Financial Stewardship

The Community Foundation for the Land of Lincoln takes its fiduciary responsibility to safeguard and grow funding for the greater good seriously. Our legacy as a philanthropic leader dictates the oversight of a well-reasoned investment philosophy. The Foundation’s board of directors has adopted a detailed set of investment policies and guidelines.

Our policies and procedures allow for public inspection of the following documents:

  • annual audit
  • Form 990
  • Form 990-T any years in which this form is filed
  • Form AG990-IL
  • application for exemption as filed with the Internal Revenue Service
  • governing documents
  • employee handbook
  • whistleblower policy
  • conflict of interest policy
  • fees charged (investment and administrative)
  • investment policies
  • names of its investment managers
  • the governing body responsible for investment oversight and investment
  • component funds available
  • grant distributions made

Any of the aforementioned documents may be requested by written request to the Community Foundation for the Land of Lincoln or by emailing the Community Foundation at

Fees for Fund Stewardship

The Community Foundation for the Land of Lincoln does not charge any upfront or transactional fees to donors. Instead, the Foundation retains an annual management fee determined by the total volume of assets under management in any one fund. A summary of our standard fees for fund stewardship is shown below. The current minimum balance to create a named fund is $20,000 for all funds except donor-advised funds, which are $10,000.

Annual Management Fees For Component Funds

Unrestricted, field of interest, donor-advised and scholarship funds:

Dollar Amount Fee %
Up to $499,999 1.50%
$500,000 - $999,999 1.25%
$1 million - $1,999,999 1.00%
$2 million - $4,999,999 0.85%
$5 million - $9,999,999 0.65%
$10 million & above 0.50%

Organization and designated funds:

Dollar Amount Fee %
Up to $499,999 1.00%
$500,000 - $999,999 0.90%
$1 million - $1,999,999 0.85%
$2 million - $4,999,999 0.75%
$5 million - $9,999,999 0.65%
$10 million & above 0.50%

Fees are based on the average annual principal balance and applied on a prorated, monthly basis. 

These fees are not inclusive of the investment management fees and the internal management fees charged by mutual funds. The Community Foundation will endeavor, at all times, to negotiate the lowest fees possible using the collective buying power of the pooled accounts.