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 J.C. Johnston III, 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.
|J.C. Johnston III, Chair||Brent Steiner|
|Marlene Barkheimer||Mary Alice Streeter|
|Adam Briggs||Howard Wenger|
|Mike Jarrett||Ronald Holtman, Trustee Emeritus|
|Steve Matthew||Sara Patton, Ex-officio|
Overall, our fiscal year ending June 30, 2020 resulted in an investment gain of 3.2%. 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 2021 Investment Performance
(as of 3/31/21)
|1 Year||3 Year||5 Year|
|*A blend of 25% S&P, 5% Russell MidCap, 5% Russell 2000, |
20% MSCI ACWI ex USA, 18% HFRI FOFs Composite Index,
2% FTSE NAREIT Developed, and 25% BBgBarc US Aggregate TR.
The above investment performance is net of all investment fees.