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Fee Schedule

Donor-Advised Fund Agreement

Thank you for setting up a donor-advised fund. Greater Kansas City Community Foundation clients are served by the Greater Kansas City Community Foundation, a 501(c)(3) public charity.

Donor-Advised Fund Agreement

Thank you for setting up a donor-advised fund. Your fund will be administered by the Greater Kansas City Community Foundation, a 501(c)(3) public charity.

Client Form

If you are completing this form on behalf of a client, check here.

If you are providing assistance to your client(s) and setting up a fund on their behalf, please download and complete our Donor-Advised Fund Agreement PDF and do not fill out the online form.

What do I need to know for this form?

A name for your Fund.
Names and contact information for Fund Advisors: typically yourself and possibly your spouse or partner.
Names and contact information for Successor Advisors who will make recommendations for the Fund after the Advisor(s) pass: typically younger generations, children, grandchildren or friends.
How you want to invest your Fund’s assets. You can choose an investment mix using our investment pools, or you can name a financial advisor who will manage the assets.
Name and contact information for your financial advisor, if applicable.
Names and firm names for any professional advisors who will have permission to receive information about your Fund, such as accountants or attorneys.
How much you plan to contribute to your Fund.
Who referred you to us.

1: Name Your Fund

You can include your name or remain anonymous.

Name of Fund(Required)

Examples: James Family Foundation, Acts of Kindness Fund
Check out our guide to help you name your fund.

2: Name the Fund Advisors

Fund Advisors make recommendations for all Fund-related matters, including grants and investments. Fund Advisors have online access to view fund statements and recommend grants.

Fund Advisors

Name	Actions

There are no Fund Advisors.

Maximum number of fund advisors reached.

3: Name the Successor Advisors

Successor Advisors make grant and investment recommendations for the Fund after the Fund Advisors are no longer able or willing to do so. You may list as many or as few Successor Advisors as you like.

Naming Successor Advisor(s)

I will be naming Successor Advisor(s) to the Fund.

I won’t be naming Successor Advisor(s) at this time. Contact me regarding the charitable intent of the Fund.

Please indicate how you would like your Successor Advisors to act when making recommendations for the Fund.

Independently

By Majority

By Unanimous Consent

Successor Advisors

Name	Actions

There are no Successor Advisors.

Maximum number of successor advisors reached.

4: Investment Recommendation

Please select one of the three options for your Fund’s investments.

Investment Options

Option 1: The assets in the Fund will be invested in the Community Foundation’s Investment Pools.

Option 2: The assets in the Fund will be invested in the Community Foundation’s Investment Pools with an emphasis on ESG factors.

Option 3: The assets in the Fund will be invested separately in a financial advisor managed account on your advisor’s platform.

[will eventually delete:] The financial advisor named in Section 5 will make investment selections for your Fund on your behalf. This option is available for funds with assets of $100,000 or more. The Community Foundation will contact your financial advisor to set up the investment account when you are ready to use the Fund. A Fund advisor or family member may not be named as the Fund’s financial advisor.

Investment Option(Required)

Greater Kansas City Community Foundation’s Investment Pools

Greater Kansas City Community Foundation’s Investment Pools with an emphasis on environmental, social and governance (ESG) factors

Financial Advisor Managed Account

Investment Pools

The assets in the Fund will be invested in Greater Kansas City Community Foundation’s Investment Pools. Please select one mix from the mix options, or create your own mix.

Investment Mix(Required)

Aggressive

Moderately Aggressive

Moderate

Conservative

Risk Averse

Custom Mix

Investment Pools with ESG Emphasis

The assets in the Fund will be invested in Greater Kansas City Community Foundation’s Investment Pools with an emphasis on environmental, social and governance (ESG) factors.

Would you like to use a pre-selected mix or create your own mix?(Required)

Pre-Selected Mix

Create My Own

Investment Mix(Required)

Aggressive

Moderately Aggressive

Moderate

Conservative

Choose an ESG option for the equity allocation.

