Finances

After a two year period of study, discussion and reflection, and after issuing an RFP in December 2022, the Fund board voted at a special meeting on June 1, 2023 to change financial institutions. Boston Common Asset Management will be the new manager of our endowment, with Fidelity Investments as our bank. BCAM has an excellent track record in socially responsible investing, and has worked with a number of non-profits and church related organizations. The transition to the new firms began in early July, 2023.

[Boston Common] is best able to meet the desire of The Fund to be fully sustainable in its investments, thus utilizing the asset to Gods glory.
- Dcn, Robert Franken, treasurer

Did you know? Most Episcopal Deacons serve as non-stipendiary ministry leaders in the Church (or are retired). Deacons tend to lack church pensions, or may not have adequate savings from secular work, to draw upon in times of crisis.

The Fund for the Diaconate provides vital financial assistance to those who've served others and the Church. In a typical year, we pay over $110,000 to anywhere from eight to twelve deacons, to help pay for medical and living expenses.

Planned Giving & Donating
You can assist deacons and those in diaconal formation who are facing financial difficulty. Designating a legacy gift or IRA beneficiary is a meaningful way to assist deacons in financial need, due to economic, health and emergency reasons.

Learn more about making a planned gift or donation.

Legal Documents

Financial Statement July 31, 2021 and 2020

ByLaws
Certificate of Incorporation

IRS Form 990 - Download the Fund's most recent "Return of Organization Exempt from Income Tax" form.

Legal Name: The Fund for the Diaconate of The Episcopal Church
Tax ID: 23-7125960