Other Ways to Give – Restricted Funds
It is also possible to give to the UCWC by donating to restricted funds. Restricted funds are earmarked for a specific purpose. These funds are separate from the operating budget (except for the Repair and Replacement Fund) and are funded by special donations and fundraisers. Money donated to one of these funds is kept in the fund until the money is spent for the specified purpose.
There are four permanent restricted funds. Three—the Capital Projects Fund, the Endowment Fund, and the Social Action Trust Fund—are not funded from the annual budget. A fourth permanent restricted fund, the Repair and Replacement Fund for major building repairs, is funded by the annual budget, but may receive gifts.
- Capital Projects Fund. The Capital Projects Fund is a restricted fund that accepts planned and special gifts that will be used to meet the expenses of major improvements to the building and grounds and for major maintenance work.
- Endowment Fund. The Endowment Fund is a restricted fund that accepts planned and special gifts for future needs. The Endowment Fund income will be used for identified special or enduring programs or projects and will not be used to meet the Congregation’s annual operating budget expenses.
- Social Action Trust Fund. The Social Action Trust Fund is a restricted fund that distributes money to social action projects originating in West Chester, PA. Social action groups in our Congregation are encouraged to make recommendations to the Board for granting awards or donations to deserving local social action groups.
- Repair and Replacement Fund. The Repair and Replacement Fund is for non-standard major maintenance and repair of the building or systems within the building not normally anticipated as ongoing annual expenses.
Other Restricted Funds. In addition, the board may create short-term restricted funds for a special purpose. Examples are a fund to buy a new piano or a memorial fund.