Charitable Fund Minimums and Fee Schedules

The Saskatoon Community Foundation fees and granting policies are subject to ongoing review and change by the Foundation’s Board of Directors. The fees are designed to recover or offset administrative cost.

 

Granting Policy – Board approved 3.5% (2019 disbursements).

For new funds set up in the current year, the grant disbursement may be held back to allow for fund to earn full year of income.

 

Legacy Funds – Endowed (See minimum fund levels below):

  • 1.5% of the fund value, assessed quarterly on ending prior month balance.
  • 1% for >$1 million
  • Fund earns investment returns, to cover fee and grants
  • 5 year (net) average rate of return: 7.02% as of 2017 

Legacy Agency Funds – Endowed (minimum $10,000):

  • Donor Changes to Agreements – $75 change fee assessed. (payable by cheque)
  • 1% of fund value, assessed quarterly on ending balance of prior month

Managed Funds for Charities – Non-Endowed (minimum $100,000):

  • 1% of fund value, assessed quarterly on ending balance of prior month

Granting Flow-Through Account (minimum $1,000):

  • 1.5% gift/capital contribution * assessed at time of gift

Granting Program (minimum $50,000):

  • $5,000 minimum fee, Plus cost recovery for program advertising
  • Reduced fee for programs over $350,000

Campaigns & Fundraisers Receipting Fee:

  • 2% of funds raised, (Flow through account required, fee applied for multiple receipts)
  • Memorandum of Understanding for services and publicity

*Unless statedfees are assessed annually, prorated quarterly

CHARITABLE FUND MINIMUMS

Community Fund: Donations under $5,000 (Saskatoon Fund, Youth Endowment Saskatoon, Community For Reconciliation)

Fully Disbursable Fund: $1,000

Named Funds: $5,000

Designated or Field of Interest Fund: $10,000

Agency Fund: $10,000

Managed Fund: $100,000

Student Award Fund: $50,000

Corporate Granting Program (Fully Disbursable Fund): $50,000

Donor Advised Fund: $50,000

Donor Foundation (Fund): $500,000+  *Total fee levied 2% for Foundation Services Package