January
- Funds distributed to approved grant recipients by the 15th
- Congregation approves candidates for Board of Directors
- Investment Committee Meeting
- Annual Meeting of the Board of Directors:
- Review Quarterly Investment Performance with Investment Manager
- Review Financial Statements and Annual Audit
- Election of Officers
- Signature cards
- Communicate names and positions to Investment Manager
- Appointment of Committee Members recommended by Nominating
- Committee and Appointment of Chairpersons
- Sign Conflict of Interest Statements
February
- Federal Tax Return Due on the 15th
- Investment Committee Meeting
March
- Investment Committee Meeting
April
- Investment Committee Meeting
- Board of Directors Meeting:
- Review Quarterly Investment Performance with Investment Manager
- Review Financial Statements
- Review/Approve Committee Policies and Guidelines
May
- Follow up reminders to prior grant recipients
- Investment Committee Meeting
June
- Grant requests due in the Church office by the 15th
- Investment Committee Meeting
July
- Ministry and Mission Committee begins review of applications
- Investment Committee Meeting
- Board of Directors Meeting
- Review Quarterly Investment Performance with Investment Manager
- Review Financial Statements
- Review completed list of grant applications received
August
- Ministry and Mission Committee continues review of applications
- Investment Committee Meeting
September
- Ministry and Mission Committee continues review of applications
- Investment Committee Meeting
October
- Provide calculation of funds available for distribution to Ministry and
- Mission Committee
- Ministry and Mission Committee completes review of applications and makes recommendation to Board for grant distributions by October 1st
- Investment Committee Meeting
- Board of Directors Meeting
- Review Quarterly Investment Performance with Investment Manager
- Review Financial Statements
- Review and approve recommendation from Ministry and Mission
- Committee on grant applications
- Approve next fiscal year budget
- Review upcoming vacancies requiring Nominating Committee topresent candidates at the Church Annual Meeting in January
- Engage and/or confirm an Audit Firm
- Set the Annual Meeting date
November
- All grant applicants are notified by the 15th as to the acceptance or rejections of their request
- Request funds for grant distribution from Investment Manager to be available January 10.
December
- Prepare checks by the 20th for distribution in January
Actions
– Adopted by action of the Board of Directors, Christ Lutheran Foundation, Inc.
– Initiated by Board approval: October 23, 2006
– Reviewed and approved, July 19, 2010 (review), October 18, 2010 (approved)
April 18, 2011 (approved)
