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 Endowment Fund
 

 

The Session of the Black Mountain Presbyterian Church established the Endowment Fund to provide members and friends of the Church an opportunity to extend their stewardship beyond their lifetime by making gifts directly or through planned giving to permanently fund the ministry and mission of the church.  Exciting?  Yes.  Far reaching?
Very definitely!

 Endowment Fund Mission Statement

The Endowment Fund seeks to provide and promote the opportunity for planned giving that supports the ministry and mission of both the donor and the church into perpetuity.

Categories

          Funded Categories

        •  General Fund - To benefit the general programs of the Church as determined annually by the Endowment  Board
             and Session      

        •  Christian Education - To be used to supplement the Christian Education program of the Church

        •   Mission - To be used to bring a higher level of commitment to missions of the Church, both local and worldwide

        •  Presbyterian Home for Children - To be used to assist in the Church’s special relationship with the Presbyterian
             Home for Children    

        •   Weekday School - To benefit and enhance the operations of the Church’s Weekday School

        •   Worship and Music - To benefit and enhance the Worship and Music Program of the Church   

         Categories Approved but Currently not Funded

·           •   Scholarship - To aid those who cannot afford the full cost of an educational experience related to the program of  the    Church.

·           •   Property - To be used as needed for maintenance and upkeep of the physical plant of the Church

CLICK HERE to download the form to make a request for funds.

   

How to Make a Gift 

There are several ways to make a gift to the Endowment Fund. Some involve gifts during life, and others are gifts at death.

•    Marketable securities may be given

•    Cash gifts are accepted thankfully

•    Charitable Gift Annuity whereby the donor receives income

•    Charitable Remainder Trust or Annuity Trust which also provides for income to the donor

•    Life insurance may be assigned or the Endowment Fund may be named as a beneficiary

•    Bequest may be made through estate planning documents

Example of Giving: 

A gift of $10,000 in 1981 to the BMPC Endowment would have been placed in the Presbyterian Permanent Endowment Fund.  The $10,000 would have provided $34,300 to Church Mission during the 26-year period and have a principal value of $30,200 at the end 2007. This gift will be used by the Church into perpetuity.

The Endowment Board 

•  Meredith Burpeau, Secy. Class of 2014
•  Jim Burt, Moderator         Class of 2014
•  Jerone Herring                   Class of 2012
•  Carey Jo Elam                   Class of 2013 
•  Calvin Chrisman              Class of 2011
•  Bill Cox                             Class of 2015
•  Linda Stroupe                   Class of 2016
•  Gene Schimpf, Ex-officio and Historian