Endowment Board: Policy on Funding Requests : St. Mark’s Episcopal Church

Summary of current policies of the Endowment Board regarding requests for funding from the St. Mark’s Endowment.

Form of request:	Requests should be made in writing (email preferred) to the Endowment Board.
Required information:	Purpose–sufficient detail to establish that the expenditure is eligible for endowment funding Funding amount If known, which endowment fund requested to be drawn from Timing of payment Back up documentation–a quote or invoice Whether the requester would like to make a presentation to the Endowment Board
Timing of request:	Ideally, a request for endowment funds would be made before the commitment is made to spend the funds. If that is not practicable, the request should be made on a timeframe that affords the Board a reasonable amount of time to consider and act on the request.
Timing of Board consideration:	The Endowment Board holds quarterly meetings, typically in the third week of: January April July October Funding requests in the ordinary course should be received by the 10th of the month to be considered at a quarterly meeting. For unanticipated expenses or where it is otherwise necessary, the Board can consider and act on funding requests on an ad hoc basis.

Endowment Board: Policy on Funding Requests