Who Can Open an Account?

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.

How Do I Open an Account?

Any organization establishing an account in the UCF common investment funds should provide documentation, which clearly indicates that an investment is authorized and that the individuals making the investment are authorized to make such investment.

There are two pieces of documentation needed for this purpose:

1. A resolution by the church or an empowered committee authorizing the investment.
2. A resolution authorizing two or more people to effect the establishment of an account.

Both of these resolutions can be combined into one. A notary public should notarize this resolution. It is important that the individuals named in the resolution are the ones that sign the Receipt & Agreement form when it is executed.

The bylaws of some organizations grant authority to certain officers or committees to make investments on behalf of the organization. If that is the case, a copy of the bylaws will suffice in lieu of the resolution. If the bylaws give authority to certain individuals, a list of officers and/or committees of the organization (certified by the church secretary or clerk) should be sent.