SOCIAL IMPACT: The Social Impact Pool invests in organizations that are treating employees and customers fairly and are creating opportunities for the least advantaged. Additionally, the Pool focuses on investment managers from groups that have been traditionally excluded from the asset management industry.

ENVIRONMENTAL IMPACT: The Environmental Impact Pool invests in organizations that are best positioned to address and cope with rising climate risks by reducing carbon emissions, conserving resources, and adopting environmental policies.

BROAD ESG IMPACT: The Broad ESG Impact Pool invests in organizations that tackle global challenges through commitments to environmental action, diversity and inclusion, and good governance.

Additional information about the ESG Pools is available at growyourgiving.org/investing.

Custom ESG Investment Mix

Social Impact

(70% U.S. Stock / 30% Foreign Stock)

Environmental Impact

(70% U.S. Stock / 30% Foreign Stock)

Broad ESG Impact

(70% U.S. Stock / 30% Foreign Stock)

Domestic Equity

(100% U.S. Stock)

International Equity

(100% Foreign Stock: 80% Developed Markets / 20% Emerging Markets)

Intermediate-Term Fixed Income

Short-Term Fixed Income

Money Market

Total of Election (Must Equal 100)(Required)

Custom Investment Mix

Domestic Equity

International Equity

Intermediate-Term Fixed Income

Short-Term Fixed Income

Money Market

Total of Election (Must Equal 100)

*Combined total must equal 100%

Financial Advisor Managed Account

The assets in the Fund will be invested separately in a financial advisor managed account on your advisor’s platform. Your financial advisor named in Section 5 will make investment selections for your Fund on your behalf.

This option is available for funds with assets of $100,000 or more.

The assets in the Fund will be invested separately in a financial advisor managed account on your Creative Planning advisor’s platform. Your Creative Planning financial advisor named in Section 5 will make investment selections for your Fund on your behalf. Creative Planning can set up the Fund’s investment account at TD Ameritrade, Charles Schwab or Fidelity.

This option is available for funds with assets of $50,000 or more.

How much do you plan to contribute to your Fund in the next year?

The Community Foundation will contact your financial advisor to set up the investment account. A Fund advisor or family member may not be named as the Fund’s financial advisor.

5: Financial Advisor Information

If your financial advisor will be involved with your Fund, provide the following details.

Financial Advisor Involvement

My financial advisor will be involved with the Fund.

I will not have a financial advisor involved with my Fund.

The financial advisor named below will have online access to view your Fund information in Greater Kansas City Community Foundation’s portal, including balance, contribution and grant history. Your financial advisor will invest the Fund’s assets separately in a financial advisor managed account.

The financial advisor named below will have online access to view your Fund information in the Greater Kansas City Community Foundation’s portal, including balance, contribution and grant history. Your financial advisor can change the asset allocation of the Fund in Greater Kansas City Community Foundation’s Investment Pools.

Financial Advisor Name(Required)

Firm Name(Required)

Address

Street Address Address Line 2 City State ZIP Code

Phone(Required)

Email(Required)

Communicating Grant Requests

With your permission, your financial advisor can communicate grant requests to the Community Foundation.

I give my financial advisor permission to communicate grant requests.

6: Professional Advisor Information

If you wish, you can give us the name of your accountant, attorney or another professional advisor. These are professional advisors with whom the Community Foundation may share information about your Fund.

Would you like to name Professional Advisors?

I would like to empower the Community Foundation to share Fund information with the following Professional Advisors, should they inquire.

I will not be naming Professional Advisors.

Professional Advisor Name & Profession

Firm Name

Professional Advisor Name & Profession

Firm Name

Professional Advisor Name & Profession

Firm Name

Online Access

I would like to give one or more Professional Advisors (listed above) permission to view my Fund online, communicate my grant requests and/or make investment changes on my behalf.

Please describe the specific permission(s) you wish to provide for each advisor listed above and include their email address(es).

7: Contribution Information

If you know how you plan to contribute, please provide details.

Funding Options

I plan to use this Fund during my lifetime.

