Church Endowment Funds
What is an endowment fund? A financial endowment is a transfer of money or property donated to an institution, usually with the stipulation that it be invested, and the principal remain intact in perpetuity. This allows for the donation to have a much greater impact over a long period of time than if it were spent all at once.
The Hawai'i Conference Foundation manages endowment funds for the benefit of the Hawaii Conference or its Churches.
People have been generously donating endowments since 1883. A little money in the beginning has big payoff over time. A planned gift to an endowment fund is a good way to establish a memorial. None of the existing funds bars further contributions. A variety of good purposes already exist. Some are for Missionary work, Scholarships and Youth enrichment, to help Retired Ministers and spouses, to care for specific Churches or Cemeteries, for Churches in Geographical areas such as rural Oahu or Hilo or in one case, for “any way you see best”.
There are many good causes which can be earmarked with an endowment. A planned gift to an endowment fund is a good way to establish a memorial or to take care of a church. None of the existing Hawaii Conference Foundation endowment funds bars further contributions from anyone.
At present, there is no minimum amount needed to start an endowment fund. Trustee Approval is only needed to start a new fund. For more information, contact Mr. Sherman Hee, Executive Secretary, or Rev. Diane Weible, Associate Conference Minister for Stewardship, at Hawaii Conference Foundation.
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Investing Church Money
Short term funds should be kept in more liquid form at local banks or in the UC Cornerstone Fund.
Hawai'i Conference Foundation can assist churches with their long term investment needs. Hawai'i Conference United Church of Christ Churches, Associations and Affiliated Organizations are eligible to use the investment services of the Hawai'i Conference Foundation. By opening a Custodial Account your church funds may be invested along with the endowments of the Hawai'i Conference.
This is a flexible arrangement. You decide how much and when to put your funds in your Custodian Account and when and how often to withdraw them. We will reinvest all dividends, interest, and gains in the account. You will receive periodic reports, which will assist you to make reports to your church council, trustees or governing board. There are no extra fees or expenses.
Custodial Account Frequently Asked Questions
Custodial Account Agreement
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Investment Guidelines
The Hawai'i Conference Foundation Trustees establish guidelines to be followed by its professional money managers.
Current Investment Guidelines
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Investment Performance
The Hawai'i Conference Foundation measures its investment performance against established market indicies. Investment results are reviewed on a quarterly basis.
Quarterly Investment Performance Statement
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Loans to Churches
The United Church of Christ Church Building Revolving Loan Fund assists new congregations with the purchase of land and financing of construction of their first building.
For more information click HERE.
Existing Congregations may borrow from the United Church of Christ Cornerstone Fund. Individuals and churches may also invest with this Fund.
For more information click HERE.
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