Organizations & programs » Western Diocese Endowment Fund
Western Diocese Endowment Fund
The Western Diocese Endowment Fund (WDEF) is an independent, separately incorporated non-profit organization established under the laws of the State of California to provide professional, disciplined, cost-effective financial management for the Fund’s pool of tax-exempt donations, as well as parish and individual endowments managed by the Fund. The Funds assets are conservatively invested for reasonable yields while minimizing risk. The annual revenues from such capital investments alleviate the uncertainties of a fluctuating income for the Diocese, Diocesan organizations and individual parishes, and generate stable income distributions to help fund the expanded religious, cultural, national, and youth activities of the Diocese within the Armenian community.