Administrative fees, Admin Fees or Fund Fees are the fees a Foundation charges to administer a Fund that is held.
Creating your Fund Fee Types in order to assess your Funds the proper fees based on your policies.
- You will also find an option to administer Tiered Fees or have the Admin Fee paid by another Fund if needed.
- Utilizing Admin Fee Groups to charge fees for several similar Funds that all have the same fee structure.
To apply an Admin Fee to a Fund you will assign each Fund a Fund Fee Type and determine which Account to take the fee from and which account that the fees will go once collected.