In this Annual Report, you will see, read, and hear highlights of our work over the past year, from paying out $475 million in benefits to clergy, lay employees, and dependents to helping Episcopal institutions recover after record-setting US wildfires. During this time of major change and evolving needs in The Episcopal Church, we found new vision-relevant opportunities to serve and to fulfill our purpose, which is to help the clergy and lay employees of the Church in their calling to spread the gospel.

Last summer, eight new trustees were elected to The Church Pension Fund Board of Trustees (CPF Board). Together, we are overseeing the business of CPF and making decisions that are consistent not only with our legal duties of care and loyalty, but also with our shared, deep commitment to serving the people and institutions of The Episcopal Church.

As you may have heard, one of our beloved trustees passed away in April. The Very Rev. Sandye A. Wilson, who served as a vice chair of the CPF Board, was dedicated to service in the Church and our board. She will be missed and celebrated as we continue all the work we started together. May her memory bring us peace and a renewed sense of purpose.

Three members of our Executive Leadership Team who retired in 2024 after many years of service—the Rev. Clayton Crawley, Chief Church Relations Officer; Nancy Sanborn, Esq., Chief Legal Officer; and Ted Elias, Chief People Officer—are all enjoying their next chapters, and we wish them well. Succeeding them are the Rev. Canon Arlette Benoit Joseph (Church Relations), Julian Chung, Esq. (Legal), and Geeva Ebens (People). These new team members are bringing fresh ideas and perspectives, which we welcome enthusiastically.

For more than a century, fulfilling the Church Pension Group’s purpose has meant continually refining our products, programs, and services to adapt to the changing needs of those who serve the Church. Client feedback and careful listening make innovation possible.

Over the next few years, we will be calling upon many we serve to help us take a deeper dive into understanding the future needs of the Church so we can craft a vision-relevant point of view about what is changing around the Church and who CPG will be called to be in the decades ahead. I look forward to interacting with many of you as we map a way forward.