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Another
aspect of
Stewardship at Black
Mountain
Presbyterian is the
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
Churchs special
relationship with
the Presbyterian
Home
for Children
Weekday School
- To benefit and
enhance the
operations of the
Churchs 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
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
Rachael Lee
Class of 2010
Wendy Craig
Class of 2011
Jerone
Herring
Class of 2012
Carey Jo
Elam
Class of 2013
Jim Burt,
Moderator
Class of 2014
Meredith
Burpeau, Secy. Class
of 2014
Calvin
Chrisman
Class of 2015
Bill Cox
Class of 2015
Gene Schimpf,
Ex-officio and
Historian
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