Exhibit No. EX-99.h.4
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 19103
January __, 2007
Delaware Group Foundation Funds
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending to
be legally bound hereby, Delaware Distributors, L.P. (the "Distributor") agrees
that in order to improve the performance of Delaware Aggressive Allocation
Portfolio, Delaware Moderate Allocation Portfolio, and Delaware Conservative
Allocation Portfolio (collectively, the "Portfolios"), which are series of
Delaware Group Foundation Funds, the Distributor shall waive a portion of the
Rule 12b-1 (distribution) fees for the Portfolios' Class A and Class R Shares,
so that such Portfolios' Rule 12b-1 (distribution) fees will not exceed the
amounts indicated below for the period February 1, 2007 through January 31,
2008:
Portfolio Expense Limitation
Delaware Aggressive Allocation Portfolio
Class A 0.25%
Class R 0.50%
Delaware Moderate Allocation Portfolio
Class A 0.25%
Class R 0.50%
Delaware Conservative Allocation Portfolio
Class A 0.25%
Class R 0.50%
The Distributor acknowledges that it shall not be entitled to collect on,
or make a claim for, waived fees at any time in the future.
Delaware Distributors, L.P.
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
Delaware Group Foundation Funds
By: _________________________
Name:
Title:
Date:
