an Endowment Fund?
An Endowment Fund is a collection of assets
given by individuals and managed by the church
in perpetuity and invested to generate income to
be available to support designated purposes. An
Endowment Fund exists to enable individuals to
support the Church for the long term either
through gifts made during their life or at the
end of their life.
does Bon Air Presbyterian Church have an
The Endowment Fund is established to enable
members and friends of the congregation to
express their gratitude to God, their
appreciation of the saints who established and
built the church, and their desire to leave a
legacy to future generations that will carry on
the mission of the church. A gift upon death is
a final opportunity for stewardship and personal
fulfillment, and a permanent declaration of
one’s values to future generations.
does the Endowment Fund Grow?
The Endowment Fund was established in 2005.
Through receipt of generous gifts and effective
investments, the value of the Fund has grown to
more than $115,000 in 2013.
Annually, the Endowment Fund will make available
5% of the Fund’s average value for use in
mission needs as directed by the church’s
leadership, the Session.
It is anticipated that the Endowment Fund will
continue to grow through additional gifts,
bequests, and investments.
are the Endowment Fund Assets Used?
Annually resources are provided by the Endowment
Fund to support new or expanded ministries over
and above the budgeted expenses of the church,
in the following areas:
• Outreach ministries and
• Building and capital improvements
• New or special church programs
2016 Grant Application Form.
Can We Participate?
Consider making a gift to the Church’s Endowment
Fund. Gifts can be made at any time during the
year, but should be in addition to one’s annual
stewardship commitments to the church. The
Endowment Fund welcomes gifts of all sizes.
Gifts may be made in a variety of forms, many of
which can provide benefits to the donors:
• Cash or
check – simple to give and receive, usually tax
• Pledge – make a statement of intent now for
payment at a future date.
• Stock – giving shares of appreciated stock or
mutual funds can avoid capital gains taxes.
• Real estate – giving appreciated real estate
can avoid capital gains and other transfer
• Bequest – name the Endowment Fund for a set
amount or a percentage in one’s will. Suggested
bequest language is available from the Endowment
• Life insurance – make the Endowment Fund the
beneficiary of an existing or new policy.
• Retirement Plan – leave the Endowment Fund all
or a portion of a qualified retirement plan
(e.g. IRA, Roth IRA, 401(k), etc.). Consider for
possible tax advantages to your estate or heirs.
• POD accounts – name the Endowment Fund the
payable upon death beneficiary for money market,
or other bank accounts for possible tax
advantages to one’s estate.
This information does not constitute tax
advice. Please consult your financial advisor on
tax benefits of any charitable gift.
Manages the Endowment Fund?
The Endowment Fund and its investments are
managed by a committee of eight congregation
members appointed by the Session to serve four
year terms. The Pastor serves as an ex-officio
member of the committee. Current members of the
Paul Beigbeder, Treasurer
Irene Caperton, Secretary
Louise Ensley, Grants Coordinator
For more information on making a gift, or for
confidential assistance with participation,
please contact any member of the committee, or
Updated: January 2015
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