Endowment Fund

For almost fifteen years, St. James has had the privilege of caring for a unique ministry at the crossroads of stewardship and mission.  In 1998, the St. James UCC Endowment Fund was set up with funds received from the estate of Matilda Kutra. The money is invested in various Vanguard accounts to preserve and grow the investment and to produce income to distribute to designated charities. Growth comes from reinvesting capital gains and from additional contributions.

The Endowment Committee, with a mandate from Consistory, oversees applications and distributions from the Endowment, using only interest income in accordance with the St. James by-laws.  The Committee meets quarterly to review applications (the 4th Tuesday in February, May, August, and November).  Applications are due by the 4th Sunday of the corresponding months.  Five members of the congregation sit on the Endowment committee in rotating three-year terms; they are voted in at our annual meeting as the representatives to this committee.

The categories for applications are Christian Education, Community Service & Outreach, and the Wider Mission of St. James UCC.  Please click here to view or download the complete application.  Forms are also available on the bulletin board in the narthex.  In 2012, the St. James Endowment Fund has been used to support a variety of organizations and activities, including:  a matching college scholarship program for a student in a Christian program of studies; we
have supplemented the ministry of a chaplain working with low-income  workers in spiritual and physical crises; we’ve contributed to the 2012 Appalachia Service Projectmission team; and we have made a donation to  the community outreach work of Orion Communities in Phoenixville as  they assist our neighbors who are dealing with homelessness, disability, addiction, and financial crisis.

The endowment fund gives St. James the opportunity to participate in the community, expand our concept of stewardship, and help deserving groups with funds for their projects. Contributions to the Endowment fund are always welcome.