SIM News

Building Beloved Community One Investment at a Time

12/15/23

This year through November 30, SIM's investments gained 14.7%, more than a full percentage point better than the Bloomberg US 60/40 Index, a benchmark of 60% U.S. stocks and 40% U.S. bonds. The gains in our investment portfolio have been more than $585,000 this year. We continue to use low-cost index funds to keep our investment expenses down and have maintained an allocation of 65-70% in stocks and 30-35% in bonds and cash. Our decision to invest only in securities of U.S. companies and the U.S. Treasury has helped us as foreign markets have underperformed the U.S.  
 
It is deeply rewarding to leverage my 30-plus years of investment experience to strengthen the ministry of the Episcopal Church through scholarships that reduce the educational debt of our future leaders and support new leaders committed to the work of Becoming Beloved Community.
 
As you consider your year-end gift, you can be confident that your donation to SIM will be skillfully managed and will grow. SIM’s endowment is well-positioned to benefit from continued economic growth and declining inflation while maintaining a sufficient level of liquidity.
 
We are deeply grateful for all gifts to SIM of every size. Please know that I wake up every day with SIM’s endowment on my mind and that my role as a steward of the endowment is the most satisfying client work that I do.
-Board Member David Hilder