This month’s article will focus on the proposed changes to the Memorial Gift Fund By-laws which will be voted on at the Annual meeting on January 29, 2023.
Change I: Existing Article VI, Section 6. Dissolution of Church
If the congregation ceases to exist, either through merger or dissolution, the disposition or transfer of the FUND shall be at the discretion of the CHURCH COUNCIL in consultation with the President (Bishop, other) of the judicatories to which this congregation belongs at such time. In the event of a merger with another congregation, provision shall, where possible, be made in the merger agreement for the continuation of the FUND, in the merged CHURCH. In such event, this plan shall continue as though it was the plan of the merged CHURCH. Consultation with the national judicatory headquarters Foundation office may be sought where desirable for continuation of trust obligations. The National Foundation may then be appointed to administer the FUND consistent with the FUNDS purposes.
Proposed Revision of Article VI, Section 6. Dissolution
If the congregation ceases to exist, either through merger or dissolution, the Memorial Gifts Fund Board of Trustees, will seek recommendations from Church Council and Church members related to the distribution of Unrestricted Funds within the religious, charitable, benevolent or educational applications permitted under Article I of the Bylaws. Granted overall responsibility for the receipt, management, and distribution of assets within the Unrestricted and Restricted Funds by Articles I, II, III, IV, V and VI of the Bylaws, the Memorial Gifts Fund Board of Trustees will have final authority and responsibility for the distribution of Unrestricted Funds consistent with Article I, Section 2 Purposes. In addition, The Memorial Gifts Fund Board of Trustees will have final authority and responsibility for the distribution of the Restricted Funds, consistent with each Restricted Fund’s guidelines, purposes and existing applications. In the case of Trusts, the Memorial Gifts Fund Board of Trustees and Church Council will generate mutually agreeable applications for Trust benefits and make recommendation to the Trustees of each Trust. The final determination on the use of Trust distributions will remain with the Trust Trustees.
The purpose of this revision is to provide consistency on the management of the Memorial Gifts Fund even in the event of the dissolution of the church. The Memorial Gifts Fund Board of Trustees in consultation with Church Council has this responsibility under the current bylaws and this revision is being proposed so that the control of the funds remains the same even in the event of the dissolution of the church.
Change II: Proposed revision to the Patterson-Plotzke Scholarship Fund- Existing language.
The purpose of the scholarship fund is to provide scholarships to promising high school graduates from the City of Camden.
New language: The purpose of the scholarship fund is to provide scholarships to promising high school graduates who are affiliated with agencies based in Camden such as LUCY (Lifting Up Camden Youth) and Urban Promise.
Reason for the change: Some excellent candidates for the scholarships who are affiliated with LUCY and Urban Promise live in the nearby town of Pennsauken. Both of these agencies are based in Camden and fulfill the intent of the Patterson-Plotzke Scholarship Fund.
Memorial Gift Board will be holding a question and answer session on these Bylaw changes on Sunday, January 22, 2023 @ 10:45 after the 9:30 service.