What is the United Church Foundation?

The United Church Foundation, Inc. ("Foundation") is a Connecticut non-profit corporation affiliated with and identified through its common religious faith with the United Church of Christ ("UCC"). The Foundation was originally organized to administer the Pilgrim Memorial Fund for the benefit of The Annuity Fund - United Church of Christ. The Foundation's charter also authorizes it to receive and administer cash and property transferred to it by UCC Entities (as hereinafter defined) and commingled for the collective investment and reinvestment thereof.

Only a UCC Entity is eligible to participate in one of the Foundation's Funds. A UCC Entity is any tax exempt congregation, association, conference, instrumentality or other institution affiliated with the United Church of Christ, including but not limited to the Foundation, or any trust, gift annuity fund or pooled income fund established in whole or in part for the benefit of a UCC-related entity.

The Foundation manages separate investment Funds. Each Fund has stated investment goals and objectives and is separately accounted for and segregated. Presently, there are nine established Funds in which a UCC Entity may participate, designated as follows: UCF Cash & Equivalent Fund, UCF Fixed-Income Fund, UCF Domestic Core Equity Fund, UCF Small Cap Equity Fund, UCF International Equity Fund, UCF Equity Fund, UCF Aggressive Balanced Fund, UCF Moderate Balanced Fund, and UCF Conservative Balanced Fund. In accordance with the Philanthropy Protection Act of 1995, the Foundation and these Funds are not subject to registration, regulation, or reporting under the Investment Company Act of 1940, the Securities Act of 1933, the Investment Advisers Act of 1940, or State securities laws. Therefore, participants will not be afforded the protections of those provisions.

No person has been authorized to give any information or to make any representations in connection with participation in any of the Foundation's Funds other than those contained in this Information Statement, and if given or made, such information or representations must not be relied upon as having been made or authorized by the Foundation.

The Foundation receives and administers cash and property transferred to it by UCC Entities. These assets are commingled for collective investment and reinvestment. Only a UCC Entity is eligible to participate in one of the Foundation's Funds. A UCC Entity is any tax-exempt congregation, association, conference, instrumentality or other institution affiliated with the United Church of Christ, or any trust, gift annuity fund or pooled income fund established for the benefit of a UCC-related entity.