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Endowment Activities
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Endowment Funded Activities: |
| Worship –
Mission – Christian Education – Building & Grounds – Scholarship –
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Investment Policies: |
| The Endowment has grown steadily over the years through generous
giving and responsible investing. Carefully monitored by the Finance
Committee, the Endowment is invested using a "passive"
strategy, allocating investments to lower-cost, index funds balanced
among major asset classes. Distributions from the Endowment are
calculated using a method frequently employed by foundations and
major university and hospital endowments. The distribution method
smoothes the volatility of investment returns and market performance
to provide a steadier and more predictable flow of funds for endowed
activities. The principal of the endowment will always be preserved,
and distributions may be suspended if the Endowment’s value falls
below a minimum, inflation-adjusted level.
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| Giving to the Endowment: |
Direct contributions of funds or
securities that would immediately enhance the Endowment and its
programs are welcomed. Further, some people will choose to remember
the Church in their wills through bequests to the Endowment,
providing a benefit at a future date. Some potential donors may have
a desire to make a contribution, but also have concerns for their
current financial well-being or providing for their heirs. Because
of the strong record of generosity in this country, especially to
Churches and faith-based organizations, provisions exist in our tax
code to encourage charitable giving. Through careful planning and
with the help of a trusted advisor, additional options are available
to for donors to give, benefiting the Church now, or in the future,
that can be consistent with their long-term personal financial
goals.
Please contact the Church Financial Secretary for wire or delivery instructions if you would like to contribute cash or securities to the Endowment. Bequests - Specific language called a codicil can be added to your existing will, directing part of your estate to be left to the Church endowment. Direct contributions from IRA’s - In 2008, taxpayers aged 70 1/2 or older may take required distributions tax-free directly from their IRAs to qualified charities. Planned Gifts
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