Church Pension Group | San Francisco

San Francisco

February 7, 2018
Golden Gate Club at the Presidio


Sustainable Finance & Impact Investing

Five Trends of a Changing Episcopal Church


Demographics Presentation


Impact Investing Presentation


Prayers and Introductory Remarks

Barbara B. Creed, Esq.
Of Counsel (retired)
Trucker Huss, APC

Barbara B. Creed, Esq., serves as Of Counsel to Trucker Huss, APC in San Francisco CA, the largest employee benefits boutique firm outside the Washington beltway.

She serves as Chair of the Board of Trustees of The Church Pension Fund, and is a member of the Executive Committee, the Compensation, Diversity and Workplace Values Committee, and the Benefits Policy Committee. She also served as Chair of the CEO Selection Committee that in 2011 recommended to the Board of Trustees the election of Mary Kate Wold as CEO.

She is past Co-Chair of the Wellesley Business Leadership Council and President of the Wellesley Class of 1966.

In the Episcopal Diocese of El Camino Real, she serves as chair of the Personnel Committee.

She is a member of the International Women’s Forum — Northern California, where she serves as a resource to the board of directors on governance and legal matters.

Anne Mallonee
Chief Ecclesiastical Officer
Church Pension Group

The Rev. Canon Anne Mallonee is the Executive Vice President and Chief Ecclesiastical Officer for the Church Pension Group (CPG). She is a key advisor to CPG on developments around the Church and how they might impact CPG’s work. She joined CPG in September 2014.

Prior to joining CPG, she served as Vicar and a member of the Senior Leadership Team at Trinity Wall Street in New York City. Before that she spent several years as Interim Dean at Christ Church Cathedral, Hartford, CT, and served for six years at the Cathedral Church of St. Mark, Minneapolis, MN, the last two as Acting Dean. She began her ministry in the Diocese of Kansas, where she was ordained.

She received her M.Div. from Berkeley Divinity School at Yale University and a BA from the University of Kansas.

Mary Kate Wold
Chief Executive Officer and President
Church Pension Group

As Chief Executive Officer and President of CPG, Mary Kate Wold leads a $18 billion financial services enterprise that provides retirement, health, life insurance, property and casualty insurance, and other products and services to The Episcopal Church. She also serves as a member of the board of trustees of The Church Pension Fund, CPG’s governing body.

Mary Kate has served in a variety of leadership positions in the corporate, legal, and government sectors. Prior to joining CPG, she was a senior finance executive and principal corporate officer of Wyeth, one of the world’s largest pharmaceutical companies. Before embarking on her corporate career, she was a Partner at and chaired the tax practice group of Shearman & Sterling, a leading global law firm. Earlier in her career, she served in the Office of Tax Policy of the United States Department of the Treasury.

She chairs the board of the Church Benefits Association, a national association of faith-based benefits organizations, and she serves on the vestry of Trinity Church Wall Street and on its investment committee, which oversees the institution’s $5 billion real estate and securities portfolio. She is a former Director and Chair of a publicly traded medical device company. Mary Kate’s professional affiliations include membership in the Women’s Forum of New York and Women Corporate Directors.

Mary Kate spent her childhood in Bottineau, North Dakota, a small, rural community on the Canadian border.

She graduated summa cum laude from Hamline University in St. Paul, Minnesota with a BA in English and theater and was elected a member of Phi Beta Kappa. She later graduated cum laude from the University of Michigan Law School.

The Very Rev. Tracey Lind
Dean (retired)
Trinity Cathedral

The Very Rev. Tracey Lind is a newly retired Episcopal priest and city planner whose ministry has included work for social and environmental justice, interfaith relations, sustainable urban development, arts and culture, and progressive theology.  Most recently, Tracey’s ministry has extended to include the spiritual insights and lessons she has gained from a life complicated by dementia.

