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Varn Philbrook, ChairTheCongregationalInvestmentTrustAn Endowment Investment Programfor Member ChurchesCIT Oversight Committee MembersMember of First Congregational Church, Yarmouth, MAJeff Dillon, Vice ChairMember of Faith Community Church, Franklin, WIPatrick Stewart, NACCC TreasurerMember of First Congregational Church, Marshalltown, IAKevin Gromley, Congregational FoundationBoard of Governors LiaisonMember of North Congregational Church, FarmingtonHills, MIRev. Tom Van Tassell, NACCC Board ofDirectors LiaisonMember of First Congregational Church, Saugatuck, MISteven RussMember of First Congregational Church, Wauwatosa, WI*Rev. Dr. Gerry Krupp, NACCC ExecutiveDirector*Cheryl Milnes, NACCC Chief FinancialOfficer*Staff (Non-Voting)National Association of Congregational Christian Churches8473 South Howell AvenueP.O. Box 288, Oak Creek, WI 53154414‐856‐1616Email: cmilnes@naccc.orgwww.naccc.orgRichard DavisMember of Plymouth Church, Brooklyn, NY

The Congregational Investment TrustThe Congregational Investment Trust (CIT) was created in 1991 as anendowment trust for donor gifts and contributions to the NationalAssociation of Congregational Christian Churches (NACCC). Several yearslater, the trust was reconstituted as a separate 501(c)(3) organization andopened to member churches as a vehicle for their endowment gifts.Currently, over 30 member churches utilize this NACCC service for theirendowment and other long‐term funds.Who oversees the management of the CIT?The CIT is overseen by a committee of experienced members from NACCCmember churches who take their fiduciary responsibility very seriously.Investment advisor selection, development and review of Investment Policy,and performance reviews with the investment advisor are some of the tasksperformed by this committee.What is the investment objective for the CIT?The Oversight Committee believes a broadly diversified portfolio of U.S.and foreign stocks and bonds with an asset mix of approximately 65%equities and 35% fixed income provides a reasonable risk/returnexpectation for longer-term endowment assets.Who is the current Investment Advisor?MERCER (US) LLC - global asset management resources and consultationservices will provide:Access to expanded OCIO capabilities. We have a powerful perspectivethat can help us thrive in an evolving investment landscape byleveraging some of Mercer’s solutions from a diverse range of third-party investment managers across a spectrum of asset classes, frompublic to private. Best of both worlds. Expansion of our investment strategy driven byspecialized knowledge and experience delivered by purpose-led teams,as well as access to a deep bench of investment talent, world-classthought leadership, and solutions.What benefits does the CIT offer?Professional management by a leading investment advisorAggregation of member-church assets to allow for lower costsResponsive servicing by NACCC staff and Community BankFiduciary oversight by a committee made up of experienced individualsfrom NACCC member churchesWhat other information is available?The current Investment Policy Statement and quarterly reviews includingperformance are available on the NACCC website: https://www.naccc.org/congregational-trust-investment-opportunity/Administration of the Congregational Investment TrustHow will we have access to our funds invested in the CIT?The trustee, Nottingham Trust, maintains the values of all accounts.Participants may withdraw up to 50% of their invested funds for receiptwithin 7 days by completing the Notice of Withdrawal Form found onthe NACCC website. The completed form can be emailed to CherylMilnes at cmilnes@naccc.org or mailed to the NACCC office. Forwithdrawal amounts greater than 50%, Nottingham Trust will perform anend-of-month valuation before distributing those funds.What is the minimum to invest and how is the account balancereported?A minimum investment of $2,500 will create a fund and an accountbalance of $1,000 must be maintained. At the end of each calendarquarter, a statement for your church’s fund will be emailed/mailed toyour church.What are the costs and how are they paid?There are two types of fees: administrative and investmentmanagement. Each fee will be prorated and reported on the quarterlystatement with the exception of the embedded mutual fund expenseratios. By keeping fees low, we increase the investment return potential.Currently, the fees are:Trustee/Administrative: <0.15%Investment Mgt/Fund Expenses: 0.25%Total Fees: <0.40%How can we participate?The church must adopt the Congregational Investment Trust AdoptionAgreement and execute the Account Authorization Form. These formscan be obtained from the NACCC office.Who can I call if I have any questions?For all administrative questions about forms or statements, as well asinvestment questions, contact Cheryl Mines, CFO, at 414-856-1616 orby email at cmilnes@naccc.org.

