St. Luke Charitable Endowment Fund
Created in January of 2011 as an intentional outreach into our local community, St. Luke's Charitable Endowment Fund has a simple mission statement:
"To receive, manage and distribute funds for those in need within our community, as well as to national and global charities."
FocusThe focus of this Fund is to extend St. Luke's outreach to those in need in three specific ways:
1. Service outreach opportunities in our community.
2. Mission outreach at home and abroad.
3. Support of new or unique ministries of the church.
How Does the Endowment Fund Work? The fund is managed by a five-member board of Directors. The members are elected for three-year terms by the congregation at the congregation's annual meeting. The Board annually determines the amount for distribution. This is equal to five percent (5%) of the average of the market value of the Fund at the end of the immediately preceding three years. The distribution formula should allow the Fund to grow while allowing increasing gifts to be made on a perpetual basis. At the direction of the Board, the amount available for distribution is allocated to charitable purposes within our community as well as to national and global charities.
All gifts and assignments should be made to:
St. Luke Lutheran Church Charitable Endowment Fund
In What Ways Can I Contribute to the Foundation?
GIFTS OF PROPERTY - gifts of cash, stocks, bonds, real estate or personal property
IN RECOGNITION OF - gifts may be given in memory of loved ones and friends or in honor of birthdays, anniversaries, baptisms or other special occasions or events.
BEQUESTS - gifts of cash, stocks, bonds, real estate or personal property may be provided in your will or trust.
LIFE INSURANCE - The Fund can be named as the beneficiary of a life insurance policy or you may gift a paid policy to the Fund.
IN TRUST FOR - A trust can be created to provide for the Fund.
A gift to the Endowment Fund qualifies for a current income tax charitable deduction or for an estate tax deduction. Donors can realize even greater tax savings by giving an appreciated capital asset instead of cash, because this allows them to avoid capital gains tax on the appreciation.
December 05, 2013
8:00 AM - Worship
9:15 AM - Education Hour
10:30 AM - Worship
(corner of 144 & NN)
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