A Word on Our Finances and Transparency

Episcopal Charities maintains a long-standing investment fund begun many years ago through the faithfulness of Episcopalians in the Diocese of Chicago. Our Board of Trustees carefully oversees the well-being of this fund to ensure long-term growth and sustainability. As the following financials and info-graphics demonstrate, Episcopal Charities receives annual income from two sources to cover program and operating expenses: the gifts of donors and monies drawn from the invested fund.

While our goal is to maintain our annual draw between 5 and 6% percent, dramatic changes in the market greatly affect the percentage. In 2021, the balance of our invested fund was approximately 16 million dollars. Because the balance was high, our percent draw was approximately 3%. However, by the end of 2022, the balance of our fund dropped to 12.7 million dollars – a difference of around 3.3 million – reflecting a downturn in the larger global markets. This drastic reduction increased our percentage draw to approximately 9%. Again, fluctuations in our percent draw aren’t caused by major changes in Episcopal Charities’ expenses, rather they are caused by market vicissitudes.

2020 Annual Report

You can view the 2020 Annual Report here.

2019 Annual Report

You can view the 2019 Annual Report here.