is levied in the amount of $150.00 per fund established. Donors may utilize a holding account at the Foundation to deposit an amount less than $10,000.00 so long as the donor demonstrates a firm commitment to contribute the remainder of the amount necessary to establish a fund within 3 years OR within 3 years provides documentation of a deferred planned gift which when received will add the additional amount necessary to be a fund.  The minimum initial contribution to a holding account is $5,000.00.  A minimum fee of $200 is assessed annually until such time as the fund totals $10,000. Once the $10,000 minimum has been reached, the fund is elevated to full fund status and assessed an annual fee in the amount of 1.5%, regardless of fluctuations in the dollar value of the fund.. In the event the minimum fund threshold is not met within the 3-year time-frame, the Foundation may re-characterize the donor’s gift as an unrestricted gift to the Foundation.  Donors may not suggest distributions from holding accounts until the $10,000.00 fund threshold is met.
   
3.    A fund(s) minimum of $100,000.00 is required before the Foundation for Appalachian Ohio may consider utilizing a new investment agent or different Fund Grant Payout schedule.

4.    Fees will also be charged for all extraordinary legal, bank, investment or other costs, including fees established for direct program management, against the appropriate fund.

5.    Donor Advised Funds may have one generation of designated successor advisor(s). In the event a donor advisor refrains from making grant suggestions for a period of 3 years or more, the Foundation, after communicating with the donor advisor or after its reasonable attempts to communicate with the donor advisor, may re-characterize the fund as an unrestricted fund of the Foundation.

Eligible Investment Agents: All banks with trust powers having a presence in Appalachian Ohio as well as all Registered Investment Advisors and Licensed Securities Representatives with clients in the region are eligible to manage funds for the Foundation.

View detailed administrative fee table.

To request additional information regarding investment managers, fees and oversight, please contact the Foundation staff.