The primary objective for the investments of the Wayne County Community Foundation is the preservation of capital while providing for the long-term growth of principal without undue exposure to risk. A copy of the WCCF Investment Policy Guidelines is available by contacting our office at 330-262-3877.
The goal of the Foundation’s investment program is to preserve and enhance the value of donor gifts, build capital for the future, and meet community needs today. To accomplish these ends, we maintain a diversified portfolio overseen by multiple managers. The Investment Committee of the Board of Trustees, chaired by Adam Briggs, regularly reviews the asset allocation strategy.
|Asset Allocation as of November 2020|
|Asset Type||Target||Tolerance Range|
|US Large Cap Equities||35%||25% - 45%|
|US Mid Cap Equities||5%||0% - 10%|
|US Small Cap Equities||5%||0% - 10%|
|International Equities||20%||10% - 30%|
|Alternative Investments||10%||0% - 20%|
|Fixed Income & Cash||25%||15% - 35%|
Members of the Foundation’s Investment Committee establish policy, hire investment managers, and evaluate performance. In turn, the Investment Committee is advised by independent investment consultants, Clearstead of Cleveland, with regard to all aspects of the Foundation’s portfolio. The Foundation retains The Commercial & Savings Bank and Fidelity Investments for banking and custody services.
|Adam Briggs, Chair||Mary Alice Streeter|
|Marlene Barkheimer||Ronald Holtman, Trustee Emeritus|
|Mike Jarrett||Melanie Reusser Garcia, Ex-officio|
Overall, our fiscal year ending June 30, 2022 resulted in an investment loss of -13.4%. The return rate is net of all investment and banking fees, except for WCCF's administrative fee (ranging from 0.5% to 1.0%, depending on type and/or size of the Fund). Below are the Foundation's investment returns over one, three and five year periods.
|1 Year||3 Years||5 Years|
First Quarter 2023 Investment Performance
(as of 3/31/23)
|1 Year||3 Year||5 Year|
|*A blend of 25% S&P 500, 5% Russell MidCap, 5% Russell 2000, |
20% MSCI ACWI ex USA, 20% Total Alternatives Benchmark,
25% BBgBarc US Aggregate TR.
The above investment performance is net of all investment fees.
517 North Market Street
Wooster, Ohio 44691
Phone: (330) 262-3877
Fax: (330) 262-8057