Endowment

Endowment Funds Ministry of Southminster Presbyterian Church

 

go-and-bear-logo-spc-final1What does Endowment Funds mean and why is this a Ministry?

 

Endowment Fundsmeans that the principal is permanent. It is invested and allowed to grow.Only the investment return is used to fund programs. A gift to the Endowment Funds Ministry will continue supporting Southminster Church for many generations.

 

This is a Ministry because the available funds will be used to support new programs and outreach rather than simply augment normal annual operating expenses.The generous contributions from members and friends over the next several years will have a substantial and positive effect on the future work of Southminster Church.

 

Unrestricted gifts usually are most effective as joining with other gifts may strengthen them and give a stronger and more lasting effect to projects. With Session approval restricted gifts, consistent with the policies of Southminster Church and its commitment to further the work of Jesus Christ may also be accepted.

 

How can I contribute?

 

Outright gifts of any amount may be made in the memory of loved ones, in celebration of a special event or at any time in gratitude for God’s gifts.

 

Your will or trust can enable you to share your resources beyond your lifetime by remembering Southminster with a gift to take place after your death.

 

Beneficiarv designations made on retirement accounts or life insurance can also benefit Southminster after your death.

 

Lifetime Annuities.You or another named beneficiary may receive an annuity for life, or for a specified period of years, after which the remainder of the principal reverts to the Endowment Funds Ministry.

 

Note that donated assets which have accumulated value over time may offer significant charitable deductions without the payment of capital gain taxes.

 

How will the Endowment Funds be managed?

 

All Endowment Funds will be managed through the Presbyterian Church (USA) Foundation or other professional investment advisor.

 

The primary investment goal will be reasonable return consistent with preservation of inflation-adjusted capital.

 

Annual investment return of the Endowment Funds, will be used to support new rmsslons, programs and capital improvement projects of the Church

 

If I give to the Endowment Funds, should I still make an annual commitment?

 

Yes! Gifts to the Endowment Funds Ministry will not support Southminster’s normal operating expenses. We will still need to support the day-to-day work of the Church with our time, talents and offerings.

 

Jesus said

“You did not choose me, but I chose you and appointed you to go and bear fruit—fruit that will last ” John 15:16

 

Some consider their church as an additional dependent when deciding how to divide their estate, but whether you give half or a quarter or tithe a tenth of your estate, charity and mission respond to God’s gift of faith.

 

The Endowment Funds Ministry offers members and friends of Southminster an opportunity to practice faithful stewardship of accumulated resources, an opportunity to bear fruit that will last.

 

Gifts to the Endowment Funds Ministry in one’s lifetime will assist the ministry of Southminster, proclaiming the Good News of the Gospel for many lifetimes to come.

 

More detailed information is available to answer your questions and supply additional materials.Contact a member of the Endowment Funds Ministry Committee:

 

Ron Birchall, Moderator

Craig Allen

Tom Frey

Steve Johnson

Chris Kozich

Susie Salins

Rev. Wendy Boden, Pastor

Kathy Davidson, Clerk of Session

 

Gifts and bequests may be made to: Endowment Funds Ministry, Southminster Presbyterian Church, 680 S. Park Boulevard Glen Ellyn. IL 60137 Phone: (630) 469 9149 Fax: (630) 469 7923 Email: sminster@ameritech.net