I do not plan to use the Fund during my lifetime. The contribution will be made upon my death.

Estimated Initial Contribution

Approximate Date of Initial Contribution

MM slash DD slash YYYY

Types of Contributions Planned

Check

Wire or ACH

Stocks and/or other securities

An interest in a private business

Real estate

Other assets

Bank Name

Stocks and Other Securities

Delivering Firm Name

Securities You Plan to Contribute

For each security you plan to contribute, please include the name of the security, the number of shares and the approximate value.

Other Contributions

Please contact us at info@growyourgiving.org to discuss the real estate donation process.

Please contact us at info@growyourgiving.org to discuss the private business interest donation process.

Other Assets

Please provide additional details on the assets you plan to contribute.

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Contact Your Institution

You will need to contact your financial advisor or financial institution to initiate transfers to the Fund.

8: Let Us Know Who Referred You to Us

If someone guided you in the decision to establish the Fund, please provide the following information about your referral.

Who Referred You to Us?(Required)

The previously-identified financial advisor guided me in my decision to establish the Fund.

I was not referred.

Other

9: Additional Information

Please include any additional information you would like us to know.

10: Terms & Required Signature(s)

The Founder(s) establish this Fund with the Greater Kansas City Community Foundation.

The current Fund Advisor(s) may make recommendations for grants (from income and principal), investments, and other administrative matters unless otherwise noted herein. If two or more are named, any may act alone. Upon the death, resignation or incapacity to serve of the Fund Advisor (or the surviving Fund Advisor if two or more individuals have been named), the Successor Advisor(s) will then advise the Fund. If two or more persons are eligible to be successors, then a recommendation by a majority of such persons shall constitute an effective recommendation for consideration by the Community Foundation unless otherwise noted herein.

If the persons named in this document or after the date of this document are not available to advise and consult with the Community Foundation due to death, resignation or incapacity to serve, the Community Foundation shall use the principal and income from the Fund for charitable purposes.

For assets in a financial advisor managed account: The assets in the Fund will be managed directly by the named financial advisor on a discretionary basis, until such time that the Community Foundation or the Fund Advisor(s) exercise(s) the option to make a different selection for management of this Fund. The named financial advisor will manage the assets of this Fund in accordance with the Fund advisor(s)’ charitable objectives and the most current financial policies and standards of the Community Foundation, which can be found at growyourgiving.org/fap-guidelines. The Community Foundation will regularly review the financial performance of this Fund.

For assets in the Community Foundation’s Investment Pools: Allocations are rebalanced to targets once a month. In the interim, cash coming into the Fund will be held in the Money Market Pool. The responsibility for managing the the Community Foundation’s investment program is vested in the the Community Foundation Board of Directors through its Investment Committee. The percentages in the mix options may change from time to time upon Investment Committee review. For additional details regarding investment mixes and pools, refer to growyourgiving.org/investing to view the Investment Performance Summary and the Supplemental Report.

As required by IRS regulations:

a) the investment recommendation is advisory only and the Community Foundation may, at its sole and absolute discretion, follow or decline to follow the recommendation;

b) The Community Foundation may at any time, at its sole and absolute discretion, change the investment of all or any portion of the assets in the Fund;

c) if the investment recommendation is accepted, the investments will be administered in accordance with the financial policies and fiduciary standards of the Community Foundation; and

d) investments are subject to normal market and interest rate fluctuation risks, and any gain or loss generated by the above investments will be credited or charged to the Fund.

The Community Foundation’s administrative fee schedule is shown in Section 11. The fee schedule is subject to modification and may be increased or decreased at the sole discretion of the Community Foundation.

The Donor-Advised Fund Policies are shown in Section 12; signing below indicates acceptance of these policies. The Donor-Advised Fund Policies are subject to change. The Community Foundation reserves the right to make the final decision regarding distributions from the Fund.

By typing your name(s) in the field(s) below, you certify the above information to be true and correct, confirm that you have the authority to sign this form, and agree that this is valid as your signature.

