Trustees

The Episcopal Church in Minnesota Trustees oversee the financial assets, including real estate, investments, loan funds, and planned giving. They were incorporated in 1885.
(* indicates second term)

President

The Rt. Rev. Brian N. Prior,
brian.p@episcopalmn.org

Meeting Summaries

Executive Summary of December 10, 2011 meeting

The Trustees:

• Elected officers by unanimous vote; Bishop Prior presided
• Reviewed the goals set for 2011
• Approved action that the submission of vestry minutes weren’t necessary when a PIF withdraw request bore an authorized signature. A PIF withdrawal other than a quarterly withdrawal would require two authorized signers effective Januar 2012.
• Considered the status of mission properties.
• Approved action to authorize the following to sign documents on its behalf: Karen Olson, Rev. Tim Hodapp, Rt. Rev. Brian Prior, Chris Winter, and Paul Stephenson
• Approved a resolution thanking Harry Haynesworth for his long and distinguished service as a Trustee.

Executive Summary of September 10, 2011 meeting

The Trustees:

• Met with Susan Vick from the Church Investment Group
• Approved a resolution regarding the sale of the former St. John’s, Hutchinson property
• Approved a resolution on behalf of St. Bartholomew’s, Bemidji
• Approved the 2012 budget subject to revision to include funds from 2011 that are held on reserve for mission properties
• Approved the 2010 audited financial statements
• Approved hiring an outside consulting firm to do an assessment on 1730 Clifton Place for the purpose of reducing operating expenses

Executive Summary of June 4, 2011 meeting

The Trustees:

• Reviewed and discussed the Trustees 2011 Goals and status of Cass Lake Episcopal Camp
• Approved a resolution regarding the distribution of a portion of the Holy Cross, Dundas sale proceeds.
• Reviewed a draft of the new PIF brochure

Executive Summary of March 12, 2011, meeting

The Trustees:

• Unanimously approved the Consent Agenda which included the extension of the contract for deed with Household of Faith
• Reviewed and discussed the Trustees 2011 Goals and the promotional materials and fee structure for the Pooled Investment Fund
• Approved the 2011 Disbursement Approval Authority list
• Reviewed the year-to-date financial reports

Executive Summary of January 11, 2011, meeting

The Trustees:

• Heard reports from Bishop Prior, Diocesan Council, and the Investment and Real Estate Committees
• Elected new officers for 2011
• Confirmed 2011 committee chairs and membership
• Confirmed meeting dates for the remainder of 2011
• Reviewed and discussed the Real Estate Committee Spreadsheet that has been prepared by Rich Simons
• Approved the 2011 Budget with the understanding that it is subject to future adjustment
• Authorized the Real Estate/Loan Committee to review proposal for new outside signage for 1730 Clifton Place and proceed as it determines advisable
• Formally approved the sale of the White Earth Guild Hall for the record