Our Endowment Fund is managed by a group of committed members of the congregation. It provides opportunities to invest some of the blessings of one’s lifetime in the cause of Jesus Christ and His church, bearing fruit far in to the future.
This fund was established by the Session in 1988. For a number of years it was allowed to grow from numerous donations made by many generous individuals. However since 2008, a healthy and responsible distribution percentage has been distributed for chosen projects from the Endowment Fund that fulfill the intention of the contributors as well as the needs of the church. The distribution amount is based on prior year’s percentage gain.
Annually projects are chosen by the Endowment Committee. Some past projects have included covering the costs of a seminary intern, providing LOGOS training, supporting mission trips and redecorating the church lounge.
The best gift is the one that is appropriate to your interests and circumstances. Gifts of all sizes are important, and may be made in cash, securities, real estate, or other assets. Donor benefits of these contributions can include income tax deductions, estate tax deductions, and avoidance of capital gains taxes.
There are various ways to give to the Endowment Fund. One of the most popular ways is by remembering First Presbyterian in your will. You have a general bequest that simply leaves a specified dollar amount. For example: I give (dollar amount) to First Presbyterian Church of Marion to be used in the Endowment Trust. However there are other types of bequests such as designating property or stock to be given, or by giving a certain percentage of your estate.
But there are other ways to give to the Endowment Fund. Outright gifts of any amount may be made at any time in memory of loved ones, in honor of others, in celebration of special events, in thanksgiving for God’s goodness. Life Insurance Policies existing or new, partial or in full may be donated. At times individuals have donated real estate and securities. Lifetime gifts and annuities are also something to consider. A named beneficiary receives income from a trust during his/her lifetime and, at death, the remainder of the principal reverts to the Endowment.
Contact the church office to be put in touch with a representative of the Endowment Committee to discuss the plan that may be best for you. Also, be sure to contact your attorney to discuss any changes you wish to make in your will.