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Committees

Finance and Investment Committee

The Finance and Investment Committee plays a critical role in protecting and growing the community foundation’s endowment for the good of the community. The committee’s main responsibility is to oversee the community foundation’s financial operations and ensure its investment portfolio is managed prudently. Other responsibilities of the Finance and Investment Committee include:

  • Developing investment policy guidelines with a focus on long-term growth
  • Selecting asset classes and establishing an asset allocation policy
  • Reviewing management and investment costs that affect the community foundation’s portfolio
  • Evaluating the community foundation’s investment performance by comparing it to portfolios with similar assets and total value
  • Selecting investment managers and allocating assets among those managers
  • Analyzing the performance of investment managers relative to their respective benchmarks and peer groups
  • Replacing any investment managers that are not following the community foundation’s policies or achieving its objectives

Finance and Investment Committee members

Rick Fedorovich
Chair
Rick Fedorovich

Treasurer and Finance Committee Chair
CEO and Managing Partner, Bober Markey Fedorovich
Board member since 2012

Rick Fedorovich is a certified public accountant with more than 30 years of experience in accounting and business advisory services. His professional affiliations include the Ohio Society of Certified Public Accountants and PKF International. Rick is a longtime community volunteer and currently serves on the boards of BVU: The Center for Nonprofit Excellence, Greater Akron Chamber, Welty Family Foundation, Archbishop Hoban High School, Akron Automobile Club and Akron General Health System. He is also a graduate of Leadership Akron.

Tommy Bruno
Tommy Bruno

Community Relations Committee Chair
General Manager, 91.3 The Summit
Board member since 2010

As general manager and executive director of WAPS-FM 91.3 “The Summit”, Tommy Bruno is skilled in developing one-of-a-kind media services, collective fundraising, and strategic marketing. He leads the Akron based non-profit organization responsible for the development, and creative content on the award-wining channels: Summit Flashback, KIDJAM! Radio™ and Rock and Recovery™. Tommy is a graduate of John Carroll University, and is a member of Leadership Akron Class XXVI. He currently serves on the boards of Summit Education Initiative, and Northern Ohio Golf Charities.

Steven Cox
ex officio
Steven Cox

Chair
Partner, Roetzel & Andress LPA
Board member since 2008

An attorney at Roetzel & Andress, Steven Cox specializes in business and tax matters and estate and succession planning. He was recognized as one of the area’s top lawyers by The Best Lawyers in America® and Akron Life magazine. Steven has numerous professional affiliations, including the Akron Bar Association, Tax and Estate Planning Council of Akron, and the National Committee on Planned Giving. In the community, Steven is a graduate of Leadership Akron, chairman of the board at Stan Hywet Hall & Gardens, and an active board member of Embracing Futures and Children’s Family Care.

John T. Petures Jr.
ex officio
John T. Petures Jr.

Joined the staff: May 2008

Favorite thing about Akron Community Foundation: We have a wonderful role in teaching and promoting permanent philanthropy for the good of the community. It’s an amazing concept to give forever and provide hope for current and future generations. I’m also a firm believer that people don’t give to causes, they give to people, and I’m proud the community foundation is such a catalyst in introducing fundholders and prospective donors to inspiring nonprofit leaders in our community.

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Audit Committee

The Audit Committee is responsible for reviewing all of the community foundation’s yearly audit processes, internal control systems and public financial information. The committee is composed of independent directors that are not associated with any major vendors or customers of the community foundation. In addition to overseeing audit matters, the committee provides an open line of communication between the auditors and the board of directors. Committee members also have the power to conduct investigations into the community foundation’s internal financial systems, ensuring that the community foundation operates with the utmost transparency and fiscal integrity. 

Audit Committee members

Rick Fedorovich
Rick Fedorovich

Treasurer and Finance Committee Chair
CEO and Managing Partner, Bober Markey Fedorovich
Board member since 2012

Rick Fedorovich is a certified public accountant with more than 30 years of experience in accounting and business advisory services. His professional affiliations include the Ohio Society of Certified Public Accountants and PKF International. Rick is a longtime community volunteer and currently serves on the boards of BVU: The Center for Nonprofit Excellence, Greater Akron Chamber, Welty Family Foundation, Archbishop Hoban High School, Akron Automobile Club and Akron General Health System. He is also a graduate of Leadership Akron.