|
FOR THE CHARGE CONFERENCE OF LEXINGTON UNITED METHODIST CHURCH SOCIAL JUSTICE ENDOWMENT COMMITTEE WHEREAS paragraph 2533 of The Book of Discipline of the United Methodist Church (2000) contains the following provisions: |
||
| A Charge Conference may establish a local church permanent endowment fund committee. The purposes for establishing such a committee include the responsibilities to: | ||
| 1. | Provide the services described in Para. 2532.5 as designated
by the donor or at the direction of the Charge Conference upon notice to
the Board of Trustees. Consideration shall be given to the placement
of funds with the conference or area United Methodist Foundation, or local
church foundation, for administration and investment.
When the Charge Conference has designated the committee to provide the services described in Para. 2532.5, the committee shall have the same investment and reporting duties as are imposed on the Board of Trustees in that paragraph. |
|
| 2. | The Charge Conference shall adopt guidelines for action by the committee
on planned giving and/or permanent endowment fund. Subject to the
direction and supervision of the Charge Conference, the committee
shall fulfill its responsibilities in administering the planned-giving
and/or permanent endowment fund.
Following each General Conference, the Charge Conference shall update any required changes in the planned-giving and/or permanent endowment fund documents. |
|
| 3. | Emphasize the need for adults of all ages to have a will and an estate plan and provide information on the preparation of these to the members of the congregation. | |
| 4. | Stress the opportunities for church members and constituents to make provisions for giving through United Methodist churches, institutions, agencies, and causes by means of wills, annuities, trust, life insurance, memorials, and various types of property. | |
| 5. | Arrange for the dissemination of information that will be helpful in preretirement planning, including such considerations as establishing a living will and a living trust, and the need for each person to designate someone to serve as a responsible advocate should independent decision-making ability be lost. | |
| 6. | Permanent Endowment Fund trustee members are directed by the Charge Conference to follow the guidelines and actions initiated by the Charge Conference, overturn any transaction that the Charge Conference may deem excessive, and remove any member who does not carry out the directions of the Charge Conference. Careful attention will be given to the election of members to ensure that there is no conflict of interest. Following each General Conference, the permanent endowment document shall be brought into line with any charges in the Discipline. | |
| 7. | Other responsibilities as determined by the Charge Conference. | |
| 8. | Resources for these tasks may be secured from conference and/or area United Methodist foundations and development offices, the National Association of United Methodist Foundations, the General Board of Discipleship, the General Council on Finance and Administration, and other appropriate sources for program assistance and direction. | |
|
NOW THEREFORE, BE IT RESOLVED, that the Charge Conference of Lexington United Methodist Church, Lexington, MA, in session on October 21, 2001, hereby adopts the following Resolution: ARTICLE ONE ADOPTION OF THE CHARTER OF THE
ARTICLE TWO CREATION OF THE SOCIAL JUSTICE
ARTICLE THREE ELECTION OF COMMITTEE MEMBERS
|
||
| A. | The Pastor | |
| B. | Three members appointed from the Committee of Outreach | |
| C. | Three persons elected by the Charge Conference upon the nomination of the Committee on Nominations | |
| Members are elected for a three-year term.
ARTICLE FOUR ELECTION OF CHAIRPERSON ARTICLE FIVE POWERS AND DUTIES |
||
| A. | To receive and administer all bequests made to the Social Justice Endowment Fund of the Lexington United Methodist Church; to receive and administer all trusts; to invest all trust funds of Lexington United Methodist Church in conformity with the laws of the United States of America, the Commonwealth of Massachusetts and the Town of Lexington. The Committee shall maintain a permanent record any restricted gifts. The Committee may combine into a single account all gifts having the same restrictions on the use of income, and may maintain a single account for all gifts not having any restriction on the use of income; | |
| B. | To emphasize the need for adults of all ages to have a will and an estate plan; and to provide information on the preparation of these to the members of the congregations; | |
| C. | To stress the opportunities for church members and constituents to make provisions for giving through United Methodist churches, institutions, agencies, and causes by means of wills, annuities, trust, life insurance, memorials, and various types of property; | |
| D. | To arrange for the dissemination of information that will be helpful in preretirement planning, including such considerations as establishing a Living Will or a Living Trust; | |
| E. | To receive, research, review and recommend projects to the Charge Conference; and, | |
| F. | Other responsibilities as determined by the Charge Conference | |
|
THE UNDERSIGNED CERTIFY THAT THIS RESOLUTION WAS APPROVED BY A VOTE OF: 39 FOR 2 AGAINST 0 ABSTAINED AT A DULY CALLED MEETING OF THE CHARGE CONFERENCE OF LEXINGTON UNITED METHODIST CHURCH HELD AT THE CHURCH ON OCTOBER 21, 2001, NOTICE OF THE PROPOSED ACTION HAVING BEEN GIVEN IN THE CALL OF THE MEETING. Louise M. Kreutziger, Recording Secretary Rev. Susan J. Morrison, Pastor |
||