UPDATE EN D OWMENT FUND CAMPA IGN By Alfred Moore 11 The Compass Rose Society is actively soliciting gifts for its $10 million endowment fund. Society President Bishop Andy Doyle first presented plans for the endowment fund at the 2015 annual meeting. He told members that the Archbishop of Canterbury, the Anglican Consultative Council, and secretary general do not lack opportunities to meet the challenges of reconciliation, mission, and the need for ever-deepening spiritual growth presented by the global church. “The question remains,” said the bishop, “who will stand in the breach between the needs of the Anglican Communion and the resources to undertake its ministry? The Compass Rose Society is looking for partners to join us and meet this need squarely with the financial donations required to undergird the vision of Communion to which I firmly believe God has invited us.” Two years on, the Compass Rose Society has now launched the endowment fund, and a working group has begun fund-raising. The members of the working group are the Rev. Canon John Peterson, the Rev. William Fowler, Society treasurer Bob Biehl, Norris Battin, and chair Alfred Moore. Other Society members will be invited to join the group. The endowment fund will generate income to support the Society’s annual commitment to the Anglican Consultative Council. “As the endowment fund grows, new memberships and annual member contributions will then support mission initiatives throughout the Anglican Communion,” said Bishop Doyle. “As a former secretary general of the Anglican Communion, I know first-hand how important such an endowment is,” said the Rev. Canon John Peterson. “This endowment will allow the Anglican Communion to initiate new unbudgeted programs between ACC meetings or respond to humanitarian crises.” A trust fund established as an English charity, with the Anglican Communion Office as sole beneficiary, holds the endowment. The Compass Rose Society’s board of directors and its finance committee will oversee the endowment, and five trustees, two of who are Society members, will supervise the trust. The trust manager will be the company Churches, Charities and Local Authorities Investment Man- agement Limited (CCLA), an ethical fund manager who oversees the funds totaling £7.842M at March 31, 2018, held by the Church of England’s Central Board of Finance and other charities and local government bodies, including the Anglican Consultative Council. Welcoming the move, the Archbishop of Canterbury Justin Welby said: “I greatly appreciate the commitment that the Compass Rose Society has made to the global ministry of my office and the Anglican Communion. The Society has supported several of my predecessor’s initiatives, including the Anglican Observer to the United Nations, the Bible in the Life of the Church, and theological textbooks for seminary libraries and, during my tenure, the Continuing Indaba project. “The Society’s Endowment Fund will both offer support to ongoing Communion programmes and will allow the Communion to respond more generously to our future global initiatives. I urge all members to remember the Compass Rose Society Endowment Fund in their estate planning endeavors as well as in their annual charitable giving.” The secretary general of the Anglican Communion, The Most Revd. Josiah Idowu-Fearon, also welcomed the creation of the fund, describing it as “a great gift for our global family that will enable the Communion to support its different ministries for decades (and hopefully centuries) to come.” T H E C O M P A S S R O S E S O C I E T Y E N D O W M E N T F U N D