Board of Trustees
Meeting Minutes
All Souls Church, Unitarian
June 17, 2015
7:30 p.m.
Trustees, Officers, and Staff in Attendance:
Jenice View, President
Bruce DePuyt, First Vice President
Peg Barratt, Second Vice President (on speaker phone)
Cledwyn Jones, Trustee
Emily Koechlin, Trustee
Ken Ambrose, Trustee
Vickie Lindsey, Trustee
Kysseline Jean-Mary Chérestal, Trustee
Chuck Dulaney, Trustee
Cheryl Gray, Treasurer
Anne Bradley, Membership Secretary
Mark Matthews, Secretary
Susan Newman Moore, Associate Minister; Acting Senior Minister
Gary Penn, Acting Executive Director
Not in attendance: Rob Hardies, Senior Minister (vacation); Katie Loughary, Executive
Director (sabbatical); Erika Landberg, Moderator
Call to order: Jenice View
Chalice lighting and reading – Emily Koechlin: “Money,” a poem by Howard Simon.
Follow-up to June 13 Money Talks special meeting – Jenice View and all: Questions to be
decided include shifting, for a year, $500,000 of the endowment from the current managers to a
low-cost balanced fund such as one of the offerings from Vanguard or Fidelity. Board members
indicated support for the plan, but asked Cheryl Gray to return with an Investment Committee
recommendation on which of the two managed funds – The Investment Fund for Foundations or
the Unitarian Universalist Common Endowment Fund – to take the money from and where it
should be put. The IC has also suggested creating a separate reserve fund for building repairs or
other major expenses.
A question was raised about whether socially responsible investing vehicles should be explored.
TIFF does not make SRI a priority. UUCEF’s SRI is mostly limited to shareholder advocacy.
Jenice View, Cheryl Gray, and Brian Marshall, immediate past president, prepared several
recommendations to put All Souls’ finances on a sounder footing and keep the Board better