Edgehill Endowment Partners LLC

ITEM 5. FEES AND COMPENSATION

Fees

Edgehill may be entitled to different types of fees from each Client account that it manages: (a)
an asset-based advisory fee and (b) an incentive fee. The asset-based advisory fee is calculated
based upon a specified percentage of that Client’s account assets. The fixed advisory fee is
negotiated with each Client, if applicable. The advisory fee may be paid monthly or quarterly, in
advance or in arrears, depending on the specific fee arrangement with each Client. If a Client
pays in advance of services rendered, and its contract with Edgehill is terminated before the
period has ended, a pro rata portion of the unused fees will be refunded to that Client.

The incentive fee (which may not be applicable to every Client) is calculated as a specified
percentage of the yearly net profits of each Client’s investment assets or a portion of those assets
in excess of a specified benchmark. The incentive fee is determined and paid on an annual basis
and it is calculated on the cumulative outperformance. It is subject to a loss carry forward that
requires that underperformance relative to the specified benchmark be offset by future
outperformance relative to the benchmark.

Notwithstanding the foregoing, it is anticipated that our fee arrangements with a Client will be
negotiated and agreed upon on a Client-by-Client basis, and specific fee arrangements may differ
in one or more material respects from the fees described above. The specific compensation payable
by a Client will be described in the Investment Management Agreement to be entered into by and
between the Client and Edgehill.

Expenses
Each Client incurs account administration and other investment-related financial services costs in
connection with an investment account. Costs could include brokerage commissions, banking
and custodial services, taxes, duties and other governmental charges, transfer and registration
fees, audit and other expenses. Except for legal expenses that arise due to a Client’s unique
requirements, Edgehill incurs its own expenses associated with the performance of investment
management services on behalf of a Client. An Edgehill Client is subject to the management and
incentive fees, as well as the operational and administrative expenses charged by the Investment
Managers in which they invest.

The brokerage and other transaction costs that are borne by an Edgehill Client are described in
more detail in Item 12 (Brokerage Practices) in this brochure.

Neither Edgehill nor any of its supervised persons accept compensation (e.g., brokerage
commissions) for the sale of securities or other investment products.

 Edgehill Endowment Partners LLC                -6-                     SEC File #: 801-80041 CRD #: 171994

ITEM 7. TYPES OF CLIENTS

Edgehill provides discretionary and non-discretionary investment management services to U.S.
endowments, foundations, and other mission-based institutions that are tax-exempt. Generally,
each Edgehill Client is expected to employ a multi-manager, multi-strategy investment approach.
The minimum account size for any Client is currently one hundred and fifty million dollars
($150,000,000), which Edgehill may waive in its discretion. Currently, the Firm provides only
discretionary investment advisory services to its Clients.

 Edgehill Endowment Partners LLC             -8-                    SEC File #: 801-80041 CRD #: 171994