Gift Management and Fees
The University of Montana Foundation is an independent, nonprofit corporation that funds its operation primarily through fees. Fees on gifts and endowment balances support Foundation operations, which are undertaken to inspire private support of UM. As an independent organization, fees are necessary to support the ongoing operations of the Foundation. For every $1 in fees received, the UM Foundation inspires $8 in new gifts to benefit the University of Montana.
The Foundation's fee structure is periodically reviewed and approved by the Foundation's Board of Trustees. Currently, the Foundation has three distinct fees as described below.
Endowment Administrative Fee
A 1.86% per annum Administrative Fee is charged on the University of Montana Foundation's endowment funds.
The fee is assessed and charged annually and is based on the weighted average of the past twelve quarter-end unit values of each endowed fund.
Development Fee
The Foundation assesses a one-time 5% development fee on non-endowed, non-scholarship gifts.
All bequest gifts will have a one-time 5% development fee assessed, including both scholarship and endowed gifts. Bequest gifts include but are not limited to direct distributions from a donor's estate, including proceeds from life insurance policies, retirement funds, trusts or other assets.
Liquidation Fee
A 10% liquidation fee is assessed on the sale proceeds net of expenses incurred on the sale of the property.