The Board of Directors has developed the Investment Policy Statement which defines investment goals, asset allocation rules, risk management, performance measurement, and spending policy. A copy is available upon request.

Any individual or group can request that a new fund be established for specific philanthropic purposes by making a donation and specifying the conditions for satisfying grant requests.

A Board of Directors is elected by the Annunciation General Assembly to serve 5 year staggered terms. This provides for long term management of the fund and a smooth transition of Board members. Additionally, the Annunciation Parish Council selects a member annually to serve on the Board of Directors and ensure communication and cooperation between the Board and Parish Council. This provides for the necessary liaison between the Council’s financial management of current Church affairs and the Board’s long-range fund management. Such cooperation ensures that the respective financial plans are working in the same direction towards common goals, for the benefit of the Parish.