Trustees of Funds and Endowments, Inc. (TFE) is a separate affiliated organization of the Episcopal Diocese of Milwaukee. It exists to promote the financial growth and stability of parishes and other organizations within the diocese. Its mission is as follows:
“Trustees of Funds and Endowments, Inc.'s purpose is to promote the enhancement of the financial futures of the Episcopal Diocese of Milwaukee, its member parishes, and its outreach organizations.”
TFE traces its roots to 1848 and has been incorporated under the laws of Wisconsin since the 1890’s. It is governed by the Constitution and Canons of the Episcopal Diocese of Milwaukee.
TFE is managed by a Board consisting of 11 members; 6 elected by Convention (2 each year to staggered 3-year terms), 3 appointed by the Board (1 each year to staggered 3-year terms), and the Bishop and Treasurer of the diocese as ex-officio members with voice and vote. TFE is administered by an Executive Director appointed by the Board, currently Michael Hagon.
The four main functions performed by TFE are:
- Management of The Combined Fund
- Trustee of Permanent Endowment Funds
- Special Brokerage Account
- Endowment Building/Planned Giving