Financial Stewardship
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.
Asset Allocation
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% |
| Total | 100% | |
Investment Committee
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.
Current Members
| Adam Briggs, Chair | Brent Steiner |
| Marlene Barkheimer | Ronald Holtman, Trustee Emeritus |
| Mike Jarrett | Melanie Reusser Garcia, Ex-officio |
| Roger Proper |
Investment Returns
Overall, our fiscal year ending June 30, 2024 resulted in an investment return of 12%. 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 |
| 12.0% | 2.6% | 6.7% |
Third Quarter 2024 Investment Performance
| YTD (as of 9/30/24) | 1 Year | 3 Year | 5 Year | |
| WCCF | 12.5% | 22.3% | 4.8% | 7.9% |
| Benchmark* | 13.6% | 24.4% | 5.7% | 8.3% |
| *A blend of 35% S&P 500, 5% Russell MidCap, 5% Russell 2000, 20% MSCI ACWI ex USA, 10% Total Alternatives Benchmark, 25% Blmbg US Aggregate Index. The above investment performance is net of all investment fees. | ||||
Wayne County
Community Foundation
517 North Market Street
Wooster, Ohio 44691
Phone: (330) 262-3877
Fax: (330) 262-8057
Email: [email protected]
