UUCA Endowment Fund
What is the UUCA Endowment Fund?
The Unitarian Universalist Congregation of Atlanta Endowment Fund (UUCA EF) is a means for people to make a long-term investment in the future of UUCA. It is a tax-exempt corporation created in 1970 to provide support to UUCA.
What is the Fund’s mission?
According to its charter, Endowment Fund assets must be used exclusively for religious, charitable and educational purposes through UUCA EF’s support of UUCA. Essentially the UUCA EF is able to fund projects that arise throughout the year that contribute to UUCA’s future prosperity. The relationship of the UUCA EF to UUCA is similar to that of a trust to its beneficiaries.
How can I support our UUCA Endowment Fund?
You may contribute in 3 ways:
- Donate cash or securities directly to the Fund at any time, including in honor or in memory of someone. Or as an annual donation as a member of our Birthday Club (donating an amount equal to your age each year). If donating cash, write a check payable to “UUCA Endowment Fund” and mail to UUCA or leave in office mailbox, indicating dedication if desired. Or, make an online gift to the Endowment Fund HERE. If donating securities, please contact the Endowment Fund treasurer at firstname.lastname@example.org to ensure proper transfer.
- Make a bequest in your will or other estate-planning documents to UUCA Endowment Fund. Suggested language for this bequest is “I give to the Unitarian Universalist Congregation of Atlanta Endowment Fund (tax ID number 23-7085616, a nonprofit 501(c)(3) corporation located in Atlanta, GA) _____ percent of my estate or the sum of $_____.”
- Create a Charitable Gift Annuity with the UUA, naming UUCA Endowment Fund as a beneficiary. For more details on creating this annuity through the UUA, click here. Consult your tax professional for specific guidance.
What is the Legacy Society of the Endowment Fund and how can I join?
Anyone who makes a bequest to the UUCA EF in their will or makes the EF a beneficiary of an insurance policy or retirement account can become a member of the Legacy Society. Legacy Society membership is encouraged as both a lasting means to contribute to UUCA’s future and as a means to encourage clarity in estate planning documents. If you have already made this commitment in your estate planning or are planning to do so and would like to become a Legacy Society member, please email email@example.com
What is the current value of UUCA Endowment Fund assets?
$732,745 as of December 31, 2016
View report through July 31, 2015 here.
Since assets are invested in mutual funds and securities, value fluctuates with the market.
How are the Fund’s assets used?
To fulfill its charitable responsibilities, the UUCA EF has typically contributed a portion of the Fund’s annual earnings directly to UUCA projects, but never in amounts that would jeopardize the principal assets of the Fund. During a typical year, up to 3% of Fund assets are made available as grants to support the life and work of the congregation. Examples of projects funded by the UUCA EF include:
$26,500 Phase I grant for Playground Reconstruction (and up to $15,000 matching grant for Phase II)
- $100,000 contribution to most recent UUCA Capital Campaign to renovate the church building
- $30,000 matching grant for creation of the Memorial Garden
- $9,850 grant to install safety railings in the sanctuary
- New steps & railings for the Memorial Garden to increase safety & accessibility
- $1,000 annual Reiman Scholarship given to a graduating UUCA high school senior
- Purchase of lighting for the Phoenix Rising sculpture by Anthony Borra at the entrance to the sanctuary
- Purchase of the Interdependent Web photograph by Ruth Gogel in the UUCA office
- Flood prevention project to prevent basement water damage
- Grant to repair and refurbish stained glass windows from earlier Unitarian church home on West Peachtree Street, now on display in UUCA foyer
How do I submit a grant proposal to the UUCA EF?
A grant proposal must first be submitted to UUCA’s Board of Directors for their review and endorsement. If endorsed, the proposal then goes to the Endowment Fund Board which studies the proposal further and decides whether to approve the request. If approved, the Endowment Fund Board’s final step is to determine whether the funding can occur during the current fiscal year or if it needs to be spread over multiple years to make sure the total of approved requests does not exceed 3% of the assets of UUCA EF each fiscal year.
What types of grant requests are funded by the UUCA EF?
The Endowment Fund is intended for extraordinary types of expenditures rather than those that might be submitted for inclusion in the annual operating budget of UUCA, so grant requests should support the long-term goals of UUCA. They might be for capital expenditures or some other similar one-time (rather than regularly-occurring) expenditure. The request could also be for seed money for a new initiative, or a loan for new or expanded purposes in support of the UUCA community.
Who manages the UUCA Endowment Fund?
The UUCA EF is managed by a nine-member Board of Directors, which chooses its Directors from a list of nominees provided by the UUCA Board of Trustees. Directors serve staggered terms of three years and elect officers among themselves annually. Current UUCA Endowment Fund directors are:
- Mary Sherman, President
- Laura de Castro, Vice President
- Mary Crawley, Secretary
- Godfrey Oakley, Treasurer
- Ron Frank
- John Guyton
- DeAnn Peterson
- Eric Pohl
- David Sjoquist
You may reach all directors at firstname.lastname@example.org
How are UUCA Endowment Fund assets invested?
The Fund is invested in a variety of vehicles to maximize potential fund growth, while providing protection of assets in financial downturns. All investments are in keeping with guidelines of Social Responsibility and are reviewed at least twice per year.
What is the history of the UUCA Endowment Fund?
The Unitarian Universalist Endowment Fund, a tax-exempt Georgia corporation, was created in 1970 to provide support for UUCA’s non-budgeted opportunities with a vehicle for prudent long-term investment. The name “Unitarian Universalist Congregation of Atlanta Endowment Fund” (UUCAEF) was adopted in 2009 to better reflect the mission of supporting UUCA. According to its charter, UUCA Endowment Fund assets must be used exclusively for religious, charitable and educational purposes. To fulfill its charitable responsibilities, the UUCAEF contributes up to 3% of the Fund’s annual assets directly to UUCA projects. The UUCAEF requires that a grant proposal be endorsed by UUCA’s Board of Trustees before it can be considered by the Endowment Fund.