ADMINISTRATIVE FEES

Why does the Foundation Assess Administrative Fees?

Donors will be interested to know that 96% of their gift will be used for charitable purposes as designated. Fundraising costs such as salaries, office operations and appeals, are paid for by the MiraCosta Community College District.

Faculty and staff want to know why there are any fees at all. Here's why: To cover the cost of business operations, such as the acceptance and acknowledgment of charitable gifts and the management of donor funds, the foundation charges a 4% transaction fee (assessed only on expenditures) and a 1.5% endowment management fee. The purpose of these fees is to establish a revenue stream that will eventually allow the foundation to be self-sustaining in its business operations. Here is a list of the services we provide: