The mechanics of giving
Gift: With a minimum contribution, as of July 1, of $25,000 ($40,000 for a scholarship fund) you may establish a named endowment fund by completing a legally binding agreement that outlines your charitable intent. The North Carolina Community Foundation’s professional staff will work with you to ensure that your fund achieves its highest charitable potential.
Growth: The NCCF works with a number of professional asset managers who ensure that your endowment fund is invested for stability and growth.
Grants: Annual grant amounts equal up to five percent of the fund’s average balance, which is calculated over the previous 12 quarters. The NCCF reports how much your fund has available to distribute, and you recommend which charities you would like to support, using the spendable amount for your grant-making.
Fees: An administrative fee is assessed on each fund at the rates listed below or at a minimum of $250 annually ($20.83 per month), whichever is greater:
|Donor-advised funds||1.0% of average balance|
|Field of interest funds||1.5% of average balance|
|Designated funds||1.0% of average balance|
|Agency funds||1.0% of average balance|
|Scholarships||2.0% of average balance|
|Affiliate unrestricted funds||1.5% of average balance|
|Non-endowed gift funds||NCCF retains bank interest|
|Funds in excess of $1,000,000||Negotiable|