Cost recovery fees will be charged onall funds. This fee will be determined by the Finance Committee and presentedto the Board for approval.

The provision of fees will beincluded in all fund agreement/deed of gifts. Donors will be informed annuallyof the fee.

The fee will be calculated based onthe capital and undistributed earnings in each fund as of the beginning of the month.

Any extraordinary costs associatedwith creating a fund will be borne by the donor unless previously agreed todifferently by the Board.

All transaction fees incurred forCredit Card or other electronically facilitated donations to Funds will becharged against the Fund as incurred.

Canadian Law and RegulatoryCompliance

Every administrative or cost-recovery feewill be authorized by the applicable fund agreement or other enforceable terms,reasonable in relation to the services and costs, consistently applied,transparently disclosed and recorded in the proper fund. A fee will not bestructured to provide an impermissible private benefit.

No official donation receipt will be issuedfor a payment that is properly characterized as a fee for services. Where atransaction includes both a gift and an advantage, any receipt will be limitedto the eligible amount determined under the split-receipting rules.

Application note: This template must be read with theFoundation's articles, bylaws, gift terms and the federal, provincial orterritorial laws that apply to its incorporation, activities and operatingjurisdictions. Organization-specific facts and provincial requirements requirelawyer confirmation before adoption.

Monitoring:Thispolicy will be reviewed every three years.

Board Acceptance: Thispolicy was approved/reaffirmed at the ___________Board meeting.