
Heritage UU Church Board of Trustees for 2022-2023, left to right: Julie Kane, Meredith Meyer, Kay Inskeep, Michelle Kelly, John Sandman, Rebecca Pace, and Luke Walczewski
The Heritage UU Church Board of Trustees met on December 12, 2022.
1. Our endowment balance currently sits at $61,653, with a 72% stock / 28% bond split. Under the terms of our endowment, we cannot spend any funds from the endowment until the balance exceeds $100k, and then we can access any excess funds over $100k. $25k will be added to the endowment fund as part of the Feders’ generous bequest to our community, bringing us much closer to being able to derive benefits from the endowment fund. After this $25k addition, the Endowment Committee is planning to transition the fund’s ratio to a more conservative 65% stock / 35% bond split.
2. The Board approved a $36k minister’s housing allowance for 2023.
3. The Board approved the appointment of the 2023 Heritage Acres board members: Tom Bosarge, Donna Buckley, Donelle Dreese, Bill Gupton, Laura Knight, Dave Spinney and Jeff Syroney.