The Endowment Fund for the Congregational Church of the Messiah was established by vote of the members to facilitate donor support for the long-term and special needs of the Church at the Annual Meeting of the congregation, January 18, 1998.
Gifts to the Endowment Fund may be designated in memory or honor of a loved one, in response to God's goodness, as a witness to one's faith, as a financial boost to the mission and ministry of the Church.
Gifts designated for the Endowment Fund are reserved for that Fund only and cannot be used for any other purpose.
The simplest manner of giving is by making a direct cash gift to the Church Endowment Fund.
You may also include your intention in your Will, by leaving an amount of money, or alternatively, a percentage of your estate to the Church.
The simple addition of a 'codicil' to your current Will can enable you to make a bequest to the Endowment Fund of the Congregational Church of the Messiah.
Other ways of making a gift to the Church Endowment Fund include a gift annuity, which gives the donor an immediate tax deduction for the gift and provides the donor or loved one with a lifetime income. The principle amount of the gift devolves to the Church on the death of the donor.
A gift may be cash or any asset which can be converted to cash or that produces income.
A gift of property, such as real estate or securities (including mutual funds, stocks, and bonds) may allow the donor to make a larger gift than if it were cash because of tax considerations .
Works of art or collectibles may be donated to the Endowment Fund. If the items have increased in value since the donor obtained them, there may be tax advantages to the donor.
Life insurance policies may indicate the Endowment Fund of the church as the beneficiary while retaining life use of the policy benefits to the donor and/or the donor's next of kin.
The Bylaw establishing the Endowment Fund calls for an Endowment Committee consisting of five members of the Church appointed by the Board of Directors.
This committee has the responsibility for investing the moneys in the Endowment Fund.
The income from the fund will be made available to the Board of Directors to use initially for building maintenance. Only the income from the Endowment Fund will be used so the Fund can continue to grow and be available for future special needs of the Church.
The Endowment Committee will report to the Directors and the church membership quarterly or on special call as business warrants. Reports on the performance of the Endowment Fund are available to any donor upon request.
Last updated on September 21, 2006
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