Consolidated Trust Fund

Churches in the Diocese are free to set their own investment policies and make their own investment decisions. Many churches do not have the expertise to invest in anything more than guaranteed investment certificates and government bonds. Or, some churches may not feel that they have sufficient funds to invest in anything more complicated than GICs because of the transaction costs associated with buying, selling and managing a diversified portfolio.

To help parishes that wish to invest, the Diocese has created a Consolidated Trust Fund (CTF) that parishes may participate in with no transactions costs.

Foyston, Gordon and Payne; Mercer Global Investments Canada Ltd.; Letko Brosseau and Associates Inc. and Scotia Asset Management manage a balanced fund. Churches wishing to participate buy units in the fund.

The fund is managed based on investment principles and guidelines contained in the Investment Policy Statement established by the Investment Committee of the Diocese of Toronto and approved by the Diocesan Council.

Please note that the CTF Dividend Distribution rate for 2015 is 4.5% or $8.65/unit.

For more information, contact Kathryn Rogers CPA, CA, Treasurer and Director of Finance, at 416-363-6021 ext. 238 (1-800-668-8932).

During 2010/2011, the Diocese offered those in parishes who oversee investments the opportunity to attend information sessions on the Consolidated Trust Fund. The slides from these sessions have been made into an online presentation, with spoken commentary (you will need the sound turned on on your computer).  Please note that the presentation may take a short while to load and requires Flash to run.