The Endowment Committee is one of the five elected committees of the congregation, along with the Board of Trustees (BOT), the Nominating and Leadership Development Committee, the Auditing Committee, and the Committee on Ministries.
The Endowment Committee is responsible for the following:
- Managing all capital funds of the Congregation with the objective of preservation of assets and enhancement of the long-term financial security and well-being of the Congregation.
- Accepting, investing, and managing all contributions to the capital of the Congregation.
- When contributions are restricted by donors as to use, and such restriction is accepted by the BOT, complying with instructions and restrictions established by donors, in so far as it is feasible at the Endowment Committee’s discretion.
The Endowment Committee consists of five members, one of whom is elected each year at the Annual Meeting to serve until the fifth Annual Meeting thereafter. The Committee shall elect a Chairman and a Treasurer, each to serve for a one-year term and who may serve up to two consecutive terms in that role.
Typically members of the Endowment Committee are experienced in the financial field, and have a strong interest in serving by having a positive influence on the financial stability and future of the Congregation. All members are voting members and may not serve simultaneously as a member of the BOT. No member of the Committee who has served more than four years shall be eligible for election to a consecutive term.