As a not-for-profit organization, the fees charged by the Jewish Community Foundation of Calgary are only designed to recover costs. We do not build any profit into our administrative services.
Placing a fund with the JCFC is considerably less expensive than holding a fund with most commercial managers, or starting your own private foundation. The large size of our pooled assets base allows us to obtain competitive fees from our investment managers. We facilitate the daily administration for you, including processing grants and receipts.
We recover costs in two areas:
1. Investment services. These are fees charged by our investment managers. Investment fees are paid out before the income available for distribution is calculated.
2. Administrative and operating expenses are recovered from our funds in accordance with our Administration Fee Policy.