Endowment Program

"Cultivates faithful generosity that extends Christ's mission and stewardship opportunities to future generations."

"We can do no great things.

Only small things with great love."

                            Mother Theresa

What Is an Endowment Fund ... and Why Do We Need It?

Our Endowment invites members and friends of this congregation to practice faithful stewardship by strengthening the ministries of our congregation and the larger church in perpetuity. A gift to the Endowment Fund in your lifetime may bear fruit to glorify Jesus Christ for many lifetimes over.

Our Endowment will expand Christ's mission and enhance our campus through gifts above and beyond the normal operating budget of the church. Endowment funds may support benevolent or educational purposes, plus any unforeseen emergencies of the Church.

Funds Within the Endowment Program

The General Fund

The principal for this fund will be invested in perpetuity. The fund will generally distribute five percent each year equally to 1) Programs, Missions & Benevolence Fund and 2) Capital Facilities Fund.

Designated Funds

You can designate how you want our gift used, subject to Session approval. However, it is best to keep designated funds with a broad scope and purpose.  Presently there is a Memorial Fund and also the Herrin-Johnson Fund, which supports youth activities.

The Programs, Mission & Benevolence Funds

The principal and income of the fund will be available for special programs, to extend missions and extraordinary benevolence beyond the normal church operating budget.

The Capital Facilities Fund

This fund provides for repairs, maintenance, improvements, and expansion of the church's facilities and properties that are not funded by the annual operating budget of the church. Also, it may provide funds for the acquisition of buildings or property.

How Will the Endowment Funds Be Managed?

The Endowment Committee will establish investment goals to produce reasonable income while preserving principal value and protecting principal against inflation. The Committee will monitor investment performance for our Church and will report to the Session and the Congregation on both income and distributions.

How Can You Participate?

The best gift is one that is appropriate to your interests and circumstances. Gifts of all sizes are important. Consider cash, securities, real estate, or other assets. These gifts may provide donor benefits such as income tax deductions, estate tax deductions, and avoidance of capital gains taxes.

Your Strategy Your Benefits

Give a gift for HBPC's future that costs you nothing now.
 

Include a bequest to HBPC in your will (cash, specific property, or a share of the estate). No cost to you today.  Leaves a lasting legacy gift that keeps on giving.
Avoid capital gains liability and take an income tax deduction.
 
Give appreciated securities, instead of cash.
 
Avoids capital gains tax.

 
Give a long-term gift that doesn't take funds from your estate.
 
Buy a new life insurance policy, or donate a paid-up policy that you no longer need. Be able to leave a significant legacy gift to HBPC.
 
Get benefits back from the assets you give to HBPC and thus afford a larger gift.
 
Create a life-income plan like a charitable gift annuity. Or a charitable remainder unitrust. Receive income during your lifetime and receive a charitable deduction.
 
Reduce gift and estate taxes and leave more of your assets to your heirs.
 
Create a charitable lead trust to pay income to HBPC for a fixed time, the remainder goes to your heirs.
 

Reduce gift and estate taxes, and freeze the taxable value of growing assets before they pass to your family.

Reduce high tax liability now; gain additional income later.

 
Establish a deferred gift annuity.


 
The longer the delay between gift date and payment date, the higher the payments and the charitable deduction.

Endowment Committee and Advocates

Michael Phillips, Chair Brant Newland
Maryellen Beiletti George Ross
Milton Fulton Bill Sick
Beryl Johnson Peggy Johnson
Edythe Tebbs Mike Little
Frank McLaughlin Fran Meza
Trevor Harkness Jim Pellot
Bill Gesdorf Joan Lomanto

Your Legacy

Our pastor and the Church's leaders will be happy to explore options with you and your personal advisors as you decide what you wish to accomplish through your gifts. Your gift, regardless of size, is welcome.
 

For more information

Pastor David Pierce: dpierce@hbpcusa.org  904-223-0903   or
Jim Pellot:: 
pellot1@bellsouth.net 904-992-8711

"Small deeds done are better

than great deeds planned."

                                 Peter Marshall