If meeting your operational needs is a growing concern, consider endowing some of your programs or ministries. An endowment consists of funds that are set aside and invested in order to produce income. Endowments allow you to expand or develop new programs, attract and retain quality staff members, award funds for scholarship and /or provide financial flexibility for your organization.
An endowment fund benefits both your organization and your benefactors:
- You can honor those who distinguish themselves through their generosity
- You take a step towards financial stability
- You have an opportunity to use the gift where the need is the greatest
The donor gains:
- Tax benefits
- Satisfaction from knowing they are helping your organizations
Funding the Endowment
- Bequests to the church allows the donor’s gift to provide a long lasting benefit instead of a one-time use
- An endowment component can be added to a capital campaign or the campaign can be conducted solely to increase the fund
- Profits from fund raising events can add to the endowment