The Trustees of Donations to the Protestant Episcopal Church (TOD) is a non-profit, Episcopal corporation founded in 1810 to receive and manage funds for the benefit of the Bishop and the Episcopal Diocese of Massachusetts (EDOM).
Our Funds include the Stock Fund, Income Fund, and Fossil Free Fuel Fund.
The investment objective of the Funds is to preserve its purchasing power (after expenses, spending, and inflation) while providing a stable funding source to support the current and future mission of Diocesan parishes and affiliated organizations.
Three investment options are available to participant organizations: a Stock Fund and an Income Fund, which are both actively managed, and a passively managed Fossil-Fuel-Free Fund. To achieve its investment objective, the Funds are allocated across asset classes. Read more about the current asset allocation policy, set by TOD’s Investment Committe in our Investment Policy.
The actively managed Stock Fund is an investment option primarily focused on equity investments. It seeks to achieve long-term capital growth by investing in a diversified portfolio of publicly traded stocks. The fund is designed to support the financial needs of participants by generating returns through strategic stock market investments while managing risk through diversification. This fund is suitable for those looking for potential higher returns with an acceptance of market volatility.
Potential for more market volatility and generally expects higher returns
Active and passive investment strategies engaged
Includes U.S. and International Investment
0.72% Management Fee
Current Managers: Dodge & Cox, Westfield Capital Management, John W. Bristol & Company, The Vanguard Group, & Avantis Investors
The actively managed Income Fund is an investment option that focuses on generating stable income through a mix of fixed income securities, including bonds and other income-producing assets. It is designed to provide steady returns with lower volatility compared to equity-focused funds, making it suitable for those seeking consistent income while preserving capital.
Potential for less market volatility and generally expects lower returns.
0.35% Management Fee
Current Managers: Income Research & Management, Loomis Sayles, & BrandywineGLOBAL
The passively managed Fossil Fuel Free Fund created in 2015 is an equities investment option. The fund screens out companies deriving more than 5% of their revenues from fossil fuel production and allocates 5% of its assets to companies that produce alternative energy, green building, energy efficiency, and pollution prevention technologies. Similar to the Stock Fund, this fund primarily invests in a diversified portfolio of publicly traded stocks.
Potential for more market volatility
Passively managed strategy
0.47% Management Fee
Current Manager: Aperio Group
An Episcopal Diocese of Massachusetts affiliated parish or organization can open one or more accounts in the DIT by sending a letter of instruction to the Trustees of Donations specifying the following:
The letter of instruction, signed by an officer of the organization (e.g., Warden, Treasurer, etc.), a signature authorization form (click here for this form), and an online access form (click here for this form) should be mailed to:
Trustees of Donations
Attention: Investment Coordinator
138 Tremont Street
Boston, MA 02111
Participants can contribute to their DIT accounts once a month on the last business day of the month. Checks made out to the “Diocesan Investment Trust” should be accompanied by a letter of instruction signed by an officer of the participant organization. The letter should specify:
Since contributions are invested in the DIT on the last business day of the month, they need to reach the DIT Investment Coordinator prior to the last business day of the month. Contributions received prior to the last business day of the month are held in an interest bearing money market account.
Participants can make withdrawals from their DIT accounts once a month on the last business day of the month. Withdrawal instructions signed by an officer of the participant organization need to reach the DIT Investment Coordinator at least three business days prior to the last business day of the month. These instructions should indicate:
Withdrawal instructions are processed on the last business day of the month in which they are received. Participant organizations should expect to receive withdrawals on or around the third business day of the following month..
DIT participants may elect to receive withdrawals and dividend distributions either by check or by electronic transfer. (Click here for an Electronic Transfer Application Form.)
Participants are encouraged to monitor the Stock Fund / Income Fund balances in their accounts. Rebalancing instructions are processed on the last business day of the month in which they are received. These instructions should indicate
Participants can elect either to automate or to delegate the rebalancing of their accounts. Click here for a Rebalancing Application Form to select one of these options.)
DIT participants receive quarterly statements of their accounts. Participants can access their statements by clicking the link “Participant Login” on the top right of this website. Hard copies and monthly participant statements are available upon request. Statements are available for online access around the fifteenth day of the month following the end of each quarter.
The Committee for Social Responsibility in Investments (SRI Committee), a subcommittee of the Trustees of Donations (TOD), was created in 1973 to assist the TOD in its efforts to balance its pursuit of strong financial returns for DIT participants with the values of the Protestant Episcopal Church. Through proxy voting and selective screening, and in partnership with other socially responsible, religious and Episcopal investors, we invite, encourage, and challenge the business community to adopt corporate practices that not only preserve and enhance shareholder value, but also protect and sustain our common global life.
The vast majority of social issue shareholder resolutions currently being proposed and those for which the SRI Committee is recommending support fall into the following categories:
These resolutions address issues such as the millions of Americans who have severely limited access to adequate healthcare and the effect of the AIDS pandemic and ask corporations to report on their business activities and consider ways to improve both situations.
These resolutions address the increasing use of offshore low-wage labor and ask multi-national companies to take responsibility for the conditions under which their vendors operate.
These resolutions address such issues as redlining and equal credit opportunity and ask companies to monitor their own performance.
These resolutions address such issues as equality principles on sexual orientation, pay equity and racial stereotypes in advertising.
These resolutions address such issues as the need for adequate environmental reporting, the effect of climate change resulting from an increase in greenhouse gas emissions, environmental community hazards, as well as pollution prevention, recycling and product life-cycle responsibility.
These resolutions address human rights violations in such countries as Burma, China and Tibet and ask companies to evaluate their performance and adopt codes of conduct to promote and protect human rights around the world.
These resolutions address the sale of tobacco to minors, smoke-free restaurants, tobacco. smoke in the environment, and tobacco advertising.
The SRI Committee uses the Policy Voting Guidelines for Corporate Governance resolutions developed by Institutional Shareholder Services and refers them to the Investment Committee for review and amendment.
The SRI Committee uses the Policy Voting Guidelines for Corporate Governance resolutions developed by Institutional Shareholder Services and refers them to the Investment Committee for review and amendment.