Did you know that UUCC has an Endowment Fund? An endowment fund, typically held by a non-profit organization like UUCC, is established and built up through donations and investment growth. UUCC’s Endowment Fund is a permanent source of financial capital that grows and provides income for UUCC today, and for the foreseeable future.
This is the first in a 3-part series of Tapestry posts aimed at informing the congregation more fully about UUCC’s Endowment Fund, how it operates and how you can help it to grow.
UUCC’s Endowment Fund is monitored and managed by the UUCC Endowment Board. The Endowment Board is responsible for protecting the original principal of the Fund and overseeing the management and administration of the Fund in accordance with the Endowment Fund Charter. The objective of the Endowment Fund is to generate a long-term return while growing the principal. Donations to the Endowment Fund are invested in the UUA’s Unitarian Universalist Common Endowment Fund (UUCEF — more on this next week). Each year a percentage of the Fund is distributed to UUCC’s annual operating budget. Only the income and appreciation of the Fund is used for the distribution, which protects the original dollar value (principal) of each donation. In other words, money you donate to the UUCC Endowment supports the congregation forever.
This year, the members of the UUCC Endowment Board are: Julie Boughn, Scotty Scott, Jenny Bonilla, Stuart TenHoor, and Bryan Barrett. They meet monthly to review the status of the endowment, ensure that donations are acknowledged, plan education activities for the congregation and monitor all the fund operations. In this work they are greatly assisted by the UUCC Executive Director, Valerie Hsu.
In upcoming posts, we will describe the operations of the Endowment Fund, and how you can donate to the UUCC Endowment. In the meantime, if you have any questions, feel free to reach out to any Board member. More information is also available on the UUCC website: uucolumbia.net/governance/legacy-giving.