Use(s) for Trust Fund 1314
Resolution text
Resolved, that Trust Fund 1314 be divided into 1314a and 1314b, and be it further
Resolved, that Trust Fund 1314a be funded in the amount of $2,000,000 and designated for the work of Resolution A127 (2022) Resolution for Telling the Truth about The Episcopal Church's History with Indigenous Boarding Schools; and be it further
Resolved, that Trust Fund 1314b be funded by the remainder of Trust Fund 1314 and be designated for Executive Council to direct the presiding officers to conduct strategic adaptive realignment of our institutional structures through such tools as an audit of current Episcopal Church staff and Executive Council responsibilities and an analysis of our work as a granting institution; and be it further
Resolved, that any unused funds in these trust accounts by the end of the 2025-2027 triennium be distributed in equal amounts to each diocese of The Episcopal Church.
Explanation
Resolution FIN-184 from April 23, 2022 created Trust Fund 1314 with the budgetary surplus from the 2018-2021 triennium, and encouraged Executive Council to use this fund for identified initiatives and ongoing work such as: pastoral support for grief work across the Church, the work of Truth, Reckoning, and Healing, adaptive realignment of our institutional structure, an analysis of our work as a granting institution, an audit of current staff and Executive Council roles and responsibilities, unfunded General Convention resolutions, and future budget shortfalls.
Trust fund 1314 is currently valued at $5,200,000.