A Message from the Board

Dear Friends:

Over the past year, The Church Pension Fund Board of Trustees (CPF Board) has been able to tap into a well of diverse perspectives and professional expertise to tackle important issues for the Church Pension Group (CPG) and the clients it serves. As in the past, we evaluated CPG’s work from many angles, asked a lot of questions, and found ourselves impressed with the strategic, operational, and financial strength of the organization.

In 2023, CPG exceeded all benchmarks and targets for customer service, investment performance, and financial management—its key performance indicators. The organization also recruited an extremely talented new chief investment officer and filled two key management-level roles in Church Relations and Client Engagement. (Please see Management Changes.)

At each of our four meetings last year, the CPF Board continued to work on diversity, equity, and inclusion (DEI). An intentional focus on DEI is vital to the CPF Board’s effectiveness because our ability to make good decisions depends on our willingness to hear each other’s perspectives.

The CPF Board is blessed by the presence of diverse experts in business, finance, investments, and all things Church. Our conversations are fulsome. We make every effort to ensure that CPG’s assets—its finances, people, and other resources—are being put to their best use, which is to support the clergy and lay employees of The Episcopal Church in their calling to spread the gospel, through three lines of business—employee benefits, property and casualty insurance, and publishing.

Thank you for entrusting us with the oversight of an organization that takes so much pride in its work.

Faithfully,