The Endowment Fund is created and exists solely for charitable purposes of the Church and for insuring the long-term financial security of the Church. Its principal objectives are two-fold: 1: to increase parishioner awareness of the long-term financial needs of our church, and 2) to lay the groundwork to sustain our church in perpetuity.
The Endowment Fund is a restricted fund and will not be used for regular budget activity.
As you make estate plans, designing it involves two decisions:
Who do you wish to receive your assets?
What are the best means of distributing your assets?
In deciding the best estate planning arrangements to implementing the transfer of your assets to your chosen beneficiaries, you should keep in mind the needs of the beneficiaries, the protection of your assets and the impact of estate taxes. In addition to taking care of the needs of your family, you may wish to include your church as a beneficiary.
It is important to make all potential stakeholders in your estate aware of your desires for distribution of your assets. Stakeholders would include potential beneficiaries, such as family members, as well as legal and financial advisoris. If you wish to include your church in your estate plans, it should be made very clear to all stakeholders.