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Investment Solutions & Fees

At the DuPage Foundation, providing effective stewardship of the charitable capital entrusted to us is paramount. For more than 30 years, we have served as a trusted partner to our donors, agency partners and other constituents delivering a range of investment solutions to meet their objectives and ensure that funds are ready when needed.

All Foundation investments are overseen by our experienced Investment Committee, staff and consultants.


Investment Pools

The Foundation is pleased to partner with Northern Trust as our Investment Advisor and primary investment manager. In this role, Northern implements a dynamic asset allocation strategy as approved by our Investment Committee including a completion strategy to complement the allocations of other managers selected by the Investment Committee to ensure an overall portfolio mix that is consistent with our targets.

Main Investment Pool

The Foundation's Main Investment Pool is predominately managed by Northern Trust with a small position of American Funds managed by a secondary investment manager to enhance the Pool's overall value. The investment strategy for the Main Investment Pool focuses on a long-term time horizon conducive to the growth and preservation of endowed funds with an average annual target return of 8 - 9%.

The Main Investment Pool's asset allocation includes a mix of equities, fixed income, cash and alternatives. For greater detail, please view our Statement of Investment Policy or contact David A. Weisz, Foundation vice president for finance, via e-mail or at 630.598.5310.

Additional Investment Pools

The Foundation also offers a variety of other pools to meet the unique needs of our donors and agency partners. These pools vary significantly in their strategies, asset allocations and fees, which can range from .05% to 1.2% annually. Examples include:

  • Capital Preservation
  • Fixed Income 
  • Passively-Managed Equity Index
  • Socially Responsible 

For greater detail, about our additional investment pools, please contact David A. Weisz, Foundation vice president for finance, via e-mail or at 630.598.5310.


Individually Managed Funds

Honoring existing relationships between our donors, agency partners and their investment advisors is important to us. Through our Individually Managed Fund program, donors and agency partners with asset balances of $1 million or greater may recommend that their contributions and deposits be managed by a specific investment manager or utilize an asset allocation outside of those available in our existing pools. Such recommendations are subject to the approval of the Foundation's Investment Committee and Board. If accepted, the requested investment manager must report regularly to the Foundation's Investment Committee.


Fees

Funds at the DuPage Foundation are assessed an annual administrative fee and their respective investment management fees. The administrative fees that we charge may be viewed as a grant to a local charity benefiting DuPage County residents through our grant programs, initiatives and other activities.

There is no fee to open or close a fund at the Foundation; however, any direct expenses incurred on behalf of a fund, including transaction fees that require approval by the fund advisor(s), will be assessed against the fund.

Administrative Fee Schedule

Designated, Field-of-Interest and Unrestricted Funds:

1% annual administrative fee assessed quarterly at .25% on the fund's balance. 

Donor-Advised Funds**:

  • First $1,000,000:
    • .75% assessed quarterly at .001875
  • Next $1,500,000:
    • .50% assessed quarterly at .00125
  • Over $2,500,000:
    • .35% assessed quarterly at .000875*

Agency Funds:

  • First $250,000:
    • 1% assessed quarterly at .0025
  • Next $750,000:
    • .75% assessed quarterly at .001875
  • Next 1,500,000:
    • .50% assessed quarterly at .00125
  • Over $2,500,000:
    • .35% assessed quarterly at .000875*

Pass-Through Funds

Pass-through funds will be charged 3% as funds are deposited. Additionally, any money passed through an endowed fund with a minimum balance of $25,000 will be charged a 1% administrative fee as funds are deposited with no further administrative fee while the money is held. In the event that an endowed fund's principal balance dips below $25,000, any money passed through will be charged a 3% administrative fee upon deposit.

Investment Fee Schedule

All Foundation funds will be assessed their share of investment fees incurred on their behalf; however, no investment fees will be assessed against deposits kept in the Foundation's money market account. Investment fees for Foundation funds currently range from .05% - 1.2% annually depending upon their respective investment pool and investment strategy.

*The Foundation President may negotiate fees for balances over $2,500,000, subject to the approval of the Foundation's Executive Committee.

**All funds in excess of $500,000 as of March 8, 2010 will be grandfathered in using the Foundation's prior fee structure.


The DuPage Foundation is not engaged in rendering legal, financial or tax advice. Information in our publications and on this website is given as a service to provide general information about charitable giving. Individuals' personal situations may vary. Please consult your financial and legal advisors. Performance data provided is based upon past performance and is no guarantee of future results.