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Diocesan Trustee

Position Description

Overview

The Diocesan Trustees, a group of five laypeople 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 an investment advisor, the Diocesan Trustees:

(a) Establish an investment policy for JIF and monitor adherence to the policy

(b) Review financial performance of JIF and evaluate performance of individual investment managers

(c) As appropriate, make decisions on investment manager replacement, including interviewing new manager candidates

(d) Set the spending rule for the Fund

(e) Oversee the Socially Responsible Investment (SRI) Subcommittee, which monitors compliance with the JIF investment policy to promote Environmental, Social, and Governance (ESG) factors

(f) 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.

Trustees meetings are held quarterly, normally on the third Tuesdays from 4 pm-6 pm, at Trinity Commons in February, May, September (2d Tuesday), and November (other meetings are held as necessary). New members elected at Diocesan Convention attend their first regularly scheduled meeting in November.

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.

Requirements
Please note that in compliance with Resolution R-2, approved by the 201st Convention in 2017, all diocesan elected office holders are required to receive anti-racism training within one year of their assuming office.

Gifts, Experiences, and Skills

The Diocese will benefit from having Trustees who:

  • Can evaluate complicated business-related issues
  • Possess knowledge of finance/investing or the law, or both
  • Have experience providing input for decision-making at both the local church and Diocesan levels.

Recent Accomplishments

  • The Trustees and the SRI Subcommittee circulated toclergy and senior wardens the updated JIF investment policy.
  • The Trustees also authorized the sale of the real estate for the closed parishes of St. Augustine’s, Youngstown and St. Paul’s, Marion.

Continuing Diocesan Trustees

Lay
Mr. Roberet C. Brown, St. Paul's, Cleveland Heights
 
Clergy
The Rev. Elizabeth Frank, St. Mark's, Canton
The Rev. Dr. C. Eric Funston, St. Paul's, Medina
The Rev. Jan M. Smith Wood, Grace, Sandusky
 

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Candidates for Diocesan Trustee

Lay or Clergy