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Purpose

To oversee the investment of accumulated First Parish Church and First Parish Cemetery funds exceeding annual operating requirements in order to provide an endowment to meet future needs.

Responsibilities

  1. Defines investment objectives, such as- risk, return, and asset diversification.
  2. Sets permitted limits of investment instruments and maintains an investment policy document.
  3. Selects outside financial counsel to invest funds and manage the portfolios, according to policies and limits established by the committee.
  4. Prepares annual report for review by the Assessors and presentation at annual meeting of the Parish.

Membership

There are five committee members, nominated by the Nominating Committee for approval at the annual meeting for a four-year term. The committee determines a chairperson.

The committee meets with the investment manager at least twice during the year, and holds interim meetings as deemed necessary by the chairperson.