Calculating

Fund Distributions

Distributions from funds are calculated annually for endowment funds and given in the form of grants according to the fund purpose and criteria established by donors following the Foundation’s Tiered Spending Policy, and based on the fund’s average fund balance calculated over five years.

Initial Gift: Below is a Sample Unrestricted Endowed Fund with an initial $10,000 gift so you can preview how a fund grows and awards grants.

Grants: Over a 7 year time period, $2,418.71 was distributed through grants.

Principal: Additionally, the ending balance of $10,455.95 has grown the fund principal an additional $455.95 through return on investments.

Administrative Fee: The Annual Administrative Fee is minimal. Our ten-year average return is 6.52%, easily absorbing any incurred fees. Fees for endowed funds are calculated monthly, based on the principal balance and total earnings with 1.4% charged to the fund, unless the fund is other than an unrestricted fund when the fee is 1.5%, or a scholarship recipient is chosen by a committee of the Foundation, when 2.0% is charged.*

* Please contact the Foundation for more details.

Sample Unrestricted Endowed Fund

Income/Distribution/Fee Estimates*
Prepared on May, 31,2022

Fiscal Year
Beginning
Beginning
Balance
Gifts Income Fees Distributions
(4.0%)
Ending
Balance
Fiscal Year
Ending
7/1/15 0.00 10,000.00 (2.00) (151.13) 0.00 9,846.87 6/30/16
7/1/16 9,846.87 0.00 980.75 (155.90) (393.87) 10,277.85 6/30/17
7/1/17 10,277.85 0.00 410.09 (154.51) (402.49) 10,130.93 6/30/18
7/1/18 10,130.93 0.00 497.43 (154.72) (403.41) 10,070.23 6/30/19
7/1/19 10,070.23 0.00 268.88 (167.26) (403.26) 9,768.59 6/30/20
7/1/20 9,768.59 0.00 2,392.33 (143.49) (400.76) 11,616.68 6/30/21
7/1/21 11,616.68 0.00 (572.70) (173.11) (414.91) 10,455.95 6/30/22

Community Foundation Averages for the Above Example: 

Annual Spending Policy: Calculated using a five-year rolling average of the fund balance based on this scale:

4.0% for $5,000 – $99,999
4.25 for $100,000 – $249,999
4.5% for $250,000+

Average Income: 5.87% – Income fluctuates according to the markets. Our ten-year average is 6.52% returns.

Average Administrative Fee: 1.53% – Management and Custodial fees plus Foundation’s 1.4%, 1.5%, or 2.0% annual fee, based on the fund type.

*Based on a similar fund over the same period. 

Contact Us

Dawn Brown

President & CEO

Dawn@GiveToGrant.org
765-662-0065

Sherri Rush

Chief Financial Officer

Sherri@GiveToGrant.org
765-662-0065

Shelly Jones

Development Manager

Shelly@GiveToGrant.org
765-662-0065