Founder Signature

Typed Name(Required)

Typed Name

Date

MM slash DD slash YYYY

11: Administrative Fees

Founders have reviewed administrative fee schedule(Required)

The Founder(s) have reviewed the administrative fee schedule.

This administrative fee schedule applies to funds at the Greater Kansas City Community Foundation.

Administrative fees are used exclusively to support our mission-based operations. These fees are your investment in a 501(c)(3) public charity dedicated to increasing charitable giving, educating and connecting donors to community needs they care about, and leading on critical community issues.

The administrative fee structure illustrates the annual cost for a fund. These fees are assessed to the Fund on a monthly basis. (The monthly fee equals one-twelfth of the annual fee, based on the average fair market value of Fund assets for the month. If there are no assets in the Fund for the entire month, there is no fee.) For newly established funds, the annual fee is prorated over the remainder of the year.

This administrative fee schedule applies to Greater Kansas City Community Foundation funds at Greater Kansas City Community Foundation.

The Community Foundation’s administrative fees do not include Greater Kansas City Community Foundation‘s management fees.

Special Discounted Fee Schedule

Funds will be charged for direct expenses incurred by the Community Foundation on behalf of a specific fund, such as commissions for the sale of contributed stock or legal fees. The Community Foundation may request additional fees for extraordinary services such as special grant processing and review (which may apply pursuant to a contract with the Community Foundation or after the death of the founder(s) of the Fund if no advisors are serving) or other non-standard services.

For funds receiving a bequest that will be fully disbursed to one or more charities upon receipt, the Community Foundation will assess a one-time 3% fee on such bequest.

12: Donor-Advised Fund Policies

Contributions to Donor-Advised Funds
Contributions to donor-advised funds at the Community Foundation are gifts to a public charity and eligible for the maximum tax deduction allowed by law. The Community Foundation accepts gifts of cash, publicly traded securities, private business interests (closely held stock, limited liability company interests, limited partnership interests), and real estate. Contributions are subject to the review and approval by the Community Foundation prior to acceptance and are irrevocable once accepted. The Community Foundation does not provide legal, tax or financial advice, so the Community Foundation encourages donors to consult with their own professional advisors prior to making a contribution.

Contributions of Non-Cash Assets
The general policy of the Community Foundation is to sell all contributed property as soon as practical after receipt to minimize market risk. For non-publicly traded securities or other assets for which no readily liquid market exists, the Community Foundation will exercise discretion as to the timing and price of sales. Any costs incurred by the Community Foundation necessary for the disposition of securities and other assets and for the management of such assets prior to disposition will be an expense of the donor-advised fund. Should sufficient liquidity not be available in the donor-advised fund to cover any expenses, taxes or liabilities due as a result of the fund’s ownership of a non-cash asset, the donor of such asset(s) agrees to contribute additional liquid assets to the donor-advised fund as necessary to fully and timely cover such obligations.

Grants from Donor-Advised Funds
Through a donor-advised fund, Fund Advisors can enjoy supporting any 501(c)(3) public charity in the United States, including governmental, educational and religious institutions. Fund Advisors may suggest grants directly to international organizations for an additional fee that covers the additional due diligence required of international grants. The IRS does not allow the Community Foundation to make distributions to private non-operating foundations, to individuals or to pay fundraising expenses. Rest assured that the Community Foundation will exercise due diligence to make sure grants from donor-advised funds are given to organizations that have met IRS requirements.

Additional information about specific granting guidelines can be found at growyourgiving.org/grant-guidelines.

Because contributions to donor-advised funds are eligible for a charitable tax deduction, grants subsequently made from donor-advised funds are not tax deductible.

Fund Activity and Fund Statements
The Community Foundation is responsible for ensuring donor-advised funds are used for charitable grantmaking and do not confer any private benefit on the donor or any other person. The Community Foundation monitors the use of donor-advised funds to ensure their activity leads to charitable distributions. The Community Foundation does not have a minimum amount for grants or maximum frequency of grants. Fund Advisors can suggest grants in any amount and as often as they like. The Community Foundation periodically checks in on donor-advised funds that are not being used to ensure the Community Foundation understands Fund Advisors’ plans for their funds. Fund statements showing gift, grant and investment activity for a donor-advised fund are available through the online donor portal.

