Administrative expenses will be deducted from earnings at a rate of .5% of the fund balance annually in addition to fund management fees. For example, for a $100,000 endowment, SABA will collect $500 for announcing the grants, collecting information, sending applications for review, creating the plaques, calculating the interest, disbursing the funds and any other necessary administrative functions. Fund management fees will be charged directly by the fund managers. All endowment donors must be informed of these expenses.
Back to SABA Guidelines for Establishing Endowments