Things you need to know...
The purpose of the Foundation is to strengthen and expand the ministries of the Church now and for future generations. Gifts to the Foundation are an effective way for members to express their Christian faith in an abiding way.
An endowment fund is invested for growth and income to support a charitable ministry such as the Church. The assets of an endowment are set aside and permanently invested, so that only the interest on the principal is used for funding church programs and ministries. The Church encourages members to make gifts to the Foundation that are simple to administer and allow the Session flexibility in using the funds where the need is greatest.
• Expansion of the outreach ministries of the congregation
• Support of additional ministerial or staff positions
• Acquisition of additional property contiguous to the Church campus
• Maintenance and renovation of the current campus
• Support of the programs and everyday life of the Church
Donors may set up individually named funds, with session approval, in honor or memory of loved ones as outlined in the chart below.
Named Endowment* with Donor Designated Purpose
Named Endowment* with Session Designated Purpose
Named Gift with Donor Designated Purpose
Named Gift with Session Designated Purpose
* The corpus of an endowment is permanently restricted.
The Foundation’s Investment Committee manages the assets of the Foundation and reports to the Trustees. The Trustees have years of experience in the management of gifts to the Church. The Foundation maintains an established investment policy which guides standards and asset allocations.
For the one-year, three-year, and five-year periods ending December 2021, the Foundation’s portfolio returns were 13.7 percent, 16.4 percent and 11.4 percent, respectively, excluding restricted cash.
• Bequest under Will
• Securities including bonds, mutual funds, or other instruments
• New or existing Life Insurance Policy
• Charitable Lead Trust
• Retention of Life Estate
• Retirement Accounts
• Charitable Remainder Trust
• Real Estate and other assets
Certain types of gifts may require Session approval prior to acceptance.
Gifts to the Foundation may provide donors with current income tax and future estate tax benefits. Please consult your legal or financial advisor, as the Foundation does not provide legal or tax advice.
How do I obtain more information about making a gift to the Foundation?
Please contact the church Development Director at 919-834-3424 ext. 225 for information on how you can support the White Memorial Presbyterian Church Foundation.