Endowment Task Force Update

As you are probably aware, the Endowment Task Force has been meeting for well over a year. The Endowment Task Force consists of Susan Comstock, Margaret Schatz, Jane Kenamore, Alice Swann, Tom Ticknor, Rob Wingader, Eileen Wiviott, and Joe Romeo. We sought input from the Endowment Committee and the congregation at the beginning of our work to determine what concerns people had. We were able to use those concerns to develop proposals which fit into eight categories: Communication, Distribution, Endowment Committee Processes, Investments, Bylaws, Endowment Committee Structure, Processing of Grant Applications, and Board/Endowment Relationships.

We have a couple steps before we are ready to present our recommendations to the congregation. Currently, we are working to finalize the language for each proposal. Once we believe the language is clear, we will get feedback from the Endowment Committee and the Board of Trustees. At that point, we will hold townhall meetings to explain the recommendations and to get feedback from the congregation. We plan to have these steps completed this autumn.

Finally, it will be up to the Endowment Committee and the Board of Trustees to put the recommendations into practice. It is most important, we believe, that we continue to work deliberately to be sure that all the proposals are clear, understood and supported by the congregation.

Joe Romeo