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 investment performance for the Diocesan Composite Fund for the three month period ending December 31, 2016 and for each of the years 2013-2016, 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.
Fund performance 4th quarter 2016: The Foundation currently has 57.75% equities, 23.6% fixed income, 15.8% hedge fund/private equity/real estate and 2.9% cash, approximating the specified allocations. The Fund total is $27.34 million, up approximately $7 million from 2012 and $3.5 million from 2014. Fixed income assets are high quality and relatively short duration, 3.6 years, anticipating a rise in interest rates. While the fourth quarter of 2016 was not stellar (up only 0.21%), the entire year went well (up 3.86%). For the year, equities were only 1.7% below the index; fixed income performed 0.6% above the index. The 5 year and 10 year performance figures, especially equities, are good: equities (even with 2007 – 2009 factored in) outperformed the index over 5 years (12.13% viz 9.35%) and 10 years (5.88% viz 3.55%). For the quarter, 9 of the 17 equity funds performed in line with their indices; 6 underperformed, and 2 funds over-performed. Small-cap funds outperformed large – and mid-cap funds.
The Statement of Information
The Investment Policy Statement
Foundation initial investment form
Foundation investment authorization form
Foundation additions, withdrawals and distribution form