St. Paul’s Endowment
Endowment Board Announces Availability of Funds: Deadline Extended
2021 Endowment Funds
The Endowment Board once again seeks your input on uses for this year’s endowment funds. In 2021, the Endowment will distribute up to $10,750 from the General Fund, up to $1,000 from the Grounds Beautification Fund, and up to $750 from the Outreach Fund. If you have a great idea about how these funds should be used, you are invited to complete this form by April 30th.
The St. Paul’s Endowment was created in 2008 to provide a reliable source of income to the parish for generations to come. Income from the endowment fund is helping St. Paul’s more completely fulfill its mission. Distributions from the fund are not used for typical operating expenses, but instead are used for purposes such as:
- outreach ministries and grants,
- seed money for new ministries and special one-time projects, and
- purposes that are specifically designated by donors.
Donors interested in a particular ministry or need at St. Paul’s may designate their gift for that purpose. However, there is a minimum amount set for designated gifts, and the vestry must approve the designated gift for the named purpose. Undesignated gifts to the endowment allow the church to address future needs as they arise without restrictions.
Commitments to the endowment can take many forms, including a monetary gift, a bequest in a will, designation of the endowment as a beneficiary of a life insurance policy, and instruments such as charitable remainder trusts.
To assist those wishing to make a commitment to the endowment, the Endowment Board has developed a Model Donor Agreement. Governing documents and the Board’s policies are available upon request.
The Legacy Society includes any parishioner who has made a gift to the endowment, either actualized or planned for the future (and memorialized in a signed Donor Agreement). You can find more information in the Legacy Society Brochure.
For More Information
If you have any questions about the Endowment or the policies that govern it, please do not hesitate to contact the Church Office or Endowment Board Chair, Katie Bricio (firstname.lastname@example.org).
For more detail about the endowment’s finances please see: