Alamo Heights United Methodist

PART V, LINE 4:

“The children's ministry endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for the children's ministry. These amounts are classified as donor restricted until appropriated. The joe strange endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for special music offerings. These amounts are classified as donor restricted until appropriated. The smith/sessions lecture endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for honorarium, travel and housing expenses for persons chosen to deliver lector's series or sermons for the church. These amounts are classified as donor restricted until appropriated. The frances k. Hendricks endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for maintenance and capital expenditures on the buildings of the church. These amounts are classified as donor restricted until appropriated. The steinway concert grand and self fortepiano endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for maintaining the fortepiano and grand piano that includes using only steinway personnel for tuning and moving of the pianos. These amounts are classified as donor restricted until appropriated. The gene medlar endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for non-budget items in the children's music program. These amounts are classified as donor restricted until appropriated. The children's music and handbell endowment - as required by its governing documents, the original corpus is to be invested in perpetuity with only the investment return to be used for non-budget items in the children's music and handbell choir programs. These amounts are classified as donor restricted until appropriated. The church has adopted an investment and spending policy, approved by the board and foundation for the endowment fund assets, that attempts to maximize total return consistent with an acceptable level of risk. Endowment assets are invested in a well diversified asset mix that is intended to result in a reasonable rate of return that has sufficient liquidity to make the required annual distributions. Actual results in any given year may vary from this amount. Investment risk is measured in terms of the total endowment fund; investment assets and allocation between classes and strategies are managed to not expose the fund to unacceptable levels of risk.”