Communication Regarding Reduction in Trust Account Fees

General, HR, Budget Matters

Communication Regarding Reduction in Trust Account Fees

Postby kcruz » Fri Mar 20, 2015 9:30 am

Dear Campus Community:

As of January 1, 2015, the Foundation revised its Trust Account Policy by reducing its administrative handling fee to 6% from 8% to be consistent with the percentage assessed on State trust accounts.

We are hopeful that this change will alleviate any confusion and will also help to maximize program funds needed to support your various programs and initiatives. We appreciate our Board of Governors support in making this change.

If you have any questions regarding this policy change, please feel free to contact Keith Kompsi, Director of Foundation Financial Services at 559.278.0850 or kkompsi@csufresno.edu
kcruz
 
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