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St. Chad's Episcopal Church
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Distribution of Funds
The
distribution Policy of the foundation defines the criteria and conditions
under which distributions may be made by the Board of Directors from the
assets of the Foundation for the long-term benefit of St. Chad's.
The two key
provisions of the policy are that:
50% of the
total annual investment return for the preceding calendar year, or
25% of St.
Chad's annual operating budget for the year in which the distributions are
made.
A copy of
either the Distribution Policy or Investment Policy may be obtained from any
member of the Board of Directors of the Foundation.
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St. Chad's Home E-Mail Us: Rector Office Webmaster Site Updated June 29, 2008, Page Updated June 29, 2008 |