We wanted to share a quick update on The First Unitarian Society of Milwaukee Endowment Fund Trust (FUSM Endowment Fund Trust). On August 15, our Endowment Fund Trustees—Dave Becker, Ron Oshima, and Betty Schroeder—met with Director of Administration Jean Johnson to work out the day-to-day details of managing the trust.
Here’s what’s next:
State Registration – We’ve filed the application to register The FUSM Endowment Fund Trust with the Wisconsin Department of Financial Institutions. We’ll let you know once this is officially done.
Setting Up Financial Accounts – The trustees are collaborating with FUSM’s admin team to set up separate financial accounts for the Endowment Trust. These will include:
- A checking account
- A brokerage account to convert donated securities into cash
- An investment account with the UUA Common Endowment Fund
Since we launched the Forge Our Future Campaign in 2022, the journey involved many folks along the way. We’re incredibly grateful for everyone’s support and patience.
The FUSM Endowment Fund Trust is designed to be a principle-protected fund, so it will continue to provide financial stability for FUSM for years to come.
Thank you for your ongoing contributions and for sticking with us through this process. If you haven’t already, please continue to fulfill your pledges or contribute however you can.
Ron Oshima, Endowment Fund Trustee