The Fund's Finances

In July 2023, The Fund board voted to change financial institutions to Boston Common Asset Management as the manager of our endowment, and Fidelity Investments as our bank. Boston Common has an excellent track record in socially responsible investing, and has worked with a number of non-profits and church related organizations.

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

Mission-Consistent Investments
​Consistent with achieving investment objectives, The Fund’s investment policy will be implemented with the incorporation of environmental, social and governance (ESG) factors as core components of the investment decision-making and risk management processes by the Board in the assessment and hiring of an external investment adviser (“the Adviser”). The Committee will encourage the Adviser to consider Impact and solutions-based investments, engagement, and evaluation of the economic merits of current and potential investments taking into account governance practices, environmental or social impact, and regulatory and reputational risks.

The Committee will look to the Adviser to incorporate ESG criteria in the investment analysis and decision-making processes particularly emphasizing profitable investments with positive social and environmental impacts aligned with the priorities and values of The Fund, especially as it relates to creating impact in people and planet.

• Utilizing positive screening as a way to proactively benefit The Fund’s investment portfolio.
• Utilizing negative screening to limit the involvement of The Fund’s investment portfolio in those ESG issue areas which are antithetical to its values, mission, and culture.
• ​The Committee will seek appropriate disclosure on ESG issues by the Adviser and externally managed funds in which The Fund invests. 

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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.

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Legal Documents

Financial Statement 
​July 31, 2023 and 2022
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IRS Form 990
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ByLaws
Certificate of Incorporation

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

Legal Counsel: Simpson Thacher & Bartlett, LLP, New York, NY
Auditors:  EisnerAmper LLP, New York, NY
Endowment Manager: Boston Common Asset Management
Bank: Fidelity Investments, Boston, MA