From the President: New Look. New Location. Renewed Commitment to Our Community.
Suite 100, in Dayton.
Welcome to the new home – and new look – of The Dayton Foundation. I’m thrilled to share with you what we anticipate will be an exciting future for the Foundation.
In addition to energizing the decor of our office space, we took this opportunity to freshen the Foundation’s logo. It still reflects our mission – to help you help others – but with a lighter, more modern appearance. We hope that you like our bold new look, both in our logo and in the splashes of color and artwork throughout our office space. Please stop by and visit us. We’d love to show you around!
More important than bricks and mortar are the partnerships that our new location will help inspire. Let me share a couple of efforts currently underway.
First-in-the-Nation, Student-Managed Investment Portfolio
The University of Dayton Davis Center for Portfolio Management represents some of the rising stars in the finance industry. This student-directed organization manages the Flyer Investment Fund, which was first launched in 1999 with a $1 million grant from the University’s endowment. Today, the fund is valued at nearly $35 million and is the second largest student-managed investment portfolio in the country and the largest managed exclusively by undergraduates.
Success at this level didn’t escape our attention. This fall, thanks to the support of a group of Dayton Foundation fund holders, we have placed a $1.5 million pool of assets with the Davis Center students to manage. With Foundation donors serving as “outside” clients, the students will gain real-world portfolio management experience. We believe that this undergraduate student-managed portfolio for a community foundation is the first of its kind, giving the students a competitive edge as they seek careers in the investment industry.
And that’s not all. Students also will gain first-hand experience in philanthropy as the Davis Center is reducing its management fee. These dollars will go into a Dayton Foundation Charitable Checking Account℠ and Foundation staff will assist the students in awarding grants to charitable causes in which UD is involved in the community. We couldn’t be more excited at the prospects of this partnership and sincerely thank our fund holders and the Davis Center for joining with us in this enterprise.
Institute for Livable & Equitable Communities
Also taking shape is the Institute for Livable & Equitable Communities. This collaboration between the Foundation and leading community health and educational organizations is focused on creating programs and systems for a community where everyone is valued, regardless of race, age, income or abilities. Earlier this summer, the Foundation’s Governing Board adopted this effort as a new Foundation leadership initiative and awarded a three-year, $375,000 discretionary grant.
While still in its infancy, the Institute’s framework will be built around nine domains, eight of which are outlined by the World Health Organization/AARP, including housing, transportation, education, employment and social participation.
We are so grateful for the Miami Valley Regional Planning Commission, which is taking the lead in this effort, including hiring a manager to administer the program. Other organizations partnering in the initiative to date include Kettering Medical Center, Learn to Earn Dayton, Premier Health Partners, Sinclair Community College and University of Dayton. We will share more about this initiative in the months ahead.
I firmly believe collaboration is the path forward for our community. Dayton will thrive as more and more dedicated individuals and organizations take a seat at the table and do their share to help others. We thank you all for your efforts.
Standing Together In Times of Tragedy
Our community’s resilience has been tested in recent months. The Memorial Day tornadoes and the Oregon District mass shooting touched us all. On behalf of The Dayton Foundation staff and volunteers, I wish to thank everyone who contributed to the Foundation’s charitable funds or volunteered to help the victims of these tragedies. Times may have been dark these past months, but we stood together as a community, and together we’ll grow stronger.
– Michael M. Parks, President
Good News is made possible by five Dayton Foundation donors and families who have stepped forward to become the Foundation’s 2018-2019 “I Believe!” Partners. Click here to read their stories.
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