TRUSTEES OF DONATIONS TO THE PROTESTANT EPISCOPAL CHURCH

What TRUSTEES OF DONATIONS TO THE PROTESTANT EPISCOPAL CHURCH does

The Trustees of Donations to the Protestant Episcopal Church (TOD) is a non-profit Episcopal corporation chartered by the Commonwealth of Massachusetts in 1810 to receive and manage property in support of the Bishop and Episcopal Diocese of Massachusetts (EDOM). Its core operating subsidiary is the Diocesan Investment Trust (DIT), established in 1939 as a common fund offering Episcopal parishes and affiliated organizations a professionally managed vehicle for endowments, trust funds, and operating reserves. The DIT currently serves 146 participants — comprising EDOM, the Cathedral Church of St. Paul, 130 parishes, and 14 diocesan-related organizations — across more than 900 separate accounts with combined market value of approximately $330 million.

The DIT operates three fund options: an actively managed Stock Fund (0.72% management fee, allocated across Dodge & Cox, Westfield Capital Management, John W. Bristol & Company, Vanguard, and Avantis Investors), an actively managed Income Fund (0.35% fee, managed by Income Research & Management, Loomis Sayles, and BrandywineGLOBAL), and a passively managed Fossil Fuel Free Stock Fund (0.47% fee, managed by Aperio Group, screens out companies deriving more than 5% of revenues from fossil fuels). Investment policy oversight is provided by the TOD board with Prime Buchholz as investment consultant and M&T Bank as custodian; a Social Responsibility in Investments (SRI) Committee established in 1973 conducts proxy voting and selective screening aligned with Episcopal values.

The business model is fee-based and recurring: the DIT generates revenue exclusively through the all-inclusive management fees on participant balances (0.35%-0.72%, with no underlying fund fees). Distribution is relationship-driven and entirely closed-network — accounts are opened via signed letters of instruction routed through a single Investment Coordinator (Bill Boyce, C.P.A.), with no external marketing beyond newsletter signups and word-of-mouth referrals within the EDOM network. Governance is provided by an elected board of Trustees, with the Bishop of the Episcopal Diocese of Massachusetts serving as Chairperson ex officio.

Name

TRUSTEES OF DONATIONS TO THE PROTESTANT EPISCOPAL CHURCH

Legal name

TRUSTEES OF DONATIONS TO THE PROTESTANT EPISCOPAL CHURCH

Website

https://trusteesofdonations.org

Company type

Private

Founded year

1810

Operating status

Operating

Short description

The Trustees of Donations is a non-profit Episcopal corporation chartered in 1810 that operates the Diocesan Investment Trust, managing approximately $330 million across 146 Episcopal Diocese of Massachusetts parishes and affiliated organizations through three pooled investment funds.

Ownership category

akta.pro rank

Product category

Faith-Based Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Trusts, Estates, and Agency Accounts (52592)

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

SECONDARYFSANAJAO

Transition / Engagement & Stewardship Funds

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

Keywords

• Faith-based investing
• Endowment management
• Socially responsible investing
• Fixed income securities
• Equity investment management

Headquarters

HQ city

Boston

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, Others

Revenue model

1. Investment Management Fees: The DIT generates revenue through management fees charged to participants. Stock Fund: 0.72% annually (combined management, consulting, custody, and accounting services). Income Fund: 0.35% annually. Fossil Fuel Free Stock Fund: 0.47% annually. No additional or underlying fees on DIT investments.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

The Trustees of Donations operates the Diocesan Investment Trust (DIT), a professionally managed common investment vehicle established in 1939 that serves Episcopal Diocese of Massachusetts parishes and affiliated organizations. The DIT offers three fund options — an actively managed Stock Fund, an actively managed Income Fund, and a passively managed Fossil Fuel Free Stock Fund — providing diversified portfolios for endowment, special-purpose, and operating fund management. The organization earns revenue through annual management fees (0.35%–0.72%) with no additional or underlying fees, and oversees proxy voting aligned with socially responsible guidelines through its SRI Committee.

Product overview

The Trustees of Donations operates the Diocesan Investment Trust (DIT) as its core investment vehicle, a professionally managed common fund established in 1939 for Episcopal parishes and affiliated organizations. The DIT offers three distinct investment fund options: the actively managed Stock Fund (equity-focused with 0.72% fee), the actively managed Income Fund (fixed income with 0.35% fee), and the passively managed Diocesan Fossil Fuel Free Fund (screened equities with 0.47% fee). Participants can allocate across these funds with no additional underlying fees, and the DIT currently serves 146 participants with approximately $330 million in combined market value.

