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Administrative Fees and Investment Policy
Administrative Fees
Community foundations like The Dayton Foundation are known for their low administrative fees on donors' charitable funds.
Currently at The Dayton Foundation, administrative fees for endowed (long-term) funds range from 0.70 percent to 1.4 percent, depending upon the type of fund and its current market value. A minumum annual fee is charged for endowed funds with a market value of $50,000 or below. There is no administrative fee charged for a Charitable Checking Account.
Investment Policy Highlights
Click here for The Dayton Foundation's Statement of Investment Policy. This document is in Adobe Acrobat PDF format. If you do not have Acrobat click here to download a free version.
We take seriously our role as a responsible steward of the funds that you entrust to our care. Your gift, no matter what its size, reflects your trust in our ability to invest resources wisely and to use the resources represented by your fund to carry out your charitable wishes. The Dayton Foundation's volunteer Finance Committee, comprised of members of leading financial and investment institutions and businesses, works with our professional staff to:
• develop investment policies, The Dayton Foundation Governing Board has final oversite of investment policies and performance. The Foundation also employs the Fund Evaluation Group to provide third-party evaluation of investment performance on a quarterly basis. Under the Finance Committee's guidance, funds are invested with a balanced approach, incorporating equities, fixed income and cash. The goal is to provide for consistent long-term asset growth. Most endowment funds are maintained and reported separately, but are pooled for investment purposes for optimal performance and cost effectiveness. We utilize more than 30 foundation-approved investment managers to invest donors' funds. "For more information regarding our investment policy, contact me, Steve Darnell, vice president, Finance, at (937) 225-9969."
Finance Committee
Craig Brown, treasurer, Standard Register Company chairKenneth C. Boyer, community leader Thomas G. Breitenbach, retired president & CEO, Premier Health Partners Matthew V. Filipic, senior vice president for Business and Fiscal Affairs and University treasurer, Wright State University William T. Lincoln, president, Berry Investment, Inc. David Miller, vice president of Finance, Childrens Medical Center James H. Miller, CFO, Riverrain Groups, Inc. Ronald Wagner, president, Setzer Corporation
Trustee Financial Institutions
Fifth Third Bank: Steven PetitjeanJPMorgan Chase & Co.: Joey D. Williams KeyBank: Edward B. Reilly Merrill Lynch: John M. York PNC Bank, Ohio, NA: David Melin US Bank: David W. Fisher
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The Dayton Foundation. We Help You Help OthersSM
File date: 02-07-2012
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