- Why Partner with The Dayton Foundation?
- How We Can Help Your Clients
- Benefits for You and Your Clients
- Services for Advisors
- What Advisors Have Said about Us
- Our Advisor Partners
- Talking to Clients about Charitable Giving
- Types of Funds
- What Your Clients Can Give
- Administrative Fees & Investment Policy
- Options for People with Disabilities
- Advisor Newsletter – Futures
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- Seminars & Events
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Administrative Fees and Investment Policy
Community foundations like The Dayton Foundation are known for their low administrative fees on donors' charitable funds.
There is no administrative fee charged for a Charitable Checking Account. 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 minimum annual fee is charged for endowed funds with a market value of $50,000 or below. In addition, money managers will charge an additional fee ranging from 0.18 percent to 1.50 percent.
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,
- establish performance benchmarks and
- continually evaluate investment performance.
The Dayton Foundation Governing Board has final oversight 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 50 foundation-approved investment managers to invest donors' funds.
James R. Pancoast, president and CEO, Premier Health, chair
Kenneth C. Boyer, community leader
Craig Brown, treasurer, Standard Register Company
Matthew V. Filipic, senior vice president for Business and Fiscal Affairs and University treasurer, Wright State University
Robert C. James, retired
William T. Lincoln, president, Berry Investment, Inc.
David T. Miller, vice president of Finance, Dayton Children’s
James H. Miller, III, CFO, Riverrain Groups, Inc.
Richard J. Omlor, former president and CEO, YSI Incorporated
Ratna K. Palakodeti, M.D.,FAAFP, family physician, First Care Family Medical Center, and medical director, First Care AfterHours^ top of page
HERE TO HELP
“For more information regarding our investment policy, contact me.”
– Steve Darnell, vice president, Finance, at (937) 225-9969