Differentiator

Problem solved

Functional benefit

Brands

• Diocesan Investment Trust (DIT): Investment vehicle for endowments and trust assets, offering Stock Fund, Income Fund, and Fossil Fuel Free Fund options for Episcopal parishes and affiliated organizations.
• Diocesan Fossil Fuel Free Fund
• Social Responsibility in Investments (SRI)

Products and services

• Diocesan Investment Trust (DIT) A professionally managed investment vehicle established in 1939 offering Episcopal parishes and affiliated organizations a unified structure for endowment and trust asset management. The DIT serves 146 participants with combined market value of approximately $330 million, providing three investment fund options for endowments, special-purpose funds, and operating funds.
• DIT Stock Fund An actively managed equity investment option seeking long-term capital growth through a diversified portfolio of publicly traded stocks. Suitable for investors seeking potential higher returns with acceptance of market volatility. Management fee: 0.72% annually. Current managers include Dodge & Cox, Westfield Capital Management, John W. Bristol & Company, The Vanguard Group, and Avantis Investors.
• DIT Income Fund An actively managed fixed income investment option focusing on generating stable income through bonds and other income-producing assets. Designed to provide steady returns with lower volatility compared to equity-focused funds. Management fee: 0.35% annually. Current managers include Income Research & Management, Loomis Sayles, and BrandywineGLOBAL.
• Diocesan Fossil Fuel Free Fund A passively managed equities investment option created in 2015 that screens out companies deriving more than 5% of revenues from fossil fuel production and allocates 5% of assets to alternative energy, green building, energy efficiency, and pollution prevention technologies. Management fee: 0.47% annually. Current manager: Aperio Group.

Quantifiable outcome

• DIT serves 146 participants with approximately $330 million in combined market value
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Interfaith Center on Corporate Responsibility (ICCR)coreStrategic or Co-development PartnerTOD joined ICCR in 1985 to establish dialogue with companies doing business in Apartheid South Africa. ICCR coordinates shareholder advocacy on social issues for religious institutional investors.

Scale indicators6 records

Recent moves8 records

Expansion highlights3 records

Broad incumbents

• Church Pension Group: The Episcopal Church's national pension and benefits organization, providing investment management and trust services to Episcopal institutions nationwide. Closest comparable faith-based Episcopal investment manager, though broader in scope than the TOD's diocesan mandate.
• TIAA-CREF (TIAA): Major institutional investment manager serving nonprofit, academic, and faith-based institutions with pooled funds. Competes for the same nonprofit endowment dollars that DIT participants invest, but at a vastly larger scale and broader scope.

Direct peers

• Commonfund: Provides investment management and advisory services exclusively to nonprofit institutions, including endowments, foundations, and charitable organizations. Direct peer in serving institutional nonprofit investors with pooled investment vehicles.
• Episcopal Diocese of Virginia - Trustees of the Diocese: Diocesan corporate body that holds and invests property and funds for Episcopal parishes in the Diocese of Virginia. Parallel structural peer: an Episcopal diocesan entity managing endowments and trust assets for affiliated congregations.
• United Methodist Church Investment Ministry: Provides investment services for United Methodist churches and affiliated institutions, including pooled funds with socially responsible screens. Direct parallel to TOD's DIT in structure, SRI focus, and faith-based congregational membership.
• Cornerstone Fund (UCC): United Church of Christ investment ministry offering values-aligned investment funds for UCC congregations and related institutions. Same model as TOD: a mainline Protestant denominational fund serving local congregations with pooled, professionally managed assets.
• Presbyterian Church Investment & Loan Program (PILP): PC(USA)-affiliated investment and loan program providing investment vehicles to Presbyterian congregations and related institutions. Comparable mainline Protestant pooled-fund model serving local churches and denominational entities.

Emerging players

• Vanguard Charitable Endowment Program: Sponsor of donor-advised funds and supporting services for charities and faith-based organizations, offering low-cost pooled investment options. Although DAF-focused, it competes for the same faith-based charitable dollars and offers much lower-cost passive index alternatives.
• Foundation Source: Provides investment and administrative services for private foundations and faith-based endowments, including pooled investment options. Adjacent competitor for the same faith-based institutional endowment market that the TOD serves.

Others

• Aperio Group (ESG BlackRock): Customized index manager for ESG-screened equity portfolios, currently managing the TOD's Fossil Fuel Free Fund. Ecosystem partner / vendor rather than a competitor, but represents the broader institutional ESG indexing capability that competes conceptually with the DIT's FFF fund.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 TRUSTEES OF DONATIONS TO THE PROTESTANT EPISCOPAL CHURCH