Fund 503, Episcopal Fund
This general church fund provides for the salary and expenses of all active bishops and for the support of retired bishops and surviving spouses and minor children of deceased bishops. Over the quadrennium, the average cost of a jurisdictional bishop is projected to be $1,250,000 while the average cost of a central conference bishop is projected to be $750,000.
These expenses include salaries of each bishop, Episcopal office expenses, partial support for maintenance of Episcopal residences, pension, health, and disability benefit premiums for bishops and their families, travel, meeting, and moving expenses, and pensions for bishops, surviving spouses and/or adult dependent children. Additionally, this fund supports the offices of the executive secretary and ecumenical officer of the Council of Bishops.