Trusts
The UUAC at First Parish Trust
There are many assets to be found at UUAC at First Parish. The individuals who bring a vast array of resources to the community are our primary asset — the lifeblood from which we find our strength and support. There are other, more traditional assets that may be less well known.
The UUAC at First Parish Trust is a financial asset that has supported our operations, building and property, and efforts to further Unitarian Universalism in our area since its formation in July 2005.
The Trust came into existence through a consolidation of several funds that were dedicated to the ongoing existence and mission of our community: the First Parish Alliance Building Trust and the Natick-Wellesley Community Church Trust, both dating back to the 1800s, the Fischer Memorial Trust, the Wheelwright Trust, and the Endowment Fund. The consolidated Trust is professionally managed.
How the Trust Is Governed
The challenge in consolidating the different funds was to maintain the spirit and the directives of the original funds and their donors. All of the underlying values have been tracked and accounted for since the consolidation took place, and they are broadly categorized with a purpose of funding either operations or building and maintenance — which guides the Trust when it makes its annual distribution to the Church under the Declaration of Trust.
- Trustees: five voting Trustees and two additional non-voting Trustees, appointed by the Board of Directors, all of whom are members of the Church.
- Meetings: the Trust meets quarterly to review performance and take action on other business that involves the Trust, such as the Minister’s Residence Fund, donations from members, or distributions to the Church.
- Purpose: to continue to grow the assets for the future — like our community, continuing to grow yet also there to provide support for all our endeavors in the world today.
For more information about our Trusts please contact: or .
Leave a Legacy
Gifts to the Trust are one of the ways members sustain UUAC beyond their own lifetimes. Our Planned Giving page describes the Trust alongside other ways to make a lasting gift.