Endowment

ELECTED OR APPOINTED COMMITTEE

Endowment Committee

An Endowment Committee, shall be composed of five voting members of the congregation, elected by the Congregation, at its annual meeting. Two members shall be elected each year, except that every third year, only one shall be elected. The term of office for each member shall be 3 years, limited to no more than two consecutive terms. The President of the congregation shall be a non-voting member of this committee. This committee shall be responsible to the Congregation Council for the governance and operational procedures with regard to the Covenant and/or Endowment Funds of the congregation, and the written operational guidelines regarding this fund, shall be established by the congregation council and shall be on file in the church office.