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Endowment Committee

Covenant

Adopted 2019-08-15

The Endowment Committee is responsible for building our endowment funds, and ultimately to generate significant income for the congregation. We accomplish this through encouraging unrestricted bequests to the church and administering and stewarding the funds received for our endowment. According to the Congregation’s Bylaws, the committee consists of three congregants nominated by the Nominating Committee and elected by the Congregation, each for a 3-year term, with a 2-term consecutive maximum. Terms are staggered for the committee’s continuity.  After completing their term of office, members of the Endowment Committee must complete a period of at least one (1) year off the committee before they can serve on the committee again.

 

Also in line with our Bylaws, the endowment funds are invested with the UUA’s Common Endowment Fund, which follows a socially responsible investment approach and maintains a prudent asset allocation in line with Granite Peak’s Investment Policy Statement, the document governing the investment guidelines for our general endowment.

 

The activities of the committee include:

 

  • building awareness of the endowment within the congregation.

  • soliciting bequests to the church for the endowment.

  • handling the investment logistics with our funds at the UUA.

  • tracking and reporting to the Board of Trustees the value of the endowment funds.

  • handling the administration of the memorial tree in the Sanctuary

  • Recommending endowment policies to the Board for approval

According to the policy set up by the Congregation when establishing our endowment fund (and covenanted with our donors), income from the endowment may not be used for regular operations of the Congregation, nor for our regular programmatic offerings. Rather, they are to be used for promoting the growth of Unitarian Universalism (including specific initiatives within our own Congregation), providing seed money for innovative new programs or demonstration projects for the Congregation, and paying for major capital expenditures. It was the intent in establishing the General Endowment Fund that it be used to “move the Congregation to look to the future, rather than simply living in the past”.

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Peter Eldridge

Member

FY2022-2024

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Art Gorski

Chair

FY2023-2025

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Udelle Stuckey

Member

FY2021-2023

John A. Gurley Memorial Society

The Gurley Society has been established to honor those who have made a commitment to the Congregation as part of their estate planning. Planned gifts are often the single largest and most significant gifts an individual can make to a congregation. Through the Endowment Fund these gifts are essential to the long-term financial future of the congregation and our liberal faith. If you have made such a commitment to Granite Peak Unitarian Universalist Congregation, please consider letting us know and becoming a member of the Gurley Society. Society members can maintain anonymity if they so desire. If you have not yet made your commitment, consider including the Congregation in your will or estate planning. Members of the Endowment Committee would be happy to work with you and your financial and legal advisors.

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