On Nov. 8, 2016 (Election Day), Tracey was diagnosed with the early stages of Frontotemporal Dementia. This diagnosis hasn’t stopped her from fully immersing in what life has to offer -- and what she has to give. From October to December 2017, she was invited to speak at seven European churches in Belgium, France, Germany, Italy and Switzerland. 

For 17 years (2000-2017), Tracey served as Dean of Trinity Episcopal Cathedral, a thriving and diverse urban congregation in Cleveland. From 1989-2000, Tracey was Rector of St. Paul’s Episcopal Church in Paterson, New Jersey. She is the author of Interrupted by God: Glimpses from the Edge.

Prior to entering seminary, Tracey worked for a decade in nonprofit management, city planning, and community organizing.  She continues that work as a board member of a variety of nonprofit organizations, including the Episcopal Church Pension Fund, Judson Retirement Services, and Cleveland Neighborhood Progress.

Margaret A. Niles, Esq.
K&L Gates LLP

Margaret A. Niles, Esq., is a Partner with K&L Gates LLP, a fully integrated global law firm. She has a domestic and international business transactions practice that focuses on alternative investments, acquisitions, and joint ventures. She represents public pension funds, university endowments, and other institutional investors in private equity funds, hedge funds, strategic partnerships, and a broad range of investment and other matters. She also provides ongoing advice on general corporate and business matters to companies of various sizes. She also works with companies engaged in trade and investment projects involving Russia, and in particular the Russian Far East.

She has also served as an adjunct professor at the University of Washington School of Law teaching courses on Soviet and Russian law. She speaks Russian and has worked and traveled extensively throughout the former Soviet Union.

She serves on the Board of Trustees of The Church Pension Fund.

She received a BA from Harvard University, cum laude, and a JD from Stanford Law School, where she received the Irving Hellman, Jr. Special Award, Carl Mason Franklin Prize, Hilmer Oehlmann, Jr. Prize, and served as Associate Managing Editor of the Stanford Law Review and President of the International Law Society. She is married to a retired Episcopal priest and they have three sons.

The Demographics of a Changing Church


Arthur E. Farnsley II
Clinical Research Professor and Associate Director
Center for the Study of Religion and American Culture at IUPUI

Arthur E. Farnsley II is clinical research professor and Associate Director of the Center for the Study of Religion and American Culture at Indiana University – Purdue University Indianapolis (IUPUI). He was research director of the $8 million Project on Religion and Urban Culture, has held two teaching grants from the National Endowment for the Humanities, and was Executive Officer of the Society for the Scientific Study of Religion from 2007-2016.

His first book was Southern Baptist Politics (1994). Subsequent books include Rising Expectations: Urban Congregations, Welfare Reform, and Civic Life (2003) and Sacred Circles, Public Squares: The Multicentering of American Religion (2005). In 2012 he published Flea Market Jesus about religious and political individualism. His stories about flea markets appeared on the cover of both Christianity Today and Christian Century magazines. He was also co-editor of the 2017 volume, The Bible in American Life, published by Oxford University Press.

He holds degrees are from Wabash College, Yale Divinity School, and Emory University.


Ryan K. Kusumoto
President and CEO
Parents And Children Together

Ryan Kusumoto is the President and CEO of Parents and Children Together, a Honolulu-based family services agency dedicated to serving more than 18,000 of Hawaii’s most vulnerable and at-risk individuals and families. In addition to his leadership of the not-for-profit organization since August 2014, he also serves on a number of not-for-profit boards in Hawaii and the continental United States.

At Parents and Children Together, he oversees a wide array of innovative and educational social service offerings, including domestic violence programs, child abuse programs, sex trafficking programs, early childhood education, mental health programs, and community-building programs.

His representation on various not-for-profit boards includes his current role since 2012 as a Trustee of The Church Pension Fund; Board Membership on the Hawaii Chapter of the Society for Human Resource Management since 2010; Board Treasurer of Camp Mokuleia (Episcopal Camp), since 2015; Board Vice-Chair at PHOCUSED since 2016; and 501(c)Trust Board Member since 2017. He has served as a deputy for five General Conventions.

