Innovia Foundation is a nonprofit community foundation dedicated to creating a permanent asset that will drive community transformation and improve lives throughout the region we serve and beyond. This permanence is accomplished through the management of endowed and pass-through funds.
To keep costs to a minimum, fund administration and grantmaking expenses are shared equitably across nearly 500 endowed funds. Administration fees are deducted from each endowed fund no later than September 30 of each fiscal year (July – June). Fees for endowed funds in existence for less than a full fiscal year are calculated on a pro-rata basis. There is no set-up fee for establishing an endowed fund at the Foundation.
Pass-through funds may also be established at the Foundation. There is no set-up fee or administration fee charged on pass-through funds.
Fund founders are invited to make an annual charitable contribution to support the Foundation’s work.
Innovia Foundation welcomes charitable trusts such as a Charitable Remainder Unitrust (CRUT), a Charitable Remainder Annuity Trust (CRAT) or a Charitable Lead Trust (CLT) that name the Foundation (and a specific fund) as a remainder beneficiary. Click here to view the charitable trust administration fee schedule. Please contact us if we can be of assistance to your personal attorney to draft your trust documents.