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HomeStewardship: Why We GiveEndowment

St. Paul’s Planned Giving

The St. Paul’s Endowment was created in 2009 to provide additional funding to the parish for generations to come. Income from the endowment is helping St. Paul’s more completely fulfill its mission. Distributions from the fund are not used for typical operating expenses, but instead are used for purposes such as:
  • 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.

Funded Projects

Through the collaborative work of our parishioners, with oversight by the Endowment Board and the Vestry, the generosity of our donors has funded projects such as:

  • Playground shades
  • Permanent plantings and landscape lighting in the Courtyard
  • Play structures and rocking chair for the Kids’ Club
  • Lobby furnishings and decorative sound panels for the renovated Parish Hall
  • AED training for Ushers and Preschool teachers
  • New laptops for staff
  • Commercial refrigerator for the kitchen
  • Outreach donations such as Rise Against Hunger, Mother Rhonda Lee Parish Reading, Johnson Service Corps, Pauli Murray Center for History and Social Justice, Episcopal Farmworkers Ministry and Racial Equity Institute Training, among others
Legacy Society

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).

Questions?

Please contact the Endowment Board Chair, Kay Burgess (endowment@stpaulscary.org) for any questions you may have about the endowment, whether you wish to add a gift or learn how distributions are made.