Annual reports

Annual Report of the UUC Foundation

May 19, 2019

The purpose of the Foundation is to manage an endowment for the benefit of the Unitarian Universalists of Clearwater.  This provides a vehicle for congregants to make gifts and bequests where the income goes to UUC but the principal remains invested to provide long term benefits to UUC.

Activity for the past year included:

  • Granted to UUC Operating Budget – $38,376
  • Invested $20,000 in the UUA Common Endowment Fund for Socially Responsible Investing

Assets of the Foundation on May 1 2019 were $1,049,995.  The Foundation’s investment policy is to invest 60% of assets in equities (stock mutual funds) and 40% in fixed income investments (bonds, CD’s, loan to UUC, money market funds.)   

The Foundation’s grant policy is to make an unrestricted grant to UUC each November equal to 4.25% of the Foundation’s average assets in the previous year.

The officers of the Foundation are:

            President:                   Sue Boone

Vice-President            Harold Winner

Treasurer:                   Robert Barnett

Secretary:                   Ed Kraemer

Other members are   Dick Rolfes, Roberta Watson, Margie Manning, Bill Snell, Bob Buesing, Peggy Long, Bill Norsworthy, Joe Pace, Barbara Murphy, Joe Myers and John Fraser.

Bequests to the Church and/or Foundation are usually written into member’s wills.   If you are interested in gifts to either organization contact Foundation members above, and/or the church treasurer.