Message from the Investment Committee
Do you have any questions or comments for the St. John's Church Investment Committee? Please contact any member of the Investment Committee if you have any concerns. The following report was posted on July 1, 2023.
- After several months of discussion, deliberations, and investigation by the Investment Committee, we have determined that the church has not received the maximum return on its investments. The committee is sharing with the rest of the congregation the changes that they made listed below. The changes took effect immediately.
- The church will now employ a financial advisor and a money manager whose expertise will benefit the church’s return. The committee has retained Edward D. Jones’ Winona office for that purpose.
- Except for the Bicentennial CD, all moneys previously given and held by the church for investment purposes will be transferred to the church’s portfolio with Edward D. Jones. The Bicentennial CD will remain as is.
- St. John’s Investment Committee will still have the final word over our investments. The advantage of investing through Edward D. Jones is that their expert investors and long-range planners will be able to place investments where they are most beneficial to the church and minimize risk.
- The Investment Committee will have immediate access to all investments and the balances in the account online, 24/7/365.
- The Investment Committee will meet with our planners and managers at least once a year to review the church’s portfolio and make any necessary changes. This can be done more often if either party thinks it is necessary between the annual meetings.
- The service will cost 1.39% of the total value of the church’s portfolio.
- The church’s portfolio will be structured so that the church can immediately access a significant amount of cash to meet an emergency without penalty or losing interest.
- The Annual Report will no longer include the individual investments by name. Instead, there will be a short summation of the year’s activities and the total fund of the church’s investments at year’s end. A more detailed breakdown can be requested from the Investment Committee by any church member.
- The Investment Committee has and continues to record all moneys given to St. John’s Church for investment purposes.
In 1957 St. John’s Evangelical and Reformed Church became St. John’s United Church of Christ as a result of a merger. The denominations of the Congregational Christian Church, along with Evangelical and Reformed Church joined to form United Church of Christ. UCC is a distinct and diverse community of Christians that came together as one church. They joined faith and actions and currently are over 5,000 churches with nearly one million members across the U.S. The UCC serves God in the co-creation of a just and sustainable world. The UCC is a church of "firsts," a church of extravagant welcome, and a church where "…they may all be one".
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