Payout and Administrative Fees

PAYOUT
The payout is the distribution from the endowed fund to be used for the purpose designated by the donor in the applicable gift instrument. Payout rates are established annually by the Foundation's Board of Directors. The payout is currently computed at 4.6% of a 36-month moving average of the fund's value. 

ADMINISTRATIVE FEE
The Foundation assesses each fund a fee of 2% of a 36-month moving average of the fund's value. This fee helps to fund the operation of the Foundation, which retains the first 12 months payout on all new endowment gift.