Mission

The Foundation is organized as a Texas non-profit corporation and is qualified as a Section 501(c)(3) tax-exempt organization.  The Foundation's mission is to serve as a financial resource for the Episocpal community in support of the Christian mission and ministry of the Episcopal Diocese of Dallas.  For over sixty years, the Foundation has fulfilled its mission through the careful stewardship of long-term investment assets entrusted to it.

Investment Policy

The Foundation's investment objectives are preservation of assets through an investment return sufficient to offset inflation and, enhancement, where possible, of the assets through an investment return suffiecient to achieve payout objectives and to preserve the real value of the corpus.  (See Investment Policy)

All funds invested with the Foundation are pooled and invested according to a broadly diversified asset allocation model, outlined in the Investment Policy (See Asset Allocation for a chart of the current target allocation strategy ).  This diversificatin provides reasonable assurance that no single security or class of securities will have a disproportionate impact on the total portfolio.

Investment Committee

The Foundation's Investment Committee is responsible for developing Investment Policy guidelines and supervising the overall investment portfolio.  The Committee meets quarterly to evaluate managers and to review total fund performance relative to established benchmark indices.  The Investment Committee reports to the Board of Trustees who has final authority with respect to the invested assets of the Foundation. (See Investment Committee for Investment Committee member background and qualifications.)

Investment Managers

The Foundation employs professional investment managers, each selected for their expertise in managing a specific investment asset category.  Investment managers are responsible for directing the investment strategy, selecting securities, and timing purchases and sales for their particular portfolio.  (See Investment Managers for a list of the managers currently employed to manage the Foundation's portfolio.)

Low Fees 

As a 501(c)(3) non-profit organization, the Foundation strives to keep administrative expenses low and, with $30 million in assets under management, we are able to negotiate reduced rates with our investment managers.  As result, we estimate combined administrative & management fees average less than 1%. 

Independent Audit 

An independent public accounting firm audits the Foundation's financial statements annually.  Audited financial statements for the most recent past three years are availabe on this website.  (See Annual Reports) 

To Find out More...

If you would like to find out more about the Foundation's Investment Services or to arrange for a member of the Foundation's Investment Committee to meet with your organization's vestry or finance committee, please call the Foundation office at 214.316.3900.