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Diocesan Trustee
Nominations Form

Overview
The Diocesan Trustees, a group of five lay and clergy, manage and have fiduciary responsibility for the Diocese’s Joint Investment Fund and Real Property of the Diocese:
 
Joint Investment Fund (JIF)*
Working with the Diocese’s Chief Financial Officer, the Diocesan Trustees select, engage, and evaluate the performance of an investment advisor. With the advice of the investment advisor, the Diocesan Trustees:
  • Establish an investment policy for JIF and monitor adherence to the policy
  • Monitor and evaluate the financial performance of JIF
  • Evaluate the performance of individual investment managers and, as appropriate, terminate lagging managers and select new managers 
  • Set the spending rule for Diocesan endowment funds in the JIF and recommend to participating parishes a spending rule for funds they have invested in the JIF
  • Oversee the Socially Responsible Investment (SRI) Subcommittee, which monitors compliance with the JIF investment policy to promote Environmental, Social, and Governance (ESG) factors
  • Work with Diocesan staff on promoting the endowment and planned giving initiatives
 
Real Property of the Diocese
Working with the Bishop, the Diocesan Trustees make decisions about the disposition of, and other appropriate actions related to, the real property of the Diocese in missions, parishes, and at the Diocese itself.
 
*JIF includes (a) endowment funds of the Diocese, (b) funds derived from parishes receiving aid or extinct parishes, and (c) other Diocesan funds and funds of parishes, parish organizations and other not-for-profit organizations affiliated with the Episcopal Church.  JIF is valued at about $55 million.
 
Expectations
Diocesan Trustees serve for a five-year term. The Diocese expects that a Trustee will attend all meetings and be prepared to discuss and make decisions, as appropriate, on agenda items in materials sent to them beforehand or provided at meetings. Typically, the Trustees devote at least one-half of every quarterly meeting to discussions with the investment advisor.
 
Regular Trustees meetings are held quarterly, normally on the third Tuesdays from 4:00 p.m.-6:00 p.m., at Trinity Commons in February, May, September (second Tuesday), and November; additional meetings are held as necessary. New members elected at Diocesan Convention attend their first regularly scheduled meeting in November. Trustees meetings currently are held via Zoom video conference; in the event the pandemic recedes sufficiently to resume in-person meetings, Zoom participation will continue to be available for those for whom travel makes in-person participation difficult.
 
Trustees, along with Diocesan representatives and the JIF investment advisor, meet upon request with leaders of parishes that are interested in participating in the JIF.
 
From time to time the Bishop designates individual Trustees to assist him with particular matters or serve on special committees he establishes.
 
Requirements
In compliance with the 201st Diocesan Convention Resolution R-2, Trustees are required to take anti-racism training conducted by the Diocese within the first year of their assuming office.
 
Gifts, Experiences, and Skills
The Diocese will benefit from having Trustees who:
  • Have significant experience with finance, investing, or money management, or with legal issues related to those activities
  • Are able to evaluate complicated business-related issues
  • Have experience providing input for decision-making at both the local church and Diocesan levels.
 
Recent Accomplishments
  • The Trustees reviewed and revised the diocesan investment and spending policies.
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