Each fund held by the Foundation is assessed a small annual administrative fee to help cover the cost of services such as gift processing and receipting, credit card fees, fund administration, cash management, and others.
The UMF Board of Trustees establishes fee policies with the objective of keeping fees low to reflect a strong commitment to administrative efficiency. The current annual fee on endowment funds is 0.8% of the fund’s market value. For quasi-endowments, the annual fee is 1.5% of the fund’s market value.
For demand funds, where the entire fund balance is available for spending, the annual administrative fee is up to 2.75% of the fund’s market value based on investment earnings.
View UMF's Fund Administration Summary or call 612-624-3333 for more information.