Established in 1991, the Palisades Presbyterian Church Endowment Fund is designed to sustain, expand and enrich the total mission of the church. Earnings from the fund are used by the Session for mission, Christian education and capital building/non-budgeted maintenance projects.
Endowment funds are not intended to support the day-to-day activities of the church. The donor may designate any appropriate use of their gift. Currently the endowment fund consists of three sub-accounts – Church Endowment Fund, Children’s Fund and Casa de la Esperanza Fund.
Contributions of all sizes may be added through present gifts, funds designated in wills and trusts, and memorial funds. All contributions are invested and remain intact. Only endowment fund earnings are used, unless the donor specifies otherwise.
When Shall I Give?
Many occasions in our lives cause us to reflect with gratitude upon the blessings that God has given us.
- Gifts can be made to honor birthdays, anniversaries, major accomplishments, loved ones or just a bountiful year.
- Deferred gifts may be designated for eventual endowment while the donor receives income for life.
- Gifts may also be made through a will or living trust. A will or trust is one way to perpetuate your Christian influence and protect your heirs – It truly is the gift that keeps on giving.
Since the federal government encourages gifts to the church through tax laws, donors can benefit from substantial reductions in income and estate taxes.
What Shall I Give?
Gifts to the endowment fund can take many forms:
Securities – Appreciated stocks that have been held for the long-term capital gain period are generally deductible for full market value.
Real Estate – The fair market value of appreciated real estate is generally deductible in full.
Insurance Policies – The endowment fund can be designated as the beneficiary of a life insurance policy.
Deferred Gifts – Gifts may be made in the form of a charitable trust from which the donor receives income for life, with the property passing to the endowment fund upon the donor’s death.
Bequests – Gifts made be left to the endowment fund in a will or trust.
How Much Shall I Give?
How much you chose to give is a matter between you and God. Some may tithe their estate, leaving ten percent to the church’s endowment fund. Others endow their pledge, giving an amount at least sufficient to produce an annual income equal to their annual pledge.
Who Manages the Fund?
The Palisades Presbyterian Church Endowment Fund committee, under the direction of the Session, is charged with management oversight of the fund. The funds are presently invested in New Covenant Mutual Funds, which are invested according to the Presbyterian Church (U.S.A.) Foundation guidelines.