When not at work, he can usually be found spending quality time with his daughters, Madison and Marissa, watching sports, enjoying the beaches of Hawaii, or dancing the hula.

He is a graduate of the University of Hawaii at Manoa.

The Rev. Dr. Paula Nesbitt
Visiting Professor of Sociology of Religion
Graduate Theological Union
Assisting Priest, St. Mary the Virgin

Paula Nesbitt is Visiting Professor of Sociology of Religion at the Graduate Theological Union, and also President-Elect of the Association for the Sociology of Religion. She has taught at the University of California, Berkeley, the University of Denver, and at three seminaries, while concurrently involved in parish ministry. She presently serves as an assisting priest at St. Mary the Virgin, San Francisco, as well as on the Episcopal Church’s General Board of Examining Chaplains and the International Anglican Women’s Network Steering Group.

Having researched Episcopal clergy for three decades, she has served as principal investigator or as a research consultant on several Episcopal and Anglican Communion studies. Her books include Feminization of the Clergy in America: Occupational and Organizational Perspectives (Oxford University Press, 1997), an edited volume Religion and Social Policy (AltaMira 2001), and most recently, Indaba! A way of Engaging, Listening, and Understanding across the Anglican Communion (Church Publishing, 2017), and numerous articles and book chapters on clergy and the church. She holds an MA and PhD from Harvard University, and an M.Div. from Harvard Divinity School.

Matthew Price
Senior Vice President, Research & Data
Church Pension Group

Matthew Price serves as Senior Vice President for Research and Data at the Church Pension Group (CPG). In addition to serving as the Recorder of Ordinations, he is responsible for collecting insights that help inform CPG’s decisions around major policy initiatives in the area of retirement benefits and also has involvement in technical system launches and integrations. He joined CPG in June 2001 as its director of analytical research.

Prior to joining CPG, he was Associate Director, Duke Pastoral Leadership Project, at the J. Ormond Center of the Duke University Divinity School. Previously, he was a Research Associate with the Religion in Urban America Program at the University of Illinois, at Chicago. His background also includes teaching positions at Duke, North Carolina State, and the University of Illinois at Chicago.

He received a BA in sociology from the London School of Economics, an MA in history from the University of Sussex, and a PhD in sociology from Princeton.

The Rev. Jay Sidebotham

Since 2013, the Rev. Jay Sidebotham has served as Director of RenewalWorks, a ministry of Forward Movement. RenewalWorks seeks to build cultures of discipleship in Episcopal congregations, with a singular focus on spiritual growth among congregants. He also serves as Associate Rector at St. James, Wilmington, NC. Previously, Jay served as rector in Illinois and North Carolina. He served as Vicar of St. Bartholomew’s in Manhattan and as Associate Rector at St. Columba’s in Washington DC. and St. Martin’s, Rhode Island. A graduate of Trinity College, Hartford, and Union Seminary, New York, he was ordained to the diaconate in 1989 and to the priesthood in 1990. Prior to seminary study, he worked in New York in animation, illustration, and advertising. He appreciates the opportunity to produce cartoons for the wider church describing the joys and challenges of parish ministry.

Jay has been married to Frances Murchison since 1985. Frances works as a holistic health counselor and yoga teacher. In recent years, she has led retreats for clergy and lay staff.

Investing for Positive Impact

Dave Chen
Principal and Chairman

Dave Chen is a Principal and Chairman of Equilibrium. He leads the firm’s strategy and product development process. His primary duty is to ensure the growth of the firm and team while continuing its culture and shared values. He serves on Equilibrium’s Board of Directors.

Dave’s passion and commitment to sustainability is a result of his work in venture capital, regional economic development, and climate change policy. In 2007, he saw sustainability trends that were re-shaping major commodity sectors, creating an economic value shift and an opportunity for market advantage. He formed Equilibrium to be a global leader in sustainability-driven asset management for institutional investors that delivered both sustainable alpha and intentional positive impact on our community and environment.

