The Permanent Endowment Fund
of All Saints Episcopal Church

HISTORY AND BACKGROUND OF THE PERMANENT ENDOWMENT FUND

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THE ENDOWMENT DOCUMENT: TABLE OF CONTENTS

I. Composition of the Permanent Endowment Fund

A. Five Component Funds
B. Income Ratio
C. Total Return
D. New Gifts
E. Donor Designation
F. Component Funds Description

1. Unrestricted Fund
2. Building and Grounds Fund
3. Ministry and Music Fund
4. 75th Jubilee Community Fund
5. Christian Education Fund

II. Responsibilities of the Vestry of the Church

A. Ownership of the Funds
B. Declination of Gifts
C. Expenditure of Funds
D. Reports by Vestry

III. Selection of the Trustees

A. Number and Selection
B. Resignation, Removal, Filling of Vacancies
C. Meetings
D. Expenses

1. Organizational Meetings
2. Trustee Meetings
3. Quorum
4. Notice
5. Minutes

IV. Responsibilities of the Trustees

A. Solicitation of Gifts
B. Acknowledgement of Gifts
C. Management of Funds

1. Right of Retention
2. Duty of Inquiry
3. Right of Extension
4. Right of Conveyance
5. Right of Apportion
6. Duty to Set Aside
7. Vestry Review

D. Accounts and Reports

V. Modification and Termination of the Permanent Endowment Fund

A. Termination
B. Modification
C. Dissolution