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

The Church Foundation
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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.
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Connect with Us

Lori Daniels
Executive Director
215-220-9886 
Ryan Campbell
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.

Ryan Campbell

Operations Manager
215-621-8310 |

Operations Manager Ryan Campbell joined The Church Foundation in 2019 as the newest team member tasked to maintain smooth business operations and collaborate with TCF’s Executive Director to improve existing processes and offer fresh ideas. He masterminds most media development and design projects. Ryan’s tenure in retail includes Operations Manager for PetSmart, overseeing as many as 65 employees with a large customer base.

Ryan’s strength is in forming meaningful relationships with diocese members and coworkers. A critical thinker, he has a strong aptitude for quantitative data and designing digital media. Ryan was an integral partner in redevelopment of TCF’s website and is the point of contact for future enhancements. He also digitized TCF’s records and documentation. He directed and edited the video presentation for TCF’s 2020 clergy conference that was well recognized by attendees, and will continue to be a strong advocate in improving TCF’s overall digital media presence.

Ryan is a source of inspiration and reference to colleagues and others in the diocese, bringing professionalism, dedication, and innovation. Treating others with respect, he places utmost importance on family and friendships.

Originally from the greater Philadelphia area, Ryan attended Ursinus College and West Chester University majoring in Business and Economics, with a minor in Business and Technical Writing. His long-term goals include earning a Master Degree and gaining invaluable experience working with investment, nonprofit, and legal professionals. Ryan enjoys an active lifestyle—he played soccer while attending college, plays and watches most sports, and loves camping and hiking.

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

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TCF 2021 Annual Report

Revisit TCF's 2021 highlights. Our 2021 Annual Report is now available for download:

TCF 2021 Annual Report