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REPORT OF THE TRUSTEES 2011

REPORT OF THE TRUSTEES 2011. William Cooper Procter Fund. Total Value of Fund. $39,107,875. 2011 WCP Grants. Made during the year as Opportunity Grants $52,803. Good Earth Farm Franklinton Bike Works Interfaith Hospitality Network ECSF Vista workers Encountering Islam. 2011 WCP Grants.

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REPORT OF THE TRUSTEES 2011

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  1. REPORT OF THE TRUSTEES2011

  2. William Cooper Procter Fund Total Value of Fund $39,107,875

  3. 2011 WCP Grants Made during the year as Opportunity Grants$52,803 • Good Earth Farm • Franklinton Bike Works • Interfaith Hospitality Network • ECSF Vista workers • Encountering Islam

  4. 2011 WCP Grants Made during the year as Institutional Associations$14,000 • NAACP • Bridges for a Just Community • Episcopal Network for Economic Justice • Anglican Theological Review • Council of Christian Communions • Episcopal Retirement Homes

  5. 2011 WCP Grants Made during the year to National and World-wide Mission $24,300 • Companion Diocese • Bishop of Ecuador • Dohn Family Mission (Dominican Republic)

  6. William Cooper Procter Fund Recent Investment History: 20072008200920102011(Q3) 10.99% -24.96% 19.39% 10.93% -4.48%

  7. All Funds Total Value $87,419,700

  8. “New occasions teach new duties” • During 2011, the Trustees worked with other financial arms of the diocese to create a new way of budgeting. • The result is convention and WCP Fund budgets aligned with those priorities. • Based on mission priorities, determined by you (the “dot exercise”), we listened and responded trying to fund in relation to those priorities.

  9. 2012 WCP Fund Budget Highlights • Youth budget increased by $15,000 • New item to help support campus ministries • Church Foundation increased by $110,000 • Procter Camp increased by $10,000

  10. 2012 WCP Budget Highlights Reduced: • COCL by $140,000 • Residency program reduced by $120,000 Eliminated: • Retired clergy Medical supplement, $223,200 • Episcopal Appalachian Ministry, $8,500 • Overpayment of National Church pledge $25,000

  11. WCP Budget BreakdownIn 2012: 43% -- directly to congregations • 40% -- uniquely diocesan programs • 7% -- administrative costs • 10% -- Bishop’s discretion during year

  12. (Singing) Where have you gone, William C. Procter? A diocese turns its lonely eyes to you (Woo, Woo, Woo)

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