What is the Investment Fund of the diocese?

What is the Investment Fund of the diocese?

Welcome to the best kept secret for some congregations - the Investment Fund of the Episcopal Church in the Diocese of Northern California. This Fund is available to congregations and the Diocese to take advantage of an investment pool,  managed with diversification and a very low fee structure that uses third party experts. This Fund strives to balance investment return and risk while protecting the fiduciary responsibility of the leadership of each congregation. These funds are designed for investment on a longer term basis and not for funds needed for current operations. The returns for these funds have been well in line with the benchmarks established for the classes of investments and overall portfolio over the years and leaves the day to day decision making in the hands of experts.
The mission of the Fund is to not only provide this investment opportunity, but to also provide loans to congregations and the Diocese for new construction and major renovations. Along with money management, the Fund provides needed loans to fund projects where traditional bank lending is not available. The Fund has never lost any principle on the loans in its history and loans can make up as much as 20% of the investment pool.
Established in 1975 this investment vehicle was originally known as the Endowment & Memorial Trust. The Board of Trustees appoints the Investment Fund Committee, responsible for the Fund oversight and the Committee uses the expertise of a third party custodian, US Bank and Investment Advisor, Highmark Financial. Investors/parishes get monthly statements of activity from US Bank. High mark  Financial Advisor follows the Investment Policy of the Fund, including socially responsible exclusions from the National Church. Three investment funds are available for parishes to participate in: the A Fund which is balanced with stocks, bonds and selected types of alternative investments; the B Fund, known as the Income fund is invested mostly in bond funds and the C Fund which is the money market fund to provide liquidity with modest returns. Stay tuned as we provide you additional information in the weeks to come.

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