- outreach ministries and grants,
- seed money for new ministries and special one-time projects, and
- purposes that are specifically designated by donors.
Donors interested in a particular ministry or need at St. Paul’s may designate their gift for that purpose. However, there is a minimum amount set for designated gifts, and the vestry must approve the designated gift for the named purpose. Undesignated gifts to the endowment allow the church to address future needs as they arise without restrictions.
Commitments to the endowment can take many forms, including a monetary gift, a bequest in a will, designation of the endowment as a beneficiary of a life insurance policy, and instruments such as charitable remainder trusts.
To assist those wishing to make a commitment to the endowment, the Endowment Board has developed a Model Donor Agreement. Governing documents and the Board’s policies are available upon request.
The Legacy Society includes any parishioner who has made a gift to the endowment, either actualized or planned for the future (and memorialized in a signed Donor Agreement). You can find more information in the Legacy Society Brochure.