Distribution and Grants

Bradley Hills Presbyterian Church

Legacy Ministry Distributions Policy and Procedure

Purpose
The purpose of this policy is to outline priorities and procedures undertaken by the Legacy Ministry Board (“Board”) when considering a request for funding. This is a policy under the Legacy Ministry Operating Plan. Refer to the Operating Plan for context and definitions for this policy.

Scope

Endowment Grant Application

Exhibit III
First Presbyterian Church
Endowment Spending Policy
January 1, 2003