Role of Donor-Advised Fund Advisors and Successor Advisors
At any time during a Founder’s lifetime, the Founder(s) may designate one or more adult individuals to be Fund Advisors, as well as Successor Advisors to serve upon the Fund Advisor’s (or the surviving Fund Advisor if two or more have been named) death, resignation or incapacity. Each Fund Advisor may individually make recommendations for grants, investments and other donor-advised fund related matters. Successor Advisors may make recommendations concerning grants and investments for donor-advised funds and must act by majority unless otherwise noted in the fund agreement. If majority action is required and only two Successor Advisors are serving, they must act by unanimous consent. Unless the Founder(s) have specified otherwise, each Successor Advisor may recommend individuals from succeeding generations to act in their place. The Community Foundation is happy to work with generations of Fund Advisors.

Who Can Manage the Investments of a Donor-Advised Fund
A Fund Advisor may recommend that a donor-advised fund be invested in the Community Foundation’s investment pools or with the donor’s financial advisor. Financial advisors may manage the investments of a donor-advised fund in a separate account as long as the financial advisor is not (i) the donor, (ii) a Fund Advisor or Successor Advisor, (iii) any family member of a donor/Fund Advisor/Successor Advisor (defined as that person’s spouse, ancestors, children, grandchildren, great-grandchildren, siblings and the spouses of children, grandchildren, great-grandchildren, siblings) and (iv) any entity where more than 35% of the entity is owned/controlled by any of these persons. If the Community Foundation does not receive an investment recommendation for the Fund, assets will be held in the Money Market Pool.

Confidentiality and Privacy Policy
The Community Foundation holds all information concerning our donors and their donor-advised funds in strict confidence. The Community Foundation will only release information about a donor if the donor has given permission, or if a government agency or court has the legal authority to request the information. All personal data collected on this form is subject to the Community Foundation’s privacy policy, which can be found at growyourgiving.org/privacy-policy.

Bequests and Beneficiary Designations
The Community Foundation can carry out donors’ charitable goals beyond their lifetimes. To name a donor-advised fund at the Greater Kansas City Community Foundation as a beneficiary of a will, trust, life insurance policy or retirement plan account, the following language may be helpful in completing estate planning documents or beneficiary designation forms: After describing what the donor wants to leave to their fund (i.e., a percentage of the estate/trust/account or a specific dollar amount), please note that it will pass “to the Greater Kansas City Community Foundation (EIN 43-1152398) for the following component fund: [name of the fund].”

Fundraising
The Community Foundation cannot sponsor or reimburse expenses for any fundraising activities or any other events intended to benefit any donor-advised fund, and will not be responsible for the collection of any amounts from any benefit, ball, banquet, athletic event or third-party online fundraising page. The Community Foundation will only be responsible for the proper disbursement of funds actually received. Any advertising, promotional or other materials must be consistent with this policy.

Additional information about fundraising can be found at growyourgiving.org/fundraising-guidelines

Honoring Donor Intent/Variance Power
The Community Foundation carries out a donor’s charitable intent through a donor-advised fund. In rare circumstances, the Community Foundation may determine that the donor’s charitable purposes may have become unnecessary, obsolete, incapable of fulfillment, impractical or inconsistent with the community’s charitable needs. In that case, the Community Foundation may need to exercise its variance power to change the charitable purpose of the fund. In doing so, the Community Foundation will strive to make distributions that are consistent with the donor’s charitable interests.

Additional Detail on These Policies
Please see the Procedures for the Establishment and Operation of Funds and relevant sections of the Bylaws of the Greater Kansas City Community Foundation, available at growyourgiving.org/procedures.

Confirmation

The Founder(s) have reviewed the Donor-Advised Fund Policies.

Phone

This field is for validation purposes and should be left unchanged.