MMFA believes your church will find the following features and services of the Common Fund to be very helpful as the trustees and boards fulfill their fiduciary and faithful steward responsibilities.
Quarterly Reports
In addition to the investment options, the Common Fund provides quarterly investment reports on the performance and activity for each account 10 business days following the end of the quarter. We acknowledge that information about your finances is critical to operating your church/agency and carrying out your duties.
Distributions
Along with reporting, the Common Fund generates distributions on a schedule that meets the church's/agency's budget planning needs. The amount distributed can be a percentage of total assets, a fixed dollar amount, or income only. You can also choose to reinvest all earnings and not take a distribution. This feature helps churches and agencies comply with restrictions on distributions as imposed by benefactors, the church council, and/or the trustees.
Contributions & New Investments
Additions to current investments and the creation of new funds can occur at any time during the month. There is no need to wait until the end of the month or quarter to put the church's/agency's money to work. Once a new or additional investment is received by TIAA-CREF, it is invested and put to work within forty-eight hours.
Change Sheets
Circumstances and needs change. As a result, every November we distribute a Common Fund Change Sheet. This allows you to change the investment allocation, distribution schedule, and distribution amount for the upcoming year.
By-laws
Besides helping churches and agencies better manage and invest their funds through the Common Fund, MMFA helps churches and agencies organize their permanent funds and endowments. A considerable amount of time is spent revising and developing by-laws that speak to the unique needs and interests of each church and agency. Currently, MMFA is engaged in a number of projects in this regard. As a resource to all churches, MMFA will post the policies of each of our client churches as we have done below. If your church would like assistance with developing investment and endowment policies that work, please contact MMFA.
Investment and Endowment Policies
Ephraim Moravian Church
Ephraim, WI
Hope Moravian Church
Hope, IN
Saratoga Moravian Church
Wisconsin Rapids, WI
First Moravian Church Dover
Dover, OH
Moravian Church of Lake Auburn
Victoria, MN
Raleigh Moravian Church (Coming Soon)
Raleigh, NC
New Philadelphia Moravian Church (Coming Soon)
Winston-Salem, NC
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