Here’s the latest news about the FUSM Endowment Fund Trust.
State Registration
The FUSM Endowment Fund Trust is now officially registered as a nonprofit with the Wisconsin Department of Financial Institutions.
Financial Setup
The trustees have been working hard to get everything in place. This includes:
- Establishing separate financial accounts
- Defining workflows and procedures
- Creating a financial chart of accounts with our new accounting firm to ensure the endowment is managed as a distinct legal entity from FUSM.
After collaborating with church staff, we’re on track to have everything fully operational by January 1, 2025.
We’re excited to share this progress and keep you updated! As a reminder, your pledges make all the difference. So far, we have collected $1.9 million and are steadily moving towards our goal of nearly $3 million. Thank you for your continued support.
Ron Oshima , Endowment Trustee