This newsletter is sent to clergy, lay leaders, and diocesan staff.

The Trustees manage financial assets with a market value of approximately $40 million. Approximately 58 percent of these assets are for the benefit of specific congregations or diocesan organizations, either because the congregation or diocesan organization received a bequest under a will in care of the Trustees, received a lifetime gift in care of the Trustees or chose to place the congregation’s or diocesan organization’s assets with the Trustees. The balance of the assets was received either by bequest or lifetime gift for the benefit of the Trustees, Bishop, or Diocese and are administered pursuant to the discretion of the Trustees, Bishop, or Diocesan Council. All of the assets are held in either restricted or unrestricted funds pursuant to the donor’s wishes. Learn more at episcopalmaine.org.

Investment Performance Gains/Losses, 12/31/2023 - 12/31/2024

The Equity Fund currently represents approximately 70% of the total investment portfolio and the Fixed Income Fund represents approximately 30% of the investment portfolio. The Trustees recently approved directing its money managers to align to a 60% equity, 40% fixed income asset allocation. This shift will be completed this spring. 

See the Trustees full YTD Investment Report here.

Faith and Finance: Why I Do This Work

It is a great privilege to serve as a Trustee of Diocesan Funds here in Maine. I have enjoyed getting to know the committed people here in the diocese and I have developed a deep appreciation of the skill and care with which the trustees approach their responsibilities. I am also delighted to learn more about parishes in parts of the state with which I am not familiar.

I am mindful of how the parishes that we serve rely on the funds that are invested with us and how important those funds, and the income we are able to generate, are to the growth and health of those parishes.

I am a lawyer and I have been honored to serve on many national and international boards for The Episcopal Church and the Anglican Communion. By using my legal and financial skills to help various bodies within The Episcopal Church, I can see my faith in action—not by helping people hands on, but by making sure that whatever funds the church has to work with can be carefully and responsibly managed to serve the most people.

An endowment is an expression of faith—the faith held by those who contributed to the endowment that the church would continue into the future. With endowments, we celebrate the abundance that God has given us and we use that abundance to build God’s kingdom in the world.

— Sandra Ferguson McPhee, Trustee of Diocesan Funds

Trustees are elected by Diocesan Convention to four-year terms. Trustees are limited to two consecutive four-year terms. Read trustee bios and learn more here.

Have a question for the trustees?