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Episcopal Diocese of Southern Virginia
11827 Canon Blvd., Suite 101
Newport News, VA 23606-3071
757-423-8287 Main
800-582-8292 Toll Free
757-595-0783 Fax

Click here to contact us.

Click here for staff.

The diocesan offices are open Monday through Friday from 8 a.m. to 4 p.m.

Click here for directions to the diocesan office.

Diocesan Foundation


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 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

Click here for the investment performance for the Diocesan Composite Fund for the three month period ending June 30, 2017 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.

2nd Quarter Performance Report:

The Fund’s assets currently include 63% equities, 26% fixed income and cash, 11% hedge funds and private equity/real estate, all within the parameters of the Investment Policy Statement established by the Trustees.  The Fund, totaling $30.5 million, was up 3.48% for the quarter, compared to the combined index of 2.98%. Equities matched the benchmark of 5.18%, while fixed income outperformed and hedge funds underperformed their benchmarks.  For the preceding 12 months, the portfolio was up 11.98%, compared to the 10.03% benchmark.  Three year, five year, and ten year figures continue to outperform their benchmarks by 1.27%, 1.11%, and .22%., respectively.  Bank of America believes that the hedge funds, which account for almost 9% of the Fund, are the right amount for the investment strategy. Overall, the Fund’s equities maintained good performance from the second quarter.  Four of the sixteen equity holdings outperformed their benchmarks; nine holding were in line with their benchmarks; and three equity holdings underperformed their benchmarks.  Generally, large cap and international holdings outperformed their benchmarks.  Only one out of the five mid and small cap holdings slightly outperformed its benchmark. The Fund managers continue to have an optimistic outlook on the economy despite the anticipated gradual rise of interest rates.  The housing market and labor statistics look good for the coming quarter and 2018.  The managers expect continued economic growth.


The Statement of Information

The Investment Policy Statement

Forms:

Foundation initial investment form

Foundation investment authorization form

Foundation additions, withdrawals and distribution form