- 1). Discuss within the church the advantages and disadvantages of an endowment fund. Let both those who agree and those who disagree speak freely and frankly about their concerns.
- 2). Direct the governing body of the church to pass a resolution to start an endowment fund if an acceptable professional agency is found to work with the church.
- 3). Create a committee to interview agents from endowment fund companies. Analyze at least three companies and determine which policies and personnel seem the best for the church.
- 4). Pass a resolution by the governing body to commit the church to working with the recommended company. Review and sign any necessary paperwork to create a contractual relationship with the company and to create the endowment fund.
- 5). Revise the nature of the search committee to become an oversight committee that works with the professional company and the fund. It is important that the church leadership be a part of the committee and be answerable to the church.
- 6). Promote funding of the endowment fund throughout the church body. Provide literature to answer questions and give directions to the members as to how they can invest in the fund.
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