|
Type of Fund | Permanent/
Spendable | Minimum of Establishment | Fees/Reports | Investment Options | Distributions (all require approval of program committee) |
Legacy Fund: long-term charitable giving | Permanent fund with a 5% spending rule each year | $10,000
(Can start with less and no distributions until minimum is reached) | $100 annual minimum; 0.4% annually; Annual Report of all activity. DonorCentral Online Report | General Pool. Receives all investment performance benefits. | Amount limited to spendable. Unlimited distributions after close of fiscal year. |
Express Fund: Simple year end giving or tax planning. | Spendable | $1,000
| No fees; reports as requested. | No earnings. | Unlimited distributions and no minimum account. |
Gift Fund | Spendable | $10,000 to start; balance may go below $10,000 with no penalty. | $100 annual minimum; 1% on first $100,000, 0.75% on next $900,000, 0.5% on total above $1 million; quarterly reports; DonorCentral Online Report | General OCCF Pool, unless amount exceeds $500,000. Options follow those for Affiliated Funds; Money Market option with quarterly rebalance. | Unlimited. No minimum. |
Affiliated Fund: Private Foundation alternative. | Permanent/ Spendable possible for a portion. | $500,000
Permanent | $4,800 annual fee, plus 0.1% of value above $1 million; quarterly reports and annual meeting | General Pool and other options to be determined by Investment Committee. | Amount limited to spendable. Unlimited number and no minimum amount. |
Advised Fund Options Summary Chart