Each year the Finance and Investment Committee reviews the fee schedule and recommends revisions as needed. The Foundation charges an administrative fee of 1% (2% for scholarships) of the average market value of the fund for the twelve trailing quarters ending September 30 of the previous year.
We understand the desire to start a fund but needing more time to come up with the capital. We created a Seed Fund program, which gives donors three years to raise sufficient funds to reach full endowment. For more, see this page.
Our spending policy is 4.5% of the fund balance averaged over 12 rolling quarters.