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
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)
