We’re excited to share that we’re making great progress on getting The FUSM Endowment Fund Trust up and running! Here’s what we’re currently working on:
State Registration
We’ve submitted our application to register the Trust with the Wisconsin Department of Financial Institutions. Our attorney expects to hear back by the end of September.
Setting Up Financial Accounts
The trustees started working with FUSM’s admin team to establish separate financial accounts for the Endowment Trust. This will include:
- A checking account
- A brokerage account to convert donated securities into cash
- An investment account with the UUA Common Endowment Fund
Of course, the devil is always in the details! The endowment trustees are also drafting a document to designate the FUSM admin team as an agent of the Trust, outlining their role in processing contributions, just like they’ve been doing for the past two years.
Thank you so much for your ongoing support! Let’s work together to reach our pledge goal of just under $3 million!
By Ron Oshima, Endowment Trustee