Administrative fees are calculated using the average daily fund balance from the prior month. Spend-down funds with an average balance less than $10,000 for the previous fiscal year ending December 31 are assessed an additional $100 in September. Spend-down funds with an average balance of $10,000 or more are exempt from the additional yearly fee.
Future Funds
No administrative fees are assessed until the fund balance reaches the minimum endowment level of $10,000 ($15,000 minimum for a scholarship endowment).
Updated 03/2022