How do MCFs costs compare with those of commercial gift funds and private foundations?
With a 0.5% annual fee (with a minimum of $500), the Foundation’s fees are highly competitive with commercial gift funds. But even more important, the Foundation offers your clients unique value that can come from our staff’s knowledge of the community and expertise in the philanthropic field. Opening a fund at MCF is considerably less expensive than starting a private foundation, since we handle all administrative details, including filing annual tax returns, performing due diligence on grants, and all details associated with processing and tracking grants.
Related Questions
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