23 East Airy Street, Norristown, PA 19401  ·   215-627-6434  ·  

The Church Foundation
  • Who We Are
    • About TCF
    • Our People
    • Board of Directors
  • Why TCF?
    • TCF at a Glance
    • Annual Report
    • Our Philosophy
    • TCF Audited Statements
    • Frequently Asked Questions
  • Consolidated Fund
    • How It Works
    • Quarterly Performance
    • Audited Statements
  • Tools & Resources
    • End-of-Life Planning
    • Gift Clearing
    • News & Announcements
    • Notary Services
    • Participant Forms
    • Planned Giving
    • Resource Library
    • Selección de idioma
  • Next Steps

How It Works

The Consolidated Fund is a common trust fund similar in design and function to those maintained by commercial trust companies and banks.
Assets of various separate endowments are combined and invested for return.

Ownership is evidenced by notional units, which are purchased or redeemed in a given month using the prior month end value per unit.

The Church Foundation is responsive to questions and offers a consistent point of contact for communication. Washington Memorial Chapel



Business Rules for the Consolidated Fund of The Church Foundation

  1. As of each calendar month-end, the market value of the portfolio of the Fund is determined and divided by the total number of units to obtain the month-end value per unit.
  2. Transactions in units of the Fund throughout a given month are purchase/redeemed using the prior month-end value per unit
  3. Notice of intent to purchase or redeem units must be given by the 25th of each month for processing.
  4. Amounts necessary to purchase units must be present in the form of collected funds at SunTrust Bank by the end of the last business day of the month (wire transfers must be completed by 2:00 pm Eastern Time on that day).
  5. Proceeds from redemption of units will be available for disbursement no later than the tenth business day following month-end.
  6. Payouts are distributed quarterly based on the number of units held by an investor at the month end prior to the quarter end, and in accordance with Pennsylvania law 20 Pa. C.S. Section 8113.
  7. The Spending Rate used to calculate annual payout distributions is determined by the Board of Directors based on advice of the Investment Committee as soon as is practicable after each calendar year-end.
  8. Statements of account activity are provided quarterly .
  9. All accounts for which The Church Foundation is trustee of record receive payout distributions based on the Spending Rate.
  10. In cases in which the Foundation is not trustee of record, the beneficiary of the account may request a spending rate that is in compliance with Pennsylvania law, which will be approved or not by The Church Foundation. If this rate differs from the Spending Rate determined by the Board, sufficient units will be purchased or redeemed to account for the difference.
  11. All participants in the Fund are deemed to have adopted the total return method described 20 Pa. C.S. Section 8113.
Share this page: How It Works

Connect with Us

Lori Daniels
Executive Director
215-220-9886 
Lisa Reinhardt
Operations Manager
215-621-8310 

Lori Daniels

Executive Director
215-220-9886 |

Executive Director Lori Daniels stands at The Church Foundation (TCF) 's helm, reporting to the Board of Directors. She oversees and monitors investments to ensure financial integrity and serves the Board in its fiduciary duties as trustee and custodian for assets owned by churches, chapels, missions, and institutions in the Diocese of Pennsylvania. Lori leads business development efforts and fosters professional relationships. Her goal is for every Episcopal entity in the Diocese to establish an endowment with TCF and plans to expand planned giving resources by increasing program education.

Lori joined TCF in 2014 as Operations Specialist, transitioning to Operations Manager. She was promoted to Executive Director in 2019 due to her leadership talents, positive business relationships, and a solid vision for TCF's future. Lori loves people and appreciates the talents of each team member.

Lori has fueled many noteworthy achievements. She oversaw a significant increase in managed assets for 2020, spearheaded rebranding efforts, and collaborated in a diocesan endowments review, leading to increased distribution to fund missions and ministry.

Lori holds a M.S. focused on Management with Nonprofit Specialization as well as a B.S. in Finance and Humanities from the University of Maryland University College. She will continue expanding her expertise in nonprofit management, endowments, and investments. Lori loves to travel, is an avid reader and knitter, and enjoys biking and hiking. Her dream is to live somewhere close to a beach someday.

Lisa Reinhardt

Operations Manager
215-621-8310 |

Our newest member is Lisa Reinhardt, Operations Manager, working closely with our Executive Director to facilitate daily operations. Bringing administrative and organizational talents, Lisa was with the Diocese of Pennsylvania for over 12 years, coming to us from St. James’ Episcopal Church in Collegeville where she served as Director of Parish Operations and Communications.

Lisa’s experience includes co-developing practices that standardize and streamline workflow. She also created an online presence for St. James’ to communicate with parishioners, now a lifeline for remote parishioners. She plans to help create both of these for TCF including periodic newsletters to strengthen relationships with parishioners.

With a flair for graphic design blended with communication skills, Lisa assisted the rector at St. James’ to rebrand and standardize colors, styles, and logos for all ministries used in print, website, social media, and mass emails. She developed a comprehensive manual for all media use now adopted by several other parishes. She hopes to develop a similar standard for TCF.

Aware of the financial stability of a healthy church, Lisa looks forward to learning more. She will strive to achieve over 90% of churches partnering and investing with TCF, while in turn offering each partner valuable assistance in daily procedures, growth, stability and longevity.

Communication is pivotal to a good partnership. Lisa holds a B.S. in Communication Studies and truly values everyone she encounters. She loves to spend quality time with her family and host events for friends. Her favorite summer tradition is traveling with her three daughters to Sea Isle City, New Jersey.

Latest From Social Media

Meet our new Operations Manager

Please join us in welcoming Operations Manager Lisa Rein...

Read More »

Martin Luther King, Jr. Day

The Church Foundation will be closed on Monday, January ...

Read More »

Christmas Schedule

The Church Foundation will be closed from Wednesday, Dec...

Read More »

It's that time of the year!

The Church Foundation’s gift clearing account facilita...

Read More »

Consolidated Fund How It Works Quarterly Performance Reports Consolidated Fund Audited Statements

Participant Login

© 2022 The Church Foundation
23 East Airy Street · Norristown, PA 19401
215-627-6434
Privacy Policy · Powered by Membership Vision

  View Entire Post

Service Times

Location

The Church Foundation
23 East Airy Street
Norristown, PA 19401

Contact Us
215-627-6434

Newsletter Signup