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Administrative Fees

All funds in The Trust, regardless of type or size, are assessed the same annual administrative fee. As a nonprofit, and because we manage a large number of funds, we are able to keep our fee low.

  • Currently, the fee is 2.5 percent of grants paid or 5/10 of one percent (or 50 basis points) of the fund’s market value, whichever is greater.
  • This fee is taken quarterly, at 1/10th of a percent of the fund’s current market value, for a total annual fee of 5/10 of one percent.
  • At the end of the year, if this sum is less than 2.5 percent of grants paid, then the difference will be withdrawn during the first quarter of the following year.

We also use another mechanism to keep our fees low. The income generated by each fund is put into the fund's grantmaking account (disbursing account). However, the interest earned on balances waiting to be distributed to grantees is used to defray The Trust's administrative expenses.

Long Island Community Foundation | A Division of The New York Community Trust
900 Walt Whitman Road | (Rt. 110) Suite 205 | Melville, NY 11747
P (631) 991-8800 | Directions | Staff | Comments on the Website

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