MB Foundation manages $200 million in total assets. As fiduciary of these assets, we have developed professional strategies and services to steward funds with excellence. We have access to nationally recognized fund managers and professional investment consulting at very cost-effective rates. In addition, all of our investing is subject to our morally responsible investment criteria. After refining our investment philosophy and practices through our endowment management program, we are now extending the same great service to ministries needing help with managing non-endowment funds.
The Ministry Fund is a unique tool developed for charities that have funds which don’t fit into an endowment program, but still present unique investment opportunities. Funds like reserve funds, funds for operation, designated funds, etc. all have unique investment characteristics which may allow them to be invested in different ways. By investing through a Ministry Fund with MB Foundation, an organization gains a high level of professional expertise, low expenses and great service.
With a minimum initial balance of $10,000, a 501(c)(3) organization may open a Ministry Fund. The organization will receive a quarterly statement and the Fund may be invested in one of three Allocation Models:
The Fund will be responsible for any legal or other direct expenses incurred on behalf of the Fund and will be charged a management fee of 0.75%.