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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 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:

Following the allocations in the Fund’s Investment Policy Statement, the Fund’s assets currently include 62% equities, 25% cash and fixed income, and 13% hedge funds and private equity/real estate.  The anticipated $780,000 liquidation of some of the hedge funds will be reinvested.  Bonds have high quality and relatively short duration to protect against rising interest rates.  The Fund, totaling $29.9 million, was up 3.31% for the quarter, compared to the combined index of 2.35%.  Equities climbed 4.54%, slightly above the benchmark; both fixed income and hedge funds outperformed their respective benchmarks.  For the preceding 12 months, the portfolio was up 11.42%, compared to 9.93% for the benchmark.  Three year, five year, and ten year numbers reflect the Fund’s continued strong growth and recovery from the dismal economic times in the mid-2000s.

Overall, the portfolio maintained strong performance from the first quarter.  Nine of the 16 equity holdings outperformed their benchmarks; two equity holdings underperformed; four holdings were in line with their benchmarks.  Large cap equities generally outperformed their benchmarks, and mid and small cap holdings had a good second quarter.  International holdings outperformed domestic holdings and growth equities performed better than value holdings.

Bank of America continues to have a cautiously optimistic economic outlook based upon continued expansion in Europe, China and Japan and continued improvement in the United States.  Labor, unemployment, housing numbers continued strong for the quarter.


The Statement of Information

The Investment Policy Statement

Forms:

Foundation initial investment form

Foundation investment authorization form

Foundation additions, withdrawals and distribution form