SPECIAL FUNDS MANAGEMENT COMMITTEE
The Session of Brevard-Davidson River Presbyterian Church (the church) has appointed and empowered the Special Funds Management Committee (the SFMC), the successor to the Endowment Committee, to administer and manage those funds and trusts of the church assigned to the SFMC by the Session. This administration and management shall be in accordance with Session policies (including the church’s gift policy), and the terms of each fund’s authorizing or governing documents. Herein, the term "fund" is used to mean "trust" or "fund" as appropriate.
This is a Sub-Committee of the Finance Ministry Team:
Membership:
Staff contact shall be the Business Administrator.
The SFMC shall attempt to keep the number of its members at six, one of whom acts as chairperson and at least two of whom have at least two years of SFMC experience. Members are, jointly, trustees of funds assigned to the SFMC. Each member must be an active member of the church and must be approved by the Session. Continuity within the SFMC is important. The term of each member must be approved by the Session, can be extended or renewed by the Session, and should be planned by the chairperson such that no more than two terms expire at the end of any calendar year. The chairperson should present to the Session ahead of expiring terms, the names and terms of proposed members to fill these vacancies. 
