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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

Fund Performance for the Third Quarter 2018:

Click here for the investment performance for the Diocesan Composite Fund for the three month period ending September 30, 2018 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 Fund’s assets totaled $31.8 million at the end of the Third Quarter 2018, allocated 67.5% equities, 18.7% fixed income, 8.6% hedge funds, 3.4% private equity and 1.7% cash.  The Fund’s estimated annualized income is $554,827.  The Foundation’s portfolio earned a net return for the Third Quarter of 3.38%, ahead of the index return of 2.91%, partly due to an overweight in equities.  Asset allocations remained within the guidelines set forth in the Investment Policy Statement.

Bank of America/U.S. Trust, the Fund’s Manager, believes that the strong economy will continue and that a recession in 2019 is unlikely.  The Manager expects the S&P 500 to increase 7% in 2019, approximately in line with expected corporate earnings growth.  It does not anticipate a compression in the overall market’s price-to-earnings ratio.

The Fund received an unqualified clean report for its 2017 audit.
 

The Statement of Information

The Investment Policy Statement

Forms:

Foundation initial investment form

Foundation investment authorization form

Foundation additions, withdrawals and distribution form