Congregations and diocesan organizations seeking an investment vehicle may want to learn more about The Diocesan Foundation (Common Fund).
Founded in 1952, the Common Fund is a collective investment vehicle currently serving more than 36 investors. At the end of 2022, its net asset value topped $36 million.
Many Common Fund Investors have more than one investment account. These include funds for specific purposes such as music, outreach and physical plant; funds named in honor of an individual; unrestricted funds, and endowments.
On December 31, 2023, the unit value was $69.66 and in October, the Trustees approved the payment of $2.28 per unit in 2024. The weighted average of all costs in 2023 was less than 9 basis points.
The Diocesan Foundation’s average annual total return has been 6.8% for the past ten years, 8.7% for the past five years, 4.2% for the past three years and 15.5% for one year.
You can download the Common Fund Disclosure Document and the January 19, 2024 letter to unit holders. If you would like more information, please contact Keith Kampert, Treasurer via email or at 312.751.4201.