Cedar Lane Unitarian Universalist Church
9601 Cedar Lane, Bethesda, Maryland 20814-4099
Tel: 301-493-8300    Fax: 301-897-5713
e-mail:
office@CedarLane.org

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Cedar Lane Unitarian Universalist Church Endowment Funds

The three Cedar Lane Unitarian Universalist endowment funds are managed by the CLUUC Endowment Fund Committee (EFC) which is charged with maintaining, protecting and growing the assets of the endowment funds and other funds entrusted to it. The Committee guidelines limit the investments to common financial instruments and in practice the Committee invests only in stock and bond mutual funds, money market accounts, and occasionally individual government and corporate bonds. Investments are made according to the policy of maximizing total return while maintaining a high degree of safety.

Social Justice Endowment Fund

The Social Justice Endowment Fund was established in 2007 for the purpose of building an endowment which will generate funds in perpetuity solely dedicated to supporting social justice actions undertaken by the congregation. The Social Justice Council, which responds to and helps set the social action priorities of the congregation, will decide annually how the monies appropriated by the fund will be spent.

No money will be disbursed from the Fund until it reaches the amount of $200,000. By February 1 of the fiscal year following the calendar year during which the Fund total reaches $200,000, and every year thereafter, the EFC will determine what amount, if any, will be available to the SJC for the next fiscal year beginning on the first day of July. The annual rate of allowable appropriation may vary, but at no time will the appropriation reduce the principal of the Fund (the original $200,000 plus additional capital contributions).

The Endowment Fund

The Endowment Fund was established in 1984 with the proviso that not monies be appropriated by the Fund until its value reached $1 million. This amount was reached in 1999 and the first distribution to the church was made in 2000. Distributions are made according to a formula and at no time will the annual appropriations be allowed to invade the principal of the Fund (the original $1 million plus additional capital contributions).

Although the Charter for the Endowment Fund does not specify the uses of the monies generated by this fund, the general consensus of the congregation has been that this fund should be used primarily to maintain and improve the church building and property, and secondarily to fund outreach programs.

Memory Fund               

The Memory Fund is an endowment fund that was established in 1999 to maintain the Memory Garden and church grounds and to support the archives and other UU history activities. The Fund did not appropriate money to the church until it reached $200,000 in 2006. The main source of support for this Fund is the $1,000 suggested donation when a name plate is added to the Name Wall, but contributions are also accepted. The money spent from the Fund will vary annually but will not diminish the $200,000 principal.


Cedar Lane Unitarian Universalist Church
9601 Cedar Lane, Bethesda, Maryland 20814-4099
Tel: 301-493-8300    Fax: 301-897-5713
e-mail: office@CedarLane.org
Sunday Services at 10 a.m.
© 1998-2008, Cedar Lane Unitarian Universalist Church
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