Finance and Investment

Innovia Foundation is a tax-exempt, 501 (c)(3) community foundation established in 1974. Working in partnership with donors and community partners, Innovia builds assets and distributes the earnings to improve lives and communities throughout the region we serve and beyond. Through the management of endowed funds, Innovia ensures the Foundation will be a permanent asset benefitting generations to come.

Fund Administration Fees

To keep costs to a minimum, fund administration and grantmaking expenses are shared equitably across over 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. 

Non-endowed 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 encouraged to make an annual charitable contribution to support the Foundation’s work.

Charitable Trust Administration

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 call and let us know at 509-624-2606 if we can be of assistance to your personal attorney to draft your trust documents.

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