TrusT Funds Book 2009 - Episcopal Church

T H E E P I S C O P A L C H U R C H
THE DOMESTIC AND FOREIGN MISSIONARY SOCIETY
OF THE PROTESTANT EPISCOPAL CHURCH IN THE UNITED STATES OF AMERICA
FOUNDED 1821 INCORPORATED 1846
To the members of the Episcopal Church:
To the members of the Episcopal Church:
We present the Trust Funds Book 2009. This book, issued annually, provides an update on
We present the Trust Funds Book 2007. This book, issued annually, provides an
the trust fund portfolio and investment activities of The Domestic and Foreign Missionary Society of
update on the trust fund portfolio and investment activities of The Domestic and Foreign
The Protestant Episcopal Church in the United States of America (the “Society” or “DFMS.”).
Missionary Society of The Protestant Episcopal Church in the United States of America (the
“Society” or “DFMS.”).
Investment markets worldwide recovered dramatically during 2009. The DFMS portfolio
enjoyed +26.1% gain before fees, slightly exceeding its benchmark portfolio by +0.3%. Active
In 2007, the portfolio experienced good performance, gaining +11.2% before fees
management of the portfolio, which we believe is preferable to passive index funds, has enabled the
and exceeding its benchmark portfolio by +5.6%. Also, 9 new trusts were opened, adding
portfolio to outperform its custom passive benchmark over the past three, five and ten years.
nearly $6,583,503 in assets.
During 2009, 7 new trusts were opened, adding nearly $1,099,811 in assets. We are thankful
We hope that this book will be a useful reference for you regarding the many trust
for the generosity of people and parishes that share their abundance to support the continuing work
funds that support the diverse ministries of our church.
of God’s mission through the church.
Thank you for the opportunity to serve you and our church.
We hope that this book will be a useful reference for you regarding the many trust funds that
support Faithfully,
the diverse ministries of our church.
Thank you for the opportunity to serve you and our church.
Faithfully,
N. Kurt Barnes
Treasurer
N. Kurt Barnes
Treasurer
T H E E P I S C O P A L C H U R C H C E N T E R
815 SECOND AVENUE NEW YORK, NY 10017-4503 USA 212-867-8400 800 334-7626 www.episcopalchurch.org