Sample 

 

 


A Resolution

for

The Charge Conference of Christ Church, United Methodist

 

Permanent Investment Fund Committee

 

WHEREAS paragraph 2533 of The Book of Discipline of the United Methodist Church (1996) contains the following provisions:

 

A Charge Conference may establish a local church permanent endowment (or investment) fund committee. The purposes for establishing such a committee include the responsibilities to:

 

1.    Provide the services described in Para. 2532.5 as designated by the donor or at the direction of the charge conference upon notice to the Board of Trustees. Consideration shall be given to the placement of funds with the conference or area United Methodist foundation, or local church foundation, for administration and investment. When the charge conference has designated the committee to provide the services described in Para. 2532.5, the committee shall have the same investment and reporting duties as are imposed on the Board of Trustees in that paragraph.

 

2.    The charge conference shall adopt guidelines for action by the committee on planned giving and/or permanent endowment fund. Subject to the direction and supervision of the charge conference, the committee shall fulfill its responsibilities in administering the planned-giving and/or permanent endowment fund. Following each General Conference, the charge conference shall update any required changes in the planned-giving and/or permanent endowment fund documents.

 

3.    Emphasize the need for adults of all ages to have a will and an estate plan and provide information on the preparation of these to the members of the congregation.

 

4.    Stress the opportunities for church members and constituents to make provisions for giving through United Methodist churches, institutions, agencies, and causes by means of wills, annuities, trusts, life insurance, memorials, and various types of property.

 

5.    Arrange for the dissemination of information that will be helpful in pre-retirement planning, including such considerations as establishing a living will and a living trust, and the need for each person to designate someone to serve as a responsible advocate should independent decision-making ability be lost.

 

6.    Permanent Investment Fund Committee members are directed by the charge conference to follow the guidelines and actions initiated by the charge conference, overturn any transaction that the charge conference may deem excessive, and remove any member who does not carry out the directions of the charge conference. Careful attention will be given to the election of members to ensure that there is no conflict of interest. Following each General Conference, the permanent endowment document shall be brought into line with any changes in the Discipline.

 

7.    Other responsibilities as determined by the Charge Conference.

 

8.    Resources for these tasks may be secured from conference and/or area United Methodist foundations and development offices, from the General Board of Discipleship, and from other appropriate sources for program assistance and direction.

 

 

Now Therefore, be it resolved, that the Charge Conference of Christ Church, United Methodist, Wellesley, MA, in session on this 10th day of April, 2000, hereby adopts the following Resolution:

 

ARTICLE ONE

 

Adoption of the Charter of the Permanent Endowment fund:

 

Christ Church, United Methodist hereby adopts the Charter of the Permanent Endowment Fund hereto attached.

 

ARTICLE TWO

 

Creation of the Permanent Investment Fund Committee:

 

The Charge Conference, acting pursuant to Para. 2533 of The Book of Discipline of the United Methodist Church (1996) hereby establishes a Permanent Investment Fund Committee to devote maximum effort to promoting and receiving funds for the Permanent Endowment and Restricted Funds program of this church.

 

ARTICLE THREE

 

Election of Committee Members and Term of Office:

 

The Permanent Investment Fund Committee shall consist of the following persons:

 

1.         The Pastor

2.A Representative elected from or appointed to represent the Committee on Stewardship and Finance

3.The Treasurer

4.A Representative elected from or appointed to represent the Board of Trustees

5.A Person elected by the Charge Conference upon the nomination of the Committee on Nominations.

 

Members elected by the Charge Conference, the Board of Trustees, and the Committee on Stewardship and Finance shall hold office for a term of one year and until the successors are elected.

 

 

ARTICLE FOUR

 

Election of Chairperson:

 

The Chairperson of the Permanent Investment Fund Committee shall be elected by members of the Committee.

 

ARTICLE FIVE

 

Powers and Duties:

 

A.    To receive and administer all bequests made to Christ Church, United Methodist; to receive and administer all trusts; to invest all trust funds of Christ Church, United Methodist in conformity with the laws of the United States of America, the Commonwealth of Massachusetts and the City of Wellesley. The Committee shall maintain a permanent record of the specific purpose of each account that has a restriction on the use of the income earned on the account. The Committee may combine into a single account all gifts having the same restrictions on the use of income, and may maintain a single account for all gifts not having any restriction on the use of income.

 

B.    To emphasize the need for adults of all ages to have a will and an estate plan; and to provide information on the preparation of these to the members of the congregations;

 

C.    To stress the opportunities for church members and constituents to make provisions for giving through United Methodist churches, institutions, agencies, and causes by means of wills, annuities, trusts, life insurance, memorials, and various types of property;

 

D.   To arrange for the dissemination of information that will be helpful in pre-retirement planning, including such considerations as establishing a Living Will or a Living Trust; and,

 

E.    Other responsibilities as determined by the Charge Conference.

 

The Undersigned Certify that this Resolution was Approved by a Vote of:

 

______for                  ______Against                 ______Abstained,           

 

At a duly called meeting of the Charge Conference of Christ Church, United Methodist held at the church on April 10,2000, notice of the proposed action having been given in the call of the meeting.

 

 

_________________________________

Recording Secretary

_________________________________

Pastor
 
 

 


_________________________________

District Superintendent

 

 

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