Diocesan Foundation Common Fund
The Diocesan Foundation (Common Fund), founded in 1952, is a collective investment vehicle available to congregations and diocesan organizations (Investors). There are more than thirty Investors and the Common Fund had a net asset value of more than $28 million at December 31, 2018.
Some Common Fund Investors have more than one investment account, which include titles such as non-designated; endowment; named endowment; churchyard; music; outreach; plant replacement; building and housing.
At December 31, 2018 the unit value was $54.20 and in October, the Trustees approved the payment of $1.96 per unit in 2019. Also, the weighted average of all costs in 2018 was 9.1 basis points.
Download the January 1, 2019 Common Fund Disclosure Document and the January 24, 2019 Letter to Unit Holders. If you would like more information, please contact Keith Kampert, Treasurer via email or at 312.751.4201.