Disbursements from the Endowment Funds come from accumulated interest and, with very few exceptions, from the principle. The Trust Fund Committee disburses from the Scholarship and Mission Funds annually.
Scholarship Fund
The Trust Fund Committee seeks investments with competitive interest rates at low-risk to maximize Scholarships for High School graduates. Each year the Scholarship Committee decides on recipients for Scholarships. The Trust Fund Committee determines the disbursement amount and provides checks to the college/university of the recipient.
Each year the Trust Fund Committee prepares a list of recommended local charitable causes to receive Mission Fund monies. Recipients are decided by majority vote by the Congregation. The monies come from non-scholarship Endowment Funds interest.
