The Calgary Foundation recovers its operating costs and the fees and charges levied by its external fund management companies by allocating those expenses amongst all its funds. The allocation of costs is calculated and charged monthly on the prior month’s ending market value. Policies regarding cost allocation are subject to ongoing review and change by the Foundation’s Board of Directors.

Permanent Endowments: Tiered by Fund Size

1st tier	1.25% on the first $5,000 to $1 million
2nd tier	1.00% on the next $1 million to $5 million
3rd tier	0.80% on the next $5 million to $10 million
4th tier	0.60% on the next $10 million to $20 million
5th tier	Over $20 million, as above and subject to negotiation

             

Flow-Through Funds

Interest earned on the investment of flow-through funds is retained for administration of the fund, minimum $500.

Term Endowments

Same as permanent endowments, plus an additional 0.25% on the annual opening market value of the fund

Agency Funds

Same as permanent endowments

Agency Managed Funds

Same as permanent endowments, plus an additional 0.25% on the annual opening market value of the fund

Student Award Funds

1.5% of the annual opening market value; $500 set-up fee for designated awards, $750 set-up fee for administered awards