Board Reconfirms CRR At 5.25%

The Board of Managers has reconfirmed its January 2021 5.25% Constant Rate of Return (CRR) recommendation. The CRR, a carefully considered sustainable rate of withdrawal, is based on past performance of the Easton Episcopal Funds coupled with examination of current market indicators. The Board makes its recommendation each year at the January meeting, then reexamines it in July when the Diocese and those parishes, who chose to use the CRR as a guideline, begin their financial planning and budgeting process for the coming year.