FACF's mission is to improve the quality of life in the Fremont area by connecting donor interests with community needs and serving as a leader and catalyst in the development of solutions.
Fremont Area Community Foundation
605 N. Broad Street, P.O. Box 182
Fremont, NE 68025
(402) 721-4252
Fax: (402) 721-9359
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Tax ID 47-0629642
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You Are Here: About FACF > Financial Information
Financial Information and Fee Schedule
Availability of Financial Information
You may request a copy of the Fremont Area Community Foundation's most recent IRS form 990 by contacting the Foundation office at 605 North Broad Street, Fremont, Nebraska 68025, (402) 721-4252. The Form 990 is also available online at www.guidestar.org.
The Fremont Area Community Foundation does not have any unrelated business income, however, if the Foundation does acquire any unrelated business income, the Foundation will file a 990-T form with the IRS. That form will also be available to the public by contacting the Foundation office at 605 North Broad Street, Fremont, Nebraska 68025, (402) 721-4252.
You may also request a copy of the Fremont Area Community Foundation's most recent audit by contacting the Foundation's office.
Information about the Foundation's investments, including the names of investment managers, fees charged, and list of members of the Foundation's Investment Committee, is also available upon request from the Foundation's office.
Administrative Fee Schedule
Fund Costs: Administrative fees are intended to recoup the costs of serving affiliated funds. These costs include bank transactions and fees, postage, gift receipting, disbursements, annual audit, financial reporting, IRS reports/returns and general overhead costs.
The Foundation administers Donor Advised funds as Pass-Through funds, Non-Endowed Invested Funds, and Endowed Funds, Agency Funds, Designated Funds, Scholarship Funds, and Unrestricted Funds.
- Disbursement Fee Schedule for Non-Endowed Invested Funds (all types of funds that are non-endowed invested): The Foundation charges an annual administrative fee of 1% on the fund balance of non-endowed invested funds. Non-endowed invested funds are invested in instruments such as, stocks, bonds, or cash. The investments are guided by the FACF Investment Policy. The Foundation deducts .25% each quarter from the Fund for the 1% administrative fee. In addition, the Fund is responsible to pay any additional investment fees charged by the investment manager. There is no restriction on the amount able to be spent on this kind of Fund.
- Annual Fee Schedule for Long-Term Permanently Endowed Investments (all endowment funds): The Foundation charges an annual administrative fee of 1% on the Fund balance of endowed funds. Endowed funds are invested in instruments such as, stocks, bonds, or cash. The investments are guided by the FACF Investment Policy. The Foundation deducts .25% each quarter from the Fund for the 1% administrative fee. In addition, the Fund is responsible to pay any additional investment fees charged by the investment manager. There is a restriction on the amount able to be spent on this kind of fund. The spending policy is set by the FACF Board of Directors.
- Annual Fee Schedule for Pass-Through Funds (all pass-through funds): The Foundation charges an annual administrative fee of 1% on the Fund balance of pass-through funds. Pass-Through funds are invested in money markets. The investments are guided by the FACF Investment Policy. The Foundation deducts .25% each quarter from the Fund for the 1% administrative fee. In addition, there is a one-time set up fee for pass-through funds. The fee is the greater of $100.00 or 1 percent of the deposit balance up to a maximum of $2,000.00. There is no restriction on the amount able to be spent on this kind of fund.
Donor Investment Alternatives
Although the Foundation prefers to manage long-term investments in the Foundation asset allocation model, the Foundation does allow donors to recommend alternative investment managers for gifts of $100,000 or greater, assuming the absence of material restriction.* All such recommendations are subject to approval by the Foundation Board of Directors.
* A material restriction is a restriction or condition that prevents a community foundation from “freely and effectively employing the transferred assets, or the income derived there from, in the furtherance of its exempt purposes.”
| Why is FACF important to the Fremont area? | Important Grants Program Changes Announced | Summer Food Program Opportunities Available | Gift Planning Tools Now Available | Sports Participation Scholarships Available |
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| FACF's mission is connecting donor interests with community needs. Together, we can work to make a better community for generations to come. | The FACF Grants Program has new application guidelines for the remainder of 2013. The next grant application deadline is July 1, 2013. | The 2013 Summer Lunch Program Coordinating Team has once again been at work planning for another wonderful summer supporting area families. | Gift planning tools,articles and resources are now available on this website. See how your gift can provide for your community now and forever. | Sports participation scholarships are available through the Schilke-Novak Kids' Sports Trust for young athletes in the Fremont area. |