Donors
We are committed to maximizing our donors’ investments so their funds can issue as many grants as possible each year to benefit our community.
Administrative Fees:
- While there are no fees involved in setting up a charitable fund at our foundation, there are some small fees associated with its ongoing administration.
- Our administrative fees help cover the costs of bookkeeping and auditing associated with your fund, as well as the staff time devoted to investment oversight, grant making, acknowledging contributions and exercising the required due diligence over recipients of grants or scholarships.
- These fees, together with direct gifts we sometimes receive to cover our overhead costs, enable us to serve our donors and nonprofit partners efficiently and cost effectively. In a sense, they are more than simple charges for the delivery of professional services – they are important contributions to the community in and of themselves.
- We charge an annual administrative fee of 1.5% of a fund’s value for all charitable funds (1% for Nonprofit Organization Endowments).
- For endowed scholarship funds, the administrative fee has a minimum of 2.0%. The actual fee will be dependent upon the complexity of the fund.
Investment Fees:
Boston Trust Walden (BTW) SRI portfolio: Investment management and custody fees of .46% (46 basis points) include an investment management fee for separately managed assets and indirect compensation received by BTIM Inc., a subsidiary of Boston Trust which advises proprietary mutual funds held in the account.
The separately managed asset fee is based on the prior calendar quarter’s ending market value, including accruals, and may be adjusted to reflect significant cash flows during the quarter. Proprietary fund fees (the mutual fund expense ratio) are charged to applicable funds as detailed in the funds’ prospectus and SAI. To prevent duplicative fees on assets, proprietary fund holdings within the account are excluded from the separately managed asset market value.
Read more about Our Financial Accountability
Allow us to assist you!
Whether you are new to philanthropy or looking to do more through your giving, we can help you have a meaningful impact on the issues and communities that you care about. Please contact us for a confidential conversation.
Geoffrey Taylor, Director of Donor Relations and Lauren C. Parda, Director of Development