The Congregational Investment Trust (CIT) is a non-profit 501(c)(3) entity established by the NACCC to invest and manage the funds of the NACCC and the Congregational Foundation. All NACCC member churches can also take advantage of this opportunity.
Advantage to Member Churches: low fund management fees, professional management by Mercer Investments (US) LLC, oversight by the CIT Oversight Committee and the NACCC Board of Directors. (You also help all participating churches by growing our total assets and thereby lowering fees for all.)
Target Assets: the CIT is designed for long-term assets and is an excellent option for endowments held by member churches.
Access to Funds: churches that participate have access to funds either by written request or by setting up regular distributions. Churches may have multiple accounts. Distributions are by check or wire transfer and are filled within 5 business days of request.
Requirements to Participate:
- Member in good standing of the NACCC.
- Opening balance of $2,500 for each account, minimum balance of $1,000 thereafter.
- Complete the Congregational Investment Trust Adoption Agreement and execute the Account Authorization Form.
How to Join: Contact the NACCC CFO, Cheryl Milnes, to set up your account(s).