Foundation Board Approves 2020 Income Rates

 The Christian Church Foundation Board of Directors gathered in Indianapolis, IN, April 28-30, for their spring meeting. The Board reviewed the 2019 first quarter information and received reports of solid returns and exceptional growth. The meeting included worship together, conversations regarding the upcoming General Assembly, and reports from our independent investment consultant Prime, Buchholz and Associates. Rev. Bruce Barkhauer, the Director of the Center for Faith and Giving, met with the Executive Committee and led them in discussion around “Generosity Plus,” a new coaching platform launched by the Center for Faith and Giving.

Representatives of New Covenant Trust Company met with the Board to provide a review of trust investments. Our relationship with New Covenant began in January 2017 and they now administer over 90 Charitable Remainder Trusts for the Christian Church Foundation. New Covenant “comprises a top quality investment management group operating under the guiding values of the Presbyterian Church” and is a subsidiary of the Presbyterian Foundation. [1] This ecumenical partnership has proven to be a valuable relationship for the Christian Church Foundation.

Rev. Dr. Robert Welsh presented to the Board of Directors about the history of the Christian Church Foundation and the importance of our mission within the ministry of the Disciples of Christ. The Foundation Board received recommendations and voted on the recipients for the Harry T. Ice and James P. Johnson Stewardship Awards. These awards will be presented at the Christian Church Foundation General Assembly dinner in Des Moines, IA.

The Foundation Board discussed and voted on the 2020 Income Rates for the Joint Investment Trust. Income rates in 2020 will remain the same as in 2019; Common (3.75%), Beasley (4.00%), Campbell (4.25%), Bostick (4.00%), Brown (2.50%).

The Board’s next meeting will be November 8-10 in Atlanta, GA.

[1] http://www.newcovenanttrust.com/