The Congregational Investment TrustThe Congregational Investment Trust (CIT) was created in 1991 as anendowment trust for donor gifts and contributions to the NationalAssociation of Congregational Christian Churches (NACCC). Several yearslater, the trust was reconstituted as a separate 501(c)(3) organization andopened to member churches as a vehicle for their endowment gifts.Currently, over 30 member churches utilize this NACCC service for theirendowment and other long‐term funds.Who oversees the management of the CIT?The CIT is overseen by a committee of experienced members from NACCCmember churches who take their fiduciary responsibility very seriously.Investment advisor selection, development and review of Investment Policy,and performance reviews with the investment advisor are some of the tasksperformed by this committee.What is the investment objective for the CIT?The Oversight Committee believes a broadly diversified portfolio of U.S.and foreign stocks and bonds with an asset mix of approximately 65%equities and 35% fixed income provides a reasonable risk/returnexpectation for longer-term endowment assets.Who is the current Investment Advisor?MERCER (US) LLC - global asset management resources and consultationservices will provide:Access to expanded OCIO capabilities. We have a powerful perspectivethat can help us thrive in an evolving investment landscape byleveraging some of Mercer’s solutions from a diverse range of third-party investment managers across a spectrum of asset classes, frompublic to private. Best of both worlds. Expansion of our investment strategy driven byspecialized knowledge and experience delivered by purpose-led teams,as well as access to a deep bench of investment talent, world-classthought leadership, and solutions.What benefits does the CIT offer?Professional management by a leading investment advisorAggregation of member-church assets to allow for lower costsResponsive servicing by NACCC staff and Community BankFiduciary oversight by a committee made up of experienced individualsfrom NACCC member churchesWhat other information is available?The current Investment Policy Statement and quarterly reviews includingperformance are available on the NACCC website: https://www.naccc.org/congregational-trust-investment-opportunity/Administration of the Congregational Investment TrustHow will we have access to our funds invested in the CIT?The trustee, Nottingham Trust, maintains the values of all accounts.Participants may withdraw up to 50% of their invested funds for receiptwithin 7 days by completing the Notice of Withdrawal Form found onthe NACCC website. The completed form can be emailed to CherylMilnes at cmilnes@naccc.org or mailed to the NACCC office. Forwithdrawal amounts greater than 50%, Nottingham Trust will perform anend-of-month valuation before distributing those funds.What is the minimum to invest and how is the account balancereported?A minimum investment of $2,500 will create a fund and an accountbalance of $1,000 must be maintained. At the end of each calendarquarter, a statement for your church’s fund will be emailed/mailed toyour church.What are the costs and how are they paid?There are two types of fees: administrative and investmentmanagement. Each fee will be prorated and reported on the quarterlystatement with the exception of the embedded mutual fund expenseratios. By keeping fees low, we increase the investment return potential.Currently, the fees are:Trustee/Administrative: <0.15%Investment Mgt/Fund Expenses: 0.25%Total Fees: <0.40%How can we participate?The church must adopt the Congregational Investment Trust AdoptionAgreement and execute the Account Authorization Form. These formscan be obtained from the NACCC office.Who can I call if I have any questions?For all administrative questions about forms or statements, as well asinvestment questions, contact Cheryl Mines, CFO, at 414-856-1616 orby email at cmilnes@naccc.org.

Varn Philbrook, ChairTheCongregationalInvestmentTrustAn Endowment Investment Programfor Member ChurchesCIT Oversight Committee MembersMember of First Congregational Church, Yarmouth, MAJeff Dillon, Vice ChairMember of Faith Community Church, Franklin, WIPatrick Stewart, NACCC TreasurerMember of First Congregational Church, Marshalltown, IAKevin Gromley, Congregational FoundationBoard of Governors LiaisonMember of North Congregational Church, FarmingtonHills, MIRev. Tom Van Tassell, NACCC Board ofDirectors LiaisonMember of First Congregational Church, Saugatuck, MISteven RussMember of First Congregational Church, Wauwatosa, WI*Rev. Dr. Gerry Krupp, NACCC ExecutiveDirector*Cheryl Milnes, NACCC Chief FinancialOfficer*Staff (Non-Voting)National Association of Congregational Christian Churches8473 South Howell AvenueP.O. Box 288, Oak Creek, WI 53154414‐856‐1616Email: cmilnes@naccc.orgwww.naccc.orgRichard DavisMember of Plymouth Church, Brooklyn, NY