Endowment – Looking Back & Looking Forward: January 30, 2022
January is the perfect month for looking back and looking forward. Although it’s the beginning of the calendar year, January is the middle of our church fiscal year, FY21/22.
Looking back over the first half of the fiscal year, the UCE Board of Trustees approved fourteen grant applications. These grants fulfill the total Endowment Fund distribution of $87,729 for FY21/22.
Six grants support community organizations or outreach:
- Interfaith Action Community Support (FAST) – $15,000
- Family Focus Scholarships (FAST) – $6,650
- Solidarity Circles and Training (IST) – $5,900
- Expansion of Youth Housing – CFH (FAST) – $23,000
- Immigrant Family Support (IST) – $3,500
- Soup Kitchen (FAST) – $1,000
- Total = $55,050
Seven grants support UCE programs, projects, and scholarships:
- 8 Principles (BOT) – $950
- Hybrid worship/conferencing equipment (STF) (-$5,047 which was funded in FY20/21) – $18,600
- RE Storyteller (FFF) – $1,800
- Worship Arts Section Leads (WAC) – $9,000
- Installation Service (BOT) – $2,000
- UUA General Assembly Funding (DA) – $4,376
- Lobby Arts Program (LAP) – $1,000
- Total = $37,726
A grant supporting scholarships for the MidWest Leadership Training School has been combined with the UUA General Assembly Funding grant, reducing the total grants by one.
Looking ahead, the Endowment Fund distribution amount for FY22/23 is $95,496 (5% of the Fund principal on 12/31/2021). Applications for FY22/23 may be submitted for the May 31 deadline. If recommended by the Endowment Committee and approved by the Board of Trustees, these will be funded in July, 2022.
Contact Trustees Margaret Schatz, Tom Hempfling, and Bill Hartgering, if you have questions.