Outline of SPL Church Endowment Fund Proposals
*Submit project proposal starting July 1 with deadline of August 31;
must have written estimate submitted with proposal to be considered;
must be a Church-related proposal.
*Proposals are then forwarded to SPL Church Endowment Fund
Committee and to the board it impacts.
*SPL Church Endowment Fund Committee will meet and review proposals
and then bring their recommendation to the Board of Stewardship.
*SPL Church Endowment Fund Committee will read the recommended
proposals at the October Congregational Assembly meeting.
*The Congregational Assembly votes on proposals at the January meeting.
*Final amount of approved proposals will not be known until July 1st;
checks may be written when work is completed and final bill is turned in.
Five percent (5%) per year of the total Endowment Fund may be distributed.