Minnesota Council of Churches Announces Merger
The Minnesota Council of Churches (MCC) announces a merger with the Minnesota Council of Churches Foundation (MCCF). MCCF will merge into Minnesota Council of Churches. The Foundation was formed in 1950 to oversee endowment funds donated in support of the ministry of the Council.
The merger process that began in 2018 became effective on March 31, 2021. This merger offers MCC the opportunity to achieve more effective business operations and streamlines fundraising efforts.
Under the terms of the agreement, MCC has established a free-standing Endowment Committee to manage the Foundation’s endowment funds to carry out the purposes of MCC. The Endowment Committee will make recommendations annually to MCC’s Board of Directors regarding fund management. Mr. Richard Gunderson, longtime member and former president of MCCF, will chair the committee. The committee held its first meeting in June.
Rev. Dr. Curtiss DeYoung, CEO of MCC, said “I want to thank the board members of the MN Council of Churches Foundation for their faithful work through the years of stewarding this endowed investment in ecumenical ministry in Minnesota.”
Rev. Mahle, Board President of the Minnesota Council of Churches Foundation, said “MCCF is pleased with the completion of the merger process. We are delighted with the establishment of the Endowment Committee within the MCC structure to care for the ongoing investments of endowed funds to support the important ministry of the Minnesota Council of Churches."