The Trustees of the Funds is an elected board charged with oversight of professionally managed\u00a0investment portfolios benefiting the churches and organizations of the Dioceses of Virginia,\u00a0Southern Virginia and Southwestern Virginia. Chartered in 1892, The Trustees of the Funds is\u00a0one of the oldest Episcopal Church organizations in the Commonwealth of Virginia, with roots\u00a0to 1754, predating the Episcopal Church, not to mention the United States.<\/p>\n
The goal of the Trustees is to preserve and enhance the real (inflation-adjusted) purchasing\u00a0power of the core portfolio while providing a steady and consistent spending stream for the\u00a0support of fund participants using the core portfolio. Based on this management goal, the\u00a0investment objective for the core portfolio is to attain a real total return of at least five percent\u00a0per annum over the long term. Nearly 700 distinct funds represent the support of over 140\u00a0churches and institutions within Virginia.<\/p>\n
A second portfolio, known as STAMP, for Short-term Asset Management Pool, was developed in\u00a02012 to assist Episcopal Church entities with cash management. It was designed to provide a\u00a0fully liquid portfolio with a blended duration of 12-18 months and to exceed the return of a CD\u00a0of the same duration period.<\/p>\n
A third option, a Gift Annuity Fund, is being launched during 2016. This “GAF”\u00a0option should be\u00a0a valuable component of planned giving and capital campaign programs. Please see the GAF\u00a0section of the web for more information on this exciting addition to the Trustee\u2019s support of\u00a0the Episcopal Church in Virginia.<\/p>\n
Chartered in 1892, The Trustees of the Funds is an independent, related organization of the\u00a0Diocese of Virginia. It was founded to support, strengthen and enhance the communities\u00a0served by the Protestant Episcopal Church in Virginia. Through accessible investment services\u00a0and planned giving education, The Trustees of the Funds seeks to provide the economic engine\u00a0for the Episcopal Church in all of Virginia in helping others discover, refine and use their\u00a0spiritual gifts.<\/p>\n
Trustees are elected from nominees approved by the Annual Convention of the Diocese of Virginia.\u00a0Each Trustee serves a three-year term and may serve two consecutive terms. Trustees are required to\u00a0be parishioners of Diocese of Virginia churches and are nominated by their church or region.<\/p>\n
The current Trustees and ex officio members for 2016-2017 are:<\/p>\n
Alan Aument, CFA
\nSt Alban\u2019s, Annandale
\nTrustee Class: 2017, Term: 2nd<\/p>\n
<\/p>\n
Patricia Deane, CFA
\nBuck Mountain Church, Earlysville
\nTrustee Class: 2017, Term: 2nd
\nPresident<\/p>\n
<\/p>\n
Robert Patterson
\nSt. Paul\u2019s, Richmond
\nTrustee Class: 2019, Term: 1st<\/p>\n<\/div><\/p>\n
Arthur Brinkley
\nSt. James\u2019, Richmond
\nTrustee Class: 2018, Term: 1st<\/p>\n
<\/p>\n
James Harding
\nWicomico Church
\nTrustee Class: 2017, Term: 2nd
\nVice-President<\/p>\n
<\/p>\n
Allen Rider
\nSt. Mary\u2019s, Goochland
\nTrustee Class: 2018, Term: 1st<\/p>\n<\/div>
Hugh Bryan III, M.D.
\nAbingdon Church, White Marsh
\nTrustee Class: 2019, Term: 1st<\/p>\n
<\/p>\n
Denis O\u2019Sullivan, CFP, CFA
\nSt. Francis, Great Falls
\nTrustee Class: 2019, Term: 2nd
\nVice-President<\/p>\n
<\/p>\n
James Tyler
\nWestover Church, Charles City
\nTrustee Class: 2018, Term: 1st<\/p>\n
Shannon Johnston
\nBishop of Virginia<\/p>\n<\/div><\/p>\n
Charles Aiken
\nSt. Mark\u2019s, Richmond
\nChaplain<\/p>\n<\/div>
<\/p>\n