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Document Section
Original
Revision
of the Endowment Fund during
the applicable calendar year
of the Endowment Fund, the
investment status for the year
in which any amendment
hereto is duly enacted. A copy
of this document and each
amendment shall be kept by the
Secretary or Secretary-
Treasurer of the Board of
Trustees and shall be lodged
with the official Parish records
of the Parish and with the
Diocese to which the Parish
belongs.
enacted. A copy of this
document and each
amendment shall be kept by the
Vestry.
Funding
All gifts and bequests to the
Parish in excess of $1,000.00
(not to include annual pledges
and contributions made during
any service) unless specifically
designated by the donor, shall
be transferred to the
Endowment Fund.
Eliminated from the document
Investments
The funds received by the
Endowment Fund shall be
segregated from all other
Church funds and invested to
maximize growth (through
income and appreciation) in a
manner consistent with the
preservation of the principle of
the Endowment Fund and the
timing of the Church's needs to
pay for the fulfillment of the
purposes of this Endowment
Fund. The Board of Trustees
may appoint one or more
financial advisors to assist in the
development and
implementation of an
investment strategy for the
funds in the Endowment Fund.
The funds received by the
Endowment Fund shall be
segregated from all other
Church funds and invested to
maximize growth (through
income and appreciation) in a
manner consistent with the
preservation of the principle of
the Endowment Fund and the
timing of the Church's needs to
pay for the fulfillment of the
purposes of this Endowment
Fund.
Distributions
Funds should pay out
annually to the Vestry of
the Parish in an amount
The Board with Vestry approval
may request the annual
distribution from the TOTF be