Contact Us

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.

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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.


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

Third Quarter 2020:

For the third quarter, 2020, the Foundation’s investments overall had recovered all of what it had lost due to COVID 19 in March, 2020. The Fund’s assets total $34,290,082 and are slightly above the 2019 year end figure of $34,111,000. The Fund is still allocated within investment guidelines: 70% equities, 21% fixed income, and 9% private equity and cash.  The estimated annualized income is $537,415.  

The Fund had a total net return for the third quarter of 5.84%, well above the index return of 5.44%. For the quarter, equities were up 8.10% and fixed income was up .42%; they were both in line with their relative index returns. The long-term view, 3, 5, and 10 year returns, all continued to be positive compared to relative indexes.

Bank of America/U.S. Trust continues to be positive on the economy: money supply is up; interest rates are at an all-time low, and consumer spending, especially in housing and automobile sales, is robust. The investment community is looking ahead and sees a potential vaccine cure and a more robust economy in the spring, which is fueling stock market returns. On the other hand, BOA/U.S. Trust recognizes that the economy is still at significant risk for COVID 19, especially any surges, US-China trade, and the November Presidential election.