Fact Sheet
| Current Foundation Accounts | Number | Value as of 12/31/24 |
|---|---|---|
| Agencies | 25 | $3,386,215 |
| Churches | 446 | $79,588,241 |
| Endowments | 93 | $10,116,994 |
| Districts | 20 | $12,601,846 |
| Conference | 2 | $2,208,764 |
| Foundation-controlled funds | 14 | $1,233,361 |
| Total: | 600 | $109,135,421 |
Current Fee Schedule:
- Up to $200,000: 75 bps
- $200,001 to $500,000: 72 bps
- $500,001 to $1,000,000: 69 bps
- $1,000,001 to $2,000,000: 66 bps
- $2,000,001 to $3,500,000: 64 bps
- $3,500,001 to $5,000,000: 62 bps
- $5,000,001 to $6,500,000: 59 bps
- $6,500,001 to $8,000,000: 54 bps
- $8,000,001 to $10,000,000: 49 bps
- $10,000,001 and over: 44 bps
Merrill Lynch Global Institutional Consulting
| Relationships | Assets | |
| M/L Global Institutional Consulting | 36,784 | $215 Billion |
| Non-Profit/Religious-Based (>$10MM) | 802 | $32 Billion |
Kelly-Nagel Group
A designated institutional investment consulting team with Merrill Lynch’s Global Institutional Consulting group with a focus on non-profit faith based organizations. The team consists of three global institutional consultants, one senior consultant, five analysts and advisors, and three admins with offices in both Louisville, Kentucky, and Albuquerque, New Mexico.
| Kelly-Nagel Group | Number | Assets |
| Clients | 40 | $3.5 billion |
| Non-Profit/Religious-Based | 30 | $2.2 billion |
Advisors for VAUMF:
- Scott Kelly, Senior Vice President – 32 years’ experience
- Junaid Ahmad, Senior Vice President – 22 years’ experience
- Josh Nagel, Managing Director – 23 years’ experience
Other Methodist Foundations who are Merrill Lynch clients:
Kentucky, Indiana, Tennessee, Pennsylvania and Louisiana