Create a Fund Fee Type

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Written by Nick Miles

Last published at: June 7th, 2019

To create a Fund Fee Type:

  1. Go to Admin Fees from the Home page.
  2. Select Fund Fee Types from the left-side menu.
  3. Click Create
  4. Enter the Name of the Fund Fee Type.
  5. To the right of Fee Type, click the drop-down arrow to select how your Fund Fee Type is calculated (flat_fee, percent, percent_range).
    • Flat Fee ($250 per year, $5 per grant, etc.)
      • Note: If you want to create an admin fee that does not charge a fee, you must select Flat Fee. When you edit the fund fee type, you'll need to enter the Flat Amount as 0.00.
    • Percent (1% of the balance on endowment quarterly, yearly or monthly, or 1% of each transaction, etc.)
    • Percent Range (1% on $0-49,999 funds, 0.5% on $50,000-250,000 funds, etc.)
  6. To the right of Apply Fee, click the drop-down arrow to select when the Fund Fee Type should be charged.
    • Apply Fee options:
      • Monthly
      • Quarterly
      • Yearly (on Dec 31)
      • Fiscal Year
      • Bi-Annual
      • Bi-Annual Fiscal Year
      • Per Grant from the Fund (ea_grant)
      • Per Donation to the Fund (ea_donation)
      • Per Public Securities/Stock Donation (ea_stock)
      • Percentage of each Voucher paid by the Fund (ea_voucher)
  7. Click Create.
  8. Next, edit the fund fee type.