Investments

Investment Policy

Investment Managers 

The Foundation contracts with several banks for custody and investment of its permanent assets. Investment returns on the Statement of Financial Activity are reported net of the fees charged by the various banks.  

These fees are as follows:

Custodial Fee for Equity and Fixed Income Investments

  • WesBanco Trust & Investment Services - 15 basis points (excluding investments managed by WesBanco)

Investment Fees – Equity Investments

  • WesBanco Trust & Investment Services – 30 basis points (with further reductions for investments in proprietary mutual funds)
  • PNC Bank – 60 basis points (with further reductions for investments in proprietary mutual funds) 
  • Community Foundation Program of the American Funds – 25 basis points to WesBanco. Referring brokers receive 25 basis points from the internal fee of the mutual fund.

Investment Fees – Fixed Income

  • WesBanco Trust & Investment Services – 30 basis points (with further reductions for investments in proprietary mutual funds)
  • Certificates of Deposit – cfsbank, First Federal Savings Bank, Northwest Savings Bank, and Washington Financial – rates are net of fees

The WCCF does not provide financial benefits to third-party participants in the gift planning process.