An Investment Committee (including at least one elder, one trustee and one member-at-large) is appointed by the Session and is responsible for the oversight of the church investments. The investment advisor for the funds is Mr. Thomas Curran, representing First Albany Corporation, a member of the New York Stock Exchange with offices located in Albany, New York.

Church records have been searched in an attempt to establish a list of those persons who have contributed or bequeathed money for the purposes of endowment. To date the following individuals or funds have been identified:

Mrs. Hannah Dennison
Mrs. Mariah Steward
Mr. & Mrs. J. N. Richards
The heirs of Mrs. Leonard S. Northrup
Lydia Ferguson Bequest
The Nelson Wood Fund
The Leroy T. Bradford Fund
Amos C. & Annie E. Benedict Trust
Arthur A. Chalmers Bequest
Ida Grenelle Bequest
Annabel Martin Bequest
Iona Cloutier Goodelle Bequet
Emily Langfield Bequest
Anna Argotsinger Bequest
Addie Argotsinger Bequest
J.P. McFarlan Bequest
Ida Olmstead Bequest
Gertrude Lingenfelter Bequest
Elizabethy Merchant Wemple Bequest
The Reverend Harry B. Erkman Trust
Donald & Helen Smith Trust
Kenneth & Patricia Williams Fund
James & Ruth Storey Trust
Roger & Amy Green Trust
Earl & Flora Smith Fund
Matching Gift
(The church and Arthur A. Chalmers)
May Swears Fund
Doris Argotsinger Fund
Harold Simmons Fund
John & Laura Bower Fund
Helen Goodelle Fund
Emma Lansing Fund
James and Isabella Connelly Fund
Nadene Linell Fund
Lorraine G. Sammons Fund
Charles G. Potter Triangle Foundation
Marilyn Smith Fund
Kenneth Kasschau Bequest
Katherine Tanner Fund
Minnie Anderson Fund
Laura Moyer Fund

If you are aware of any funds or bequests which are not included in this list, please notify the Board of Trustees so that an accurate list can be compiled. The church endowment is divided into restricted and unrestricted accounts.

The Restricted Accounts are:

THE MANSE ACCOUNT
This account was established with the proceeds of the sale of the manse. The principal cannot be used (except for the purchase of a new manse). Interest and dividends earned may be used toward the pastor's housing allowance.

THE MEMORIAL FUND
The Memorial Fund was established by the Session to provide an opportunity for members and friends of the church to make a contribution to the church in memory of a loved one. The funds are disbursed upon the recommendation of the Memorial Fund Committee with the approval of the Session. The Memorial Fund cannot be used to meet ordinary church expenses. Suggestions for suitable memorials by families of the deceased will be considered for monies received within a reasonable time period following the death.

The major use of the Memorial fund during the year was the purchase and installation of carpet in the sanctuary. Special thanks to Bob Beyer and Don McVean for their help with the sanctuary redecoration. The pews from the center to the front of the sanctuary were also repositioned to provide more leg room. (A good reason for all of our long legged friends to sit toward the front.)

Thanks to the generous memorial of Ed Tanner new hymnals were also purchased. The hymnals were given in loving memory of Ed's wife Catherine.

THE ARTHUR CHALMERS FUND
The Arthur A. Chalmers Fund was established by matching gifts by the church and Arthur A. Chalmers. The income from this fund is restricted for use outside the church building. The income is used to maintain the upkeep of the church building and grounds.

THE LAURA MOYER FUND
As long as the congregation is involved in workcamping the income from this fund will be used to support the church's workcamp effort. If the congregation's involvement in workcamping ceases, the funds are released and will become unrestricted.

UNRESTRICTED FUNDS
The unrestricted funds are those which have no restrictions on the use of principal or interest. The principal will not be used unless the congregation approves of the use of the funds. The dividends and interest will be used at the discretion of the Board of Trustees.