Previously, he was a general partner at OVP Venture Partners (2000–2007). He served on the board of @mobile prior to its acquisition by He served on the board of HNC Software until it was merged with FICO in 2002 (NASDAQ:HNCS, now NYSE:FIC). Dave founded GeoTrust (acquired by VeriSign 2006) and The Ascent Group and has also held roles at Mentor Graphics, McKinsey & Company, and Solectron.

He has a BA in biology from the University of California, Berkeley, and an MBA from the Kellogg School of Management at Northwestern University. He is co-owner of Patton Valley Vineyards, committed to making the finest Oregon pinot noir based on sustainable vineyard farming practices.

The Rev. Dr. Tim Mitchell
The Episcopal Church of the Advent

The Rev. Dr. Tim Mitchell serves as Rector of the Episcopal Church of the Advent in Louisville, KY. A native Louisvillian, He was installed in 2008 as the 12th rector of Advent since the parish’s founding in 1874. He loves being back home in Louisville to serve God, Church, and the local community.

In 2009, he was elected to a six-year term on the Board of Trustees of The Church Pension Fund. He was re-elected in July 2015 for another six-year term, and now serves as Vice-Chair of the Board. Before returning to full-time parish ministry, he worked for 12 years as Investment Advisor and Regional Director (San Francisco office) of an investment advisory firm (Christian Brothers Investment Services, Inc.) in socially responsible investing, and before that as a corporate banker in Mexico City. He also serves on the Investment Committee of the Diocese of Kentucky.

He holds the following degrees: Doctor of Ministry from Pacific School of Religion, Berkeley, CA; Master of Divinity from University of St. Mary of the Lake, Mundelein, IL; Master of Science in Foreign Service (concentrations in International Business and Finance) from Georgetown University, Washington, DC; graduate diplomas from the University of Salamanca and Colegio de España, Spain (Rotary  Foundation Fellowship); and Bachelor of Arts (Phi Beta Kappa) from the University of Notre Dame.

Alan Snoddy, CFA
Managing Director
The Church Pension Fund

Alan Snoddy serves as Managing Director of The Church Pension Fund (CPF).  His primary responsibility is oversight of the global real estate investment portfolio.  He joined CPF in 1996 and has been involved with the firm’s socially responsible investing efforts since 2000.  Prior to CPF, he served as an analyst at Sanford C. Bernstein Inc.

He received a BA from the College of William & Mary and an MBA from Fordham University.  He is a CFA® charterholder.

The Rev. Kirsten Snow Spalding
Director, Investor Network

The Rev. Kirsten Snow Spalding is Senior Director of Ceres, a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. She leads the Ceres Investor Network, a group of more than 150 institutional investors, collectively managing more than $24 trillion in assets, advancing leading investment practices, corporate engagement strategies and policy solutions to build an equitable, sustainable global economy and planet. Before assuming leadership of the Investor Network, she represented Ceres on the West Coast for all investor programs from 2007-2017.

Prior to joining Ceres, she served as Chief Deputy Treasurer under California Treasurer Phil Angelides and Director of the Treasurer’s environmental financing authorities. Prior to her government service, Kirsten worked in the labor movement as Chief of Staff for the California Labor Federation, AFL-CIO. With the California Sierra Club and the Ella Baker Center, Kirsten co-founded the California Apollo Alliance. For six years, she chaired the Center for Labor Research and Education at University of California, Berkeley, and taught at Boalt Hall School of Law. As a lawyer with the firm of Beeson, Tayer, & Bodine she represented unions and their pension plans.

In her early career, she worked as a community and cultural organizer in Durban, South Africa. She holds a BA from Yale College in music, a JD from Hastings College of Law and an M.Div. from Church Divinity School of the Pacific. She is Rector, Episcopal Church of the Nativity, San Rafael, wife, and mother of two teenage sons.