Endowment Task Force Winter Update: February 4, 2022
The Endowment Task Force has been working steadily since our last update in the congregation in autumn. In our semi final phase, we are considering the following eight areas:
- Board of Trustees and Endowment Committee Relationships
- Endowment Committee Structure
- Distribution of Endowment Funds
- Committee Processes and Policies
- Legal Review and Bylaws
- Investments
- Communication with the Congregation
- Application Process
We have developed proposals to address the approximately 150 issues which were identified by the congregation. We are considering those issues and are finalizing our recommendations.
We have been meeting a couple times each month, for about an hour and half each time.
So far, we have completed draft versions of our proposals for two areas and half of a third. That leaves five and one half to finish. We expect that further input from the congregation will be necessary for us to conclude our final proposal recommendation process. We have determined that taking our time and giving each proposal proper consideration will lead to the best results.
By the spring we expect to reach out one more time for guidance from the congregation, before we publish our recommendations.
Thank you for caring about how we make use of this extremely valuable resource of UCE.
Joe Romeo