Financial and investment assistance is available to Southern Virginia’s parishes, congregations and agencies!

The mission of the Southern Virginia Diocesan Foundation is to provide financial and investment management assistance to parishes, congregations, missions and agencies within the diocese, to assist in promoting the financial stability of the diocese and its member organizations and to help provide such related services as may be considered necessary or desirable by the Southern Virginia Diocesan Foundation Board of Trustees to help support diocesan and parish activities.

The Episcopal Diocese of Southern Virginia organized a Virginia non-stock corporation known as the Southern Virginia Diocesan Foundation to provide its parishes, missions and agencies with investment assistance. This corporation established a pooled investment fund known as the Diocesan Composite Fund in 1950 and has since operated it as a professionally managed, long-term investment vehicle for parishes, congregations, missions and agencies within the diocese that desire or need investment assistance in managing their special purpose accounts.

The Foundation is a charitable religious organization that operates under the auspices of the diocese and is managed by a Board of Trustees. The Foundation’s day-to-day activities are managed by the treasurer of the diocese.

Click here to see a directory of the Diocesan Foundation trustees.

Interested in planned giving?

Here is some information that may help you:
Planning Giving Resources from the Episcopal Church Foundation
Ministry of Planned Giving brochure on planned giving

Any congregation may invest in the Diocesan Foundation. If your parish would like to participate in the Foundation, please fill out the forms below and send the completed forms and your check to diocesan treasurer.
 

Performance of the Composite Fund

First Quarter 2013 Performance

Diocesan Fund was up 4.76% for the First Quarter. Equities performed between the two equity benchmarks; bonds were down two points from the benchmark; hedge funds were slightly below the benchmark. The First Quarter was strong for equities and the investment manager was optimistic about growth. Three of the fourteen equity investments outperformed the benchmark; five tracked the benchmark; six underperformed. Domestic equities outperformed foreign equities. Large cap funds outperformed mid and small cap funds. However, overall, the Fund performance was still strong. Bonds are high quality, A or better, with the weighting still in corporate rather than government.

Click here for the investment performance for the Diocesan Composite Fund for the three month period ending Mar. 31, 2013 and for each of the years 2009-2012, as well as the last 60 months, for equity, fixed income and hedge fund investments and the total Fund return. The chart is a record of past performance and no representation or warranty is made by the Foundation that these investment results will be achieved during any future investment period.

The Statement of Information

The Investment Policy Statement

Forms:

Foundation initial investment form

Foundation investment authorization form

Foundation additions, withdrawals and distribution form