March 2009
Imploding Market Challenges
-
Administering Charitable Endowments
By David T. Leibell
Healthy endowments play a significant role in the long-term stability of a church. Part of the stewardship responsibility of a vestry, therefore, is to understand the rules associated with the proper administration of endowment funds.
-
Dealing with Risk and Falling Markets...
By Jerry Keucher
In bad times and good, the principles that vestries should follow in their fiduciary oversight of long-term investments are the same. Especially when the markets are down, it is essential not to lose your head.
-
No Endowment Fund Means Just That
By Ken Quigley
Two stories, one problem. Both were small churches. Perhaps they thought they were too small to have an endowment fund. Or perhaps they thought the vestry would deal with a major bequest when the time came. In both cases, the churches quickly established endowment funds and built the structure to receive and manage legacy gifts.
-
Swimming Naked
By Ken Quigley
Swimming naked, you say? How is that like using endowment income for operating needs? Answer: No one notices ‘til the tide goes out.
-
What About Endowment Spending Policies?
By Ken Quigley
There are two basic ways of distributing money from your endowment fund: an “income-only” policy, or a “total return” policy.
