Legacy Fund Committee
The Legacy Fund Committee, whose members are elected to staggered terms at the Annual Congregational Meeting, is responsible for overseeing the church's endowment fund and choosing worthwhile projects to benefit from the Legacy Fund's income.
To get an award from the Legacy Fund, submitters must show that the proposal reflects the religious and social values expressed in the UUA Principles and that the proposal does not consist of ongoing, day-to-day expenses. Types of projects that could receive Legacy Fund grants include educational programs, community outreach, social action efforts, and/or one-time capital expenditures to improve PBUUC's facilities.
Paint Branch UU Church is fortunate to have an endowment fund. Making a gift to the Legacy Fund in someone's name is a great way to honor those who are celebrating one of life's milestones--graduation, wedding, birth of a child, retirement; or, in memory of a loved one or friend; or by regular giving to benefit future church members.
Gifts of cash and securities earmarked for the Legacy Fund are invested, and a portion of the income generated by the principal amount of the Fund is considered for grants that:
- Develop or enhance educational, social action and community initiatives that benefit the congregation and/or community;
- Enhance the wider mission of Unitarian Universalism; and
- Fund capital improvement projects.
Legacy Fund Committee members make recommendations to the Board on investments and grants based on the processes outlined in their Charter.
Legacy Fund Committee members are elected to serve staggered three-year terms. There are four elected members. The sitting Board Chair is a member. The minister is also an ex-officio non-voting member. Members choose their own Presiding Officer and other officers, as needed.
- Make recommendations to the Board on the limits of grants and threshold balances that will permit grantmaking.
- Provide information, via Bulletin announcements and Branches, on the Legacy Fund’s grants processes and guidelines.
- Review grant proposals and make recommendations to the Board.
- Review monitoring reports from prior year’s awardees.
- Prepare an Annual Report of the Committee’s activities.
Committee members must be:
- Able to work together as a team to advance the Church’s mission, vision and goals.
- Active members of the Church. They should attend Sunday Services and participate in other Church-based activities.
- Committed to the Church’s resolution on becoming an intentional multicultural congregation.
- Willing to meet at least once a year, usually in the evening at the Church. Committee members must also respond to e-mails from the Chair, from Church members, and take time to review materials prior to any meetings, particularly the meeting to recommend grants to the Board for their final approval.
- Able to spend 10 to 15 hours between early March and late April doing the major work of this Committee. The Chair will spend more time, calling meetings, sending out updates, preparing/reviewing the Annual Report to the congregation.
- Open to opportunities for leadership development provided by the Church, local, district, regional and denominational organizations from time to time.