Carroll County Community Foundation Facts

Founded. June 14, 1994

Legal Form. Ohio non-profit corporation

Charitable Status. Through an affiliation with Stark Community Foundation, a 501(c)(3) public charity, all contributions to The Carroll County Foundation, Inc. receive most favorable tax deductibility treatment.

Governance. Nine-member Board of Governors with six publicly-appointed and three at-large appointed by the Board itself.

Current Governors
RICK HANNON, Chair
FRANCES MAHMOUD, appointed by The Carroll County Retired Teachers’ Association in 2006
JANET THOMAS, appointed by The Carroll County Commissioners in 2004
DEBRA K. HAUGH, Vice-Chairman, appointed as an at-large member in 2004
ROSE KIENZLE, appointed by The Carroll County Farm Bureau in 2005
RICK TRUMAN, Secretary
GARY PEARCE, appointed as an at-large member in 2006
SEAN SMITH
PASTOR JOHN LEAF, appointed by The Carroll County Ministerial Association in 2004

Total Assets on December 31, 2009: $11,009,203

SCF Investment Performance 98-07 - Download PDF

Asset Allocation 07 - Download PDF

Investment Oversight. Stark Community Foundation Investment Review Committee meets quarterly to review performance of Trustees banks and investment managers. Current asset allocation is 60% equities plus 40% fixed income and cash. Total return in 2005 (net of expenses) was 4.8%.

Types of Funds.

1. General Purpose
2. Field-of-Interest
3. Designated
4. Donor-Advised
5. Agency Endowments
6. Scholarships
7. Future

Operating Cost.
Very minimal start-up costs (phone line, stationary, and brochure). SCF administrative costs last year were about 70 basis points (7/10 of 1%); investment costs were about 45 basis points. The Carroll County Foundation has benefited from the volunteer efforts of the Board of Governors.

Staff. None

Front Row: Rose Kienzle, Janet Thomas, Debra Haugh, Frances Mahmoud
Back Row: Rick Truman, Rick Hannon- Chairman, Gary Pearce, John Leaf
Kathleen A. Stoneman not shown