Contributions in fulfillment of pledges were much below normal for December. This may be because of the increase of the standard tax deduction that will impact timing of contributions for many people, which may mean our January contributions will be larger than usual.

We may qualify for a second, forgivable, Paycheck Protection Program loan. The rules have not been finalized, and they will be more restrictive than the first round of PPP, so we will just have to wait and see. Even if we do not qualify for a new loan, it appears we will very likely be close to meeting the final annual budget.

As of December 31, 2020, the Endowment Fund’s Vanguard accounts had a balance of $417,207.22, with $23,827.82 available for future grants. These grants may not be used for regular budget items, only special expenses, such as the cost of relocating a new settled minister.

On December 31, the Building Fund had total assets of $414,815.86, of which $12,686.87 was accumulated income. Accumulated Building Fund income is available to help balance the annual budget.

Harry M. Corrigan, UUFH Treasurer