|
The man who had received the five talents brought the other five. ‘Master,’ he said, ‘you entrusted me with five talents. See, I have gained five more.’ His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master's happiness!’
Matthew 25:20-21
Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.
2 Corinthians 9:6
|
The members of Golden Valley Lutheran Church established the Endowment Fund in early 2005. The purpose of the Fund is to receive gifts and bequests in order to use them to further the growth of Golden Valley Lutheran Church and its mission and ministry.
A planned gift to the Golden Valley Lutheran Church Endowment Fund can help assure that the church and its ministries remain as strong in the future as they are today.
How Will the Assets of the Fund Be Used?
Funds contributed to the Endowment Fund are invested and the income earned by these investments will be used to sustain and strengthen various ministries of the church into the future. The principal remains invested in perpetuity. The congregation has established the Endowment Fund along with six restricted subfunds whose income will be used for specific purposes.
Who Decides How the Money Will Be Spent?
Golden Valley Lutheran Church has established an Endowment Fund Committee, whose members are selected by the Board of Deacons. The members also include the President and Treasurer of the congregation as well as Pastor. This Committee is responsible for recommending expenditures to the Board of Deacons for approval.
What Are the Various Funds to Which I May Contribute?
The Endowment Fund consists of the primary Unrestricted Fund and six Restricted Funds. The Unrestricted Fund may be used for any mission or ministry as determined by the Committee and the Board of Deacons. This Fund gives the Committee flexibility to make gifts for specific and changing needs into the future.
The income from gifts to the Restricted Funds may be used only for purposes consistent with that specific Fund. The six Restricted Funds include:
- Special Projects Within Golden Valley Lutheran Church
- Scholarships
- Golden Valley Lutheran Church Child Care Center
- New Building Projects or Property Acquisition
- Evangelism
- Mission and Ministry Outside Golden Valley Lutheran Church
How Can I Make a Gift to the Endowment Fund?
You can make a gift in one of two ways, through either:
- A Current Gift
We invite you to consider making a current gift to the Endowment Fund. Cash donations can be made by making checks payable to “Golden Valley Lutheran Church Endowment Fund.” If you would like to make a gift to a particular Restricted Fund you must note that on your check as well. The Endowment Fund also accepts non-cash gifts, including stocks, bonds, or other investments. The Endowment Fund Committee reserves the right to decline any gift that it would be unable or unwilling to manage.
- A Testamentary Gift
We also encourage you to consider making a very special gift to the Endowment Fund by naming the Fund as a beneficiary or partial beneficiary of such things as a living trust or charitable remainder trust, a life insurance policy, an IRA or 401k, or by naming the Fund in a bequest in your will.
How Can I Find Out More Information About the Endowment Fund?
- Please contact any member of the Endowment Fund Committee, the Stewardship Deacon, or Pastor to find out more information about the Endowment Fund.
- Review the Governing Principles for information on how the Endowment Fund and Endowment Fund Committee operates.
- Review the Gift Acceptance Policy for information on how gifts are accepted and possible gifts reviewed.
- Review the Investment Policy for information on how funds are invested.
- Review the Distribution Policy for information on how to propose distributions from the Fund.
|
