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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

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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.

Directory of Diocesan Foundation Trustees

The Statement of Information

The Investment Policy Statement

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.
 

Forms

Foundation initial investment form

Foundation investment authorization form

Foundation additions, withdrawals and distribution form

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
 

Performance of the Composite Fund

Fund Performance for the Second Quarter, 2021:

Bank of America reported positively for the fund’s performance for the second quarter of 2021.  The value of the fund’s assets totaled $42,429,061, up $3,600,000 from the previous quarter.  The fund was allocated 73% equities, 19% fixed income, 6.0% private equity and 2.0% cash.  The estimated annual income is $522,854.

The Fund had a total net return for the second quarter of 7.03%.  Equities had a solid second quarter, up 7.99%, above the relevant index; fixed income was up .91%, compared to the relevant index of .78%; and private equity showed a large gain of 21.37%.  For the preceding twelve months, equities were up 40.84%; fixed income was up .16%; and private equity was up 45.24%.  For the preceding twelve months, the total portfolio, net of fees, was up 29.99%.  Long term performance was also positive across all investment categories.

Bank of America/U.S. Trust continues to be positive about equities; hence, the fund is currently near the upper limit of the Investment Policy Statement allocation for equities. Bank of America pointed to the influx of stimulus dollars, strong GDP, strong consumer spending and confidence, and booming housing as contributing factors.  BOA/US Trust sees equities remaining strong in 2021 and into 2022.  However, several concerns exist:  possible high taxes in some sectors, major earnings mixed, the ever-present geopolitical climate. The biggest risk is the threat of increased inflation.