The Santa Barbara Foundation charges an administrative fee for funds that are housed at the Foundation.
Annual administrative fee for all Restricted Funds is as follows:
Market Value of Fund
Annual Administrative Fee
Minimum annual fee:
$500
Fee on the first $1,000,000
1.00%
Fee on the amount exceeding the first $1 million, up to $5 million
0.75%
Fee on the amount exceeding $5 million
0.50%
Investment Fees Each fund pays its prorated share of the investment fees Total investment fees can range from 1% to 1.25% and include:
Custody fees—Wells Fargo
Consulting fees—Hammond & Associates
Management fees—(30 managers)
For more information on fees, please contact Tanya Gonzales, Vice President for Development, by phone at 805-963-1873, ext. 117 or via email: tgonzales@sbfoundation.org
Fee Schedule The fee is:
*Payable on January 1st
*Based on a rolling average of the market value for the previous 12 quarters
*For the calendar year commencing January 1st
Investment management fees are drawn from the funds directly
Funds that require a separate administration process: *Fee will be negotiated on a case-by-case basis, depending upon estimated expenses directly related to the administration of the fund.
