Donor Schedule of Fees
Effective January 1, 2003Management Fee:
An annual management fee is incurred by each account. A one percent (1.0%) annual management fee is charged on the first $1 to $999,999. A three-quarters of one percent (.75%) annual management fee is charged on the next $1,000,000 to $2,999,999. A one-half of one percent (.50%) annual management fee is charged on the next $3,000,000 or more. A one and one-quarter percent (1.25%) annual management fee will apply to all accounts containing real estate. The management fee is charged to each account quarterly.
Charitable Revocable Living Trust Termination Fee:
A trust termination fee is incurred when a Charitable Revocable Living Trust is terminated according to the following schedule.
- 2.0% in year one of the trust
- 1.5% in year two of the trust
- 1.0% in year three of the trust
- 0.0% in all subsequent years
Processing Fee:
One-Time Gift of Stock: For a one-time pass-through gift of stock an administrative fee of $25 is charged to receive the stock, sell the stock, place the proceeds from the sale of the stock into a pass-through account, and distribute the gift to ministry. The Foundation will write up to three checks to ministries selected by the donor at no charge. Any additional checks will be assessed a $10 administrative fee for each check.
Recurring Gifts of Stock: If a donor intends to make recurring gifts of stock on a regular basis year after year, the donor may choose to establish a Pass-Through Trust with the Foundation that provides an ongoing agreement for receiving, selling, and distributing annual stock gifts. The Pass-Through Trust Agreement can be written so that the same ministry is blessed every year, or the donor can select different ministries each year. An administrative fee of $50 is charged to establish the Pass-Through Trust Agreement, receive and sell the stock, place the proceeds into the trust account at the Foundation, and distribute the gift to ministry. A fee of $25 is charged for any future recurring pass-through gifts. Each year the Foundation will write up to three checks to ministries selected by the donor at no charge. Any additional checks will be assessed a $10 administrative fee for each check. A recurring Pass-Through Trust requires a minimum balance of $100. If the Trust is terminated, this amount is distributed in full to the named charitable beneficiary of the Trust. Pass-through gifts of real estate will be assessed pass-through fees on a case-by-case basis as determined by the Executive Director of the Foundation.
Administrative fees for pass-through gifts of mutual funds will be assessed on a case-by-case basis as determined by the Executive Director of the Foundation.
Executor Fee:
An executor fee not to exceed the amount specified in the Texas Probate Code will apply. In addition, all actual travel and administrative expenses related to estate settlement will be charged to the estate at 100% of cost.
Real Estate:
A fee of 5% of the sales price of properties held in trust is incurred when the Foundation sells such properties. When a realtor is involved in the sale of such properties, the fee is reduced to 2%.
Tax Preparation Fee:
A fee will be charge for the preparation of income tax returns on all trusts beginning in 2004 not to exceed $50 per trust. This fee will be based on the amount of time required to prepare the return for each trust.
Legal Fee for Establishing an Endowment Fund or Trust:
Any legal fees above $200 incurred in the establishment of an endowment fund or trust will be charged to the account.
The operation of the Foundation is funded by gifts, bequests, management fees, administrative fees, interest from undesignated monies, and support from the Texas District.Back to top
Please contact us for more information.