INVESTMENT OPPORTUNITY
Congregational Investment Trust
Click to read the CIT Brochure
The Congregational Investment Trust (CIT) is a non-profit 501(c)3 organization established as an endowment investment option for member churches. Because endowment gifts are long-term, these funds are invested to preserve the purchasing power of gifts made using a diversified portfolio of stocks, bonds, and alternative investments. The CIT’s target asset allocation is 65% stocks and 35% fixed income. Because principal values will fluctuate, the CIT is not suitable as a short-term investment vehicle. However, it is ideally suited as a long-term investment vehicle for church endowments.
Churches that participate in the CIT have access to funds either by written request or by setting up regular distributions. Churches can have a separate account balance for each fund it wishes to establish. An opening balance of $2500 is required for each account with a minimum balance of $1000 thereafter. Quarterly statements are issued to each church reporting their funds’ beginning balances, additions or withdrawals, net earnings and ending balances. All fees and expenses are charged against the aggregate earnings of the CIT and are therefore shared proportionately by all accounts.
These funds are managed by Vanguard Institutional Advisory Services. By becoming part of an investment pool with other churches you increase your investment return potential as well as the potential to lower investment fees. The CIT is overseen by the National Association’s and the Congregational Foundation’s Oversight Committee.
To participate in the Congregational Investment Trust a church must adopt the Congregational Investment Trust Adoption Agreement and execute the Account Authorization Form. Direct questions to Dan Drea, CFO of the National Association of Congregational Christian Churches at 414-856-1616.
Churches that participate in the CIT have access to funds either by written request or by setting up regular distributions. Churches can have a separate account balance for each fund it wishes to establish. An opening balance of $2500 is required for each account with a minimum balance of $1000 thereafter. Quarterly statements are issued to each church reporting their funds’ beginning balances, additions or withdrawals, net earnings and ending balances. All fees and expenses are charged against the aggregate earnings of the CIT and are therefore shared proportionately by all accounts.
These funds are managed by Vanguard Institutional Advisory Services. By becoming part of an investment pool with other churches you increase your investment return potential as well as the potential to lower investment fees. The CIT is overseen by the National Association’s and the Congregational Foundation’s Oversight Committee.
To participate in the Congregational Investment Trust a church must adopt the Congregational Investment Trust Adoption Agreement and execute the Account Authorization Form. Direct questions to Dan Drea, CFO of the National Association of Congregational Christian Churches at 414-856-1616.
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Vanguard Performance Results
2021
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2020
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2019
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Congregational Investment Trust Oversight Committee
Jeff Dillon, Chair
NACCC Treasurer
Varn Philbrook, Vice Chair
Richard Davis
Congregational Foundation Board of Governors Liaison
Rev. Dr. Martin Hall
Board of Directors Liaison
Steve Russ
James Walsh
Rev. Dr. Michael Chittum
Staff Liaison and Executive Director
Dan Drea
Staff Support and NACCC Chief Financial Officer
NACCC Treasurer
Varn Philbrook, Vice Chair
Richard Davis
Congregational Foundation Board of Governors Liaison
Rev. Dr. Martin Hall
Board of Directors Liaison
Steve Russ
James Walsh
Rev. Dr. Michael Chittum
Staff Liaison and Executive Director
Dan Drea
Staff Support and NACCC Chief Financial Officer
