Endowment Q and A
The Endowment is a legal arrangement surrounding an accumulation of funds which are designated for specified purposes. This legal arrangement outlines for us the manner in which the funds will be held as well as how they will be distributed. The Endowment Fund provides a means for living donors to make a present day gift or estate bequest in support of the future ministry of the church. The interest earned on all undesignated gifts will be used according to a strict formula set in the Fund’s Policy.
The underlining purpose for this arrangement is to support the future financial needs of our church, to allow for a perpetual source of funds to secure our vision for the future. The Endowment Fund will help insure that the purpose laid out for these funds will be followed. A copy of the Endowment Fund Policy may be obtained on request.
Who will oversee the Fund and its activities?
How will the money be invested?
The investment objective of The Fund is conservation of principal for the effective maintenance of purchasing power.
What will the funds be used for?
Having in mind that overly-detailed restrictions on purposes may be impractical to administer, Prospective donors shall be encouraged to add their gifts to the Fund permitting use of the income and capital appreciation for broadly defined programs of the Church including, but not limited to, the following:
Additional categories may be established from time to time by the Committee, and accounts for more restricted purposes may be established by the Committee with the consent of the Church.
Will The Fund be used to contribute to the operating budget?
No. The Fund has been established to fund growth not everyday expenses.
What are the methods in which I can contribute to The Fund?