Giving to the Endowment Fund
We are richly blessed. God has
given us each many gifts including the wonders of the natural world, the blessings
of friends and family, the talents and abilities we possess, and our financial
and material resources. All are gifts from God.
Christian stewardship involves the faithful management of all God's gifts. As part of that management we are called by God to support his ministry generously and without hesitation.
Many people give regularly to support
the ongoing activities of the congregation. In addition to this important support,
members may choose to share their bountiful resources with others either as
a gift while living or as a planned distribution of their estate when they are
at last called home to Christ.
We encourage you to support the
fund to the greatest extent you are able.
Why the St Paul's Endowment Fund?
The St Paul's Episcopal Church Endowment
Fund is dedicated to the advancement of Christ's gospel to all His children
by providing for existing ministries, extending the church's ministry beyond
these programs, and by providing resources to meet future needs.
What is the Fund?
It is a vehicle designed to receive
gifts and appreciated resources from members, their families and friends. It
is a perpetual fund from which only the earnings are distributed for the faithful
management of one of God's gifts to humankind: our financial gifts. The
Fund is separate and distinct from day to day operating funds of the church
which are provided by members annual pledges and regular weekly offerings.
How is the Fund administered?
The Endowment Fund Committee is
made up of the church treasurer and six other church members with the rector
as advisor. The committee is responsible for making policy recommendations
to the Vestry and implementing these policies in relation to the professional
management teams and disbursement of the gifts as well as counseling and communicating
with members.
How is the Fund administered?
The Endowment Fund Committee is
made up of the church treasurer and six other church members with the rector
as advisor. The committee is responsible for making policy recommendations
to the Vestry and implementing these policies in relation to the professional
management teams and disbursement of the gifts as well as counseling and communicating
with members.
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How will the Fund be managed?
The Endowment Fund is professionally
managed and provides income to the church based upon our Fund's market
value. The income will provide support for St. Paul's Church's target
ministries or an individualized plan.
When will income be dispersed?
The fund is intended to exist in
perpetuity, which means the principal investment will not be diminished by withdrawals.
A portion of the income generated will be distributed on an annual basis at
the discretion of the Fund Committee. The more our fund grows, the larger the
income will be that it provides.
How can gifts be made to the Fund?
Outright Gifts Cash, stocks, bonds, real estate, or assignment of life insurance policies
remainder interest
Naming the Fund as a remainder interest in a retirement plan, IRA, Keogh account,
savings account, C.D., life estate (home), charitable life income remainder/trust/annuity,
or a revocable living trust
Gifts by Bequest (the giving
of assets through a will
Specific/primary bequests of a dollar amount, a percentage of your estate,
or a specific piece of property
Residuary bequests, which designate the Fund to receive the remainder of your
estate after all specific bequests have been made
Contingent bequests, which designate the Fund as the beneficiary if other
beneficiaries do not survive
Individualized Plans
Gifts can be given anonymously
or in memory or honor of someone. Except where specifically instructed by the
donor, income from the gifts will be used toward St. Paul's Church's
target ministries.
What are the Fund's Target Ministries?
It is currently supporting the following:
Operating Fund, Music, Youth Programs, Property & Building, and the Chapel Maintenance Fund. Other programs also can be established in the future.
How do I get more information?
Call the Church Office at (925)934-2324 or e-mail the Church Office
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