Assuring The Future
St. Giles Endowment Fund
The Session of St.Giles Presbyterian Church, recognizing God the Creator as the Sustainer of Life and acknowledging gratitude for all God's benefits to us, established the St.Giles Presbyterian Church Endowment Fund in December 2002. Gifts made to the Fund have the cause of Christ and his Church and his Church many times over.
Why a St. Giles Endowment Fund?
The Fund's purpose is to provide the members and friends of the congregation with the opportunity to practice faithful stewardship of their resources by assuring the ministries of our church in perpetuity. Gifts will be used to satisfy financial needs beyond the church's normal operating budget.
How Will the Fund Be Managed?
The Fund is governed by the Endowment Fund Committee which will manage the assets to produce reasonable income while preserving the Fund's principal value. It will also monitor investment performance. The committee is composed of officers, members, and the Senior Pastor of the church, and is accountable to the Session.
How Can You Participate?
The Fund accepts unrestricted gifts of all sizes, large and small, which can be made in the form of cash, securities, the value of real estate or other assets. Unrestricted gifts are gifts which are free of any designation or restriction. Some types of gifts are:
Outright gifts are given in memory of or to honor certain persons, to celebrate special events, or simply in thanksgiving for God's goodness. Life Insurance Policies, whether existing or new, partial or in full, may be donated. Bequests by Will. Life Income Gifts. One example of these is a charitable gift annuity through which a named beneficiary receives a lifetime income from a trust, with the remaining principal reverting to the St. Giles Endowment Fund at the beneficiary's death.
Benefits of Giving
The reward of giving to the Endowment Fund is knowing your gift will hellp St. Giles be faithful to the mission of Jesus Christ for generations to come.
Also, counsel may advise you that your gift will lead to tax benefits.
How Will Earnings on the Fund's Assets Be Used?
The Earnings will be allocated as follows:
40% for non-budgeted mission causes
20% for payments against the principal of current outstanding debt
20% to meet unusual and unbudgeted needs regarding church property or grounds
20% to add to the principal of the Fund
Please note that gifts to the Endowment Fund are not intended to replace your annual pledge to the church.