Petition 81577

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Board of Trustees and Permanent Fund (81577-FA-NonDis-$)

Report No. 15
INCOME FROM THE BOARD OF TRUSTEES AND THE PERMANENT FUND


    The General Council on Finance and Administration (GCFA), by action of the 1972 General Conference, serves as the Board of Trustees of The United Methodist Church, as the successor to its predecessor bodies. In this capacity, the General Council on Finance and Administration provides for the management of assets that have been given to The United Methodist Church as a part of the Permanent Fund (ΒΆ 807.3), or are managed by the Board of Trustees for the benefit of specified ministries.  
  
    GCFA maintains records of all distributable income received in the name of both the Board of Trustees and the Permanent Fund.  The Permanent Fund provides funding for the World Service Fund from its distributable income as affirmed by successive General Conferences.  In the four-year period of 2004 to 2007, the Permanent Fund has provided a total of $1,431,725 to the World Service Fund.   For generations, this Fund has helped underwrite the Mission of The United Methodist Church.
  
   The General Council on Finance and Administration recommends that the Permanent Fund distributable income be made a part of the World Service Fund receipts annually for distribution during the 2009 – 2012 quadrennium.