The Trustees of the Funds

What The Trustees of the Funds does

The Trustees of the Funds, doing business as Virginia Episcopal Investment Funds (VEIF), is a nonprofit cooperative investment organization serving Episcopal churches and institutions. Founded in 1754 and headquartered at 110 West Franklin Street in Richmond, Virginia, the entity is governed by an elected board of Episcopal church members and operates as the investment arm affiliated with the Episcopal Diocese of Virginia. The organization recently rebranded from "Trustees of the Funds (ToTF)" to better reflect its mission of enabling and growing the ministries of Virginia Episcopal congregations through faithful investment management.

VEIF's single core product is a professionally managed investment portfolio program. Portfolio management is outsourced to LCG Associates, a professional investment advisory firm, while VEIF's own board of investment, business, and legal professionals provides governance and oversight. The cooperative structure pools assets from participating parishes and organizations to access cost-effective investment options not available to smaller investors individually, with no minimum investment required and an explicit "no profit" stance — after expenses, all earnings are returned to participants. The service is positioned as values-aligned with Episcopal Diocesan Canons and as a way to avoid internal conflicts within parishes over investment decisions.

VEIF reaches customers almost entirely through the diocesan network: church referrals, diocesan communications, and community events, supported by a website (veif.org) hosting fund information, investing resources, events, and Q&A content. The customer base consists of Episcopal churches and organizations across Virginia (and, per current outreach language, "beyond"), including named participants such as St. George's (Arlington), St. Anne's (Reston), St. Thomas (McLean), Emmanuel (Greenwood), Wicomico Parish, and St. Philip's Richmond, which use VEIF for endowments, permanently invested growth and development funds, general savings, and special appeal funds. Revenue is generated through fees set at a level sufficient only to cover operating expenses.

Name

The Trustees of the Funds

Legal name

Trustees of the Funds of The Protestant Episcopal Church in the Diocese of Virginia

Website

https://trusteesofthefunds.org

Company type

Private

Founded year

1754

Operating status

Operating

Headcount range

1–10 employees

Short description

Virginia Episcopal Investment Funds (VEIF) is a nonprofit cooperative investment organization, founded in 1754 and affiliated with the Episcopal Diocese of Virginia, that provides professionally managed, values-aligned investment portfolios to Episcopal churches and institutions.

Ownership category

akta.pro rank

Product category

Religious/Nonprofit Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAAAGAC

Endowments (Universities, Foundations, Nonprofits)

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

SECONDARYFSANAJAL

ESG Integration / Responsible Investment Funds (Broad ESG)

Financial & Insurance/Private Equity & Venture Capital/Impact / ESG & Sustainable Investment Funds

Keywords

• Religious investment management
• Church endowment funds
• Episcopal investment funds
• Cooperative investment services
• Nonprofit investment pool

Headquarters

HQ city

Manakin Sabot

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Management Fees: VEIF operates as a non-profit organization that charges fees to cover operational expenses. All investment earnings after expenses are passed back to participants. The organization earns no profit from its operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Virginia Episcopal Investment Funds offers a single cooperative investment management program for Episcopal churches and organizations, pooling endowments, savings, and special appeal funds into professionally managed portfolios overseen by LCG Associates and an elected board of Episcopal church members. The organization operates at cost with no minimum investment, returning all net earnings to participants and aligning investment decisions with Episcopal values.

Product overview

Virginia Episcopal Investment Funds operates as a single unified investment management service offering professionally managed portfolios overseen by LCG Associates and a board of seasoned investment, business, and legal professionals. The organization provides a cooperative investment structure designed specifically for Episcopal congregations and institutions, with no minimum investment required, where all earnings after expenses benefit the participants. The sole product is the Virginia Episcopal Investment Funds program, which enables ministries of Virginia Episcopal congregations through faithful investment and active fund management.

Differentiator

Problem solved

Functional benefit

Products and services

• Virginia Episcopal Investment Funds (VEIF) Cooperative Investment Program Professionally managed, faith-aligned cooperative investment program for Episcopal churches and organizations, pooling endowments, general savings accounts, special appeal funds, and growth/development funds into portfolios overseen by LCG Associates and a board of seasoned investment, business, and legal professionals. The program requires no minimum investment, charges fees only to cover expenses, and returns all net earnings to participating congregations and institutions.

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• LCG AssociatescoreTechnology or IntegrationProfessional investment advisors providing portfolio management services for VEIF's investment funds. LCG Associates brings professional investment expertise to manage the professionally managed investment portfolios offered to VEIF participants.
• Episcopal Diocese of VirginiacoreStrategic or Co-development PartnerVEIF is affiliated with the Episcopal Diocese of Virginia and is governed by an elected board of Episcopal church members. The organization supports the mission and ministry of the Episcopal Diocese of Virginia by providing faithful investment management services to diocesan churches and organizations.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Emerging players

• Fidelity Charitable: Fidelity Charitable operates a donor-advised fund program used heavily by religious institutions and individuals for charitable giving and investment. It is an emerging competitor for the endowment and charitable-investment dollars VEIF serves.

Direct peers

• Presbyterian Foundation: The Presbyterian Foundation provides investment, planned giving, and endowment services to Presbyterian churches and institutions. It is a direct peer operating a faith-aligned, denomination-affiliated investment program analogous to VEIF.
• Christian Church Foundation: Christian Church Foundation provides investment and endowment management services to congregations and ministries of the Christian Church (Disciples of Christ). It is a direct functional peer for denominationally affiliated investment pools.
• The Church Pension Group: The Church Pension Group serves the Episcopal Church nationally, providing pension, health, and investment services to clergy and institutions. It is the closest direct peer to VEIF, operating as the denomination-wide analog for faith-aligned investment management of Episcopal funds.
• ELCA Foundation: The Evangelical Lutheran Church in America (ELCA) Foundation manages endowment and investment funds for Lutheran congregations and institutions. It is a direct peer operating the same model as VEIF within a different mainline Protestant denomination.
• Wespath Institutional Investments: Wespath manages investments on behalf of The United Methodist Church and its affiliated institutions, including endowments and conference funds. It is a direct functional peer: a denominationally affiliated, values-aligned investment manager serving faith-based organizations.
• United Church Funds: United Church Funds manages investments for the United Church of Christ and related institutions, providing socially responsible, faith-aligned investment options. It is a direct peer for faith-based, values-aligned, endowment-style investment management.

Broad incumbents

• TIAA: TIAA is a broad incumbent financial services organization serving the academic, nonprofit, and faith-based institutional market with investment, retirement, and endowment-adjacent services. It competes broadly for the institutional nonprofit investment dollars that VEIF targets.
• Commonfund: Commonfund provides investment management for endowments, foundations, and other nonprofit institutions. It is a broad incumbent serving institutional nonprofit investors — overlapping with VEIF's target market of endowment and foundation assets but at a much larger scale.

Others

• National Christian Foundation: National Christian Foundation is a Christian donor-advised fund sponsor that pools and invests charitable contributions for faith-based donors and ministries. It is thematically related to VEIF's endowment and faith-aligned investment mission, serving as an adjacent capital-deployment vehicle for religious organizations.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-trustees-of-the-funds

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Trustees of the Funds