YOUR ENDOWMENT FUND | As we come to the end of the UUCC congregational year, it is time to update you all on the state of the UUCC Endowment Fund. 2024-25 has seen considerable growth in the fund, both in terms of the value of our invested assets, and in the number and value of donations received during the year.
VALUE OF YOUR FUND | On July 1, 2024, the value of our assets invested in the fund stood at $688,631. On March 31, 2025, it stood at $899,457. To this you can add the $54,000 that we currently have in the bank account. However, $32,711 of that is this year’s Distribution from the UU Common Endowment Fund (where are assets are invested) which will be passed on to the UUCC operating account during the next congregational year.
DONATIONS TO THE ENDOWMENT FUND | During the year ending March 2024, the Fund received about 3 or 4 donations each month. In the year ending June 2025 the Fund has been receiving around 20 to 30 monthly donations, many repeating monthly small donations. We were also fortunate this year to be the beneficiary of one major donation of $213,300 left in the will of a deceased congregation member. Total donations received in FY 24/25 were $226,223 compared to $4,817 in FY 23/24. Our sincere thanks go to the well over 50 members and friends who have contributed to the fund this year.
ENDOWMENT FUND INVESTMENT | Since 2012 all our Endowment Fund assets have been invested in the UU Common Endowment Fund (UUCEF), a professionally managed diversified investment fund with over $260 million in assets. Some 343 UU Communities entrust their Endowment Funds to the UUCEF. The fund manages the day-to-day investing of these assets while carefully meeting UU socially responsible investing goals.
OVERALL GOAL OF THE ENDOWMENT FUND | When the Endowment Fund was first established in 2006, its top-level policy was defined in its governing documents:” . . . to develop and maintain an Endowment Fund overall value that is greater than the current year’s UUCC operating budget. . . . .” In January 2025 this overall purpose was achieved when the assets of the Fund exceeded the UUCC year’s operating budget. As this Endowment Board’s term expires, we pass this on to our successors and wish them the best of fortune.
Bryan Barrett
Chair of the Endowment Board
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