The Diocesan Trustees, a board of five lay and clergy, is one of the governing bodies established by the Canons. It oversees management of, and has fiduciary responsibility for, the Diocese’s Joint Investment Fund. It also oversees real property of the Diocese, which has become a much larger part of the Board’s work over the last several years. The Board of Trustees works closely with the Treasurer and the Chancellor.  

Joint Investment Fund (JIF)* 

Working with an investment advisor, the Diocesan Trustees: 
1. Establish an investment policy for JIF and monitor adherence to the policy 
2. Review financial performance of JIF and evaluate performance of individual investment managers 
3. As appropriate, make decisions on investment manager replacement, including interviewing new manager candidates 
4. Periodically review the performance of the investment advisor, annually approve the investment advisor’s compensation.
5. Set and annually approve the Fund Spending Rule
6. Oversee the Socially Responsible Investment policies, while monitoring compliance with the JIF investment policy and Diocesan policy to promote Environmental, Social, and Governance (ESG) factors
7. Work with Diocesan staff on promoting the endowment and planned giving initiatives

Real Property of the Diocese 
1. Working with the bishop, the Board of Trustees makes decisions about the disposition of, and other appropriate actions related to, the real property of the Diocese in missions, parishes, and at the Diocese itself.
2. Review and approve capital expenditures for all diocesan held properties, including Bellwether Farm.

*JIF includes 

• endowment funds of the Diocese, 
• funds received from parishes desiring professional management for their money,
• funds derived from parishes receiving aid or extinct parishes, and other Diocesan funds and funds of parish organizations and other not-for-profit organizations affiliated with The Episcopal Church.

Diocesan Trustees