Evangelical United Church of Christ

Authority & Procedures

The EUCC Foundation was established by the Congregation to manage, monitor and expend the Endowment Fund. The Endowment Fund was established in 1988 to receive gifts of cash, property, stocks, life insurance proceeds, trusts, retirement accounts, annuity, endowment policies or contracts. These gifts may be made in remembrance of an individual, a family, in recognition or appreciation of any living person, or may be the result of a directed Will of a member or friend of EUCC.

In 2008 the Foundation was re-organized and By-laws were approved by the congregation. The Foundation is managed by 5 Trustees elected by the congregation and each Trustee serves a three year term.

The current Trustees and terms of office are:

The Trustees meet quarterly to conduct the business of the Foundation.

The 2011 EUCC Foundation Report

The Endowment Trustees encourage any church member or friends to make gifts to the Foundation's Endowment Fund.

Foundation assets are invested with the United Church Foundation in a Balanced Fund and are used to supplement the General Fund of the EUCC of Webster Groves. Currently, the amount contributed to the General Fund is based on a formula of a calculated rolling average of the market value of assets. The rolling average ultimately will be based on 16 quarters of market value. As of March 31, 2011 the rolling average has been built to 10 quarters. The Trustees currently authorizes an annual contribution of 5% of the rolling average.