Aldersgate’s Endowment Funds are playing a significant role in support of the Growing Effective Church (G.E.C.) Initiative. Due to the forethought and intentional investments of our predecessors, the Endowment Committee announced during the June Church Council Meeting that they will be contributing $77,350 before the end of 2019 towards the costs associated with the first phase of the overall renovations. Furthermore, the Committee also reported they are forecasting they will be in a position to contribute additional funds over the next two years towards subsequent phases as well.
In addition to the G.E.C. Initiative, Endowment Funds also support many activities within our church. For example, just this year, there were five scholarships awards totaling $6,000, $1,500 spent on “recreational/educational” equipment for our Preschool Ministry, and $2,350 given to help support the SummerFest Bridging Event, just to name a few. The Endowment Committee also expects there will be significant additional grants given to the Missions Committee by the year-end as they have done in the past.
What a great example has been set by those who have gone before us. They helped fund tomorrow, which is our today! Were it not for their generosity and intentionality, we may not have be in the position we are today. Please consider making a one time or recurring contribution to any of the Endowment Funds available. There are a variety of Fund accounts to choose from. For example, some Funds are very specific in their purposes like the Jackson Missions Fund. Others have VERY flexible purposes like the General Purpose Trust Fund, which can be used for virtually any need within the church; other than routine budgeted items such as salaries, utilities, taxes, etc. Also incidentally, if you have an IRA and make annual “Required Minimum Distributions” (RMD’s) from the account, there are significant income tax benefits of such a contribution. If you would like more information on our Fund Accounts or RMD, contact Ed Yohn.
Submitted by Endowment Committee Chair, Ed Yohn
Be sure to check out this article in our full July 2019 newsletter - Click Here!