"We can do no great things.
Only small things with great love."
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
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
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
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
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
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.
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
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: firstname.lastname@example.org
Jim Pellot:: email@example.com 904-992-8711
"Small deeds done are better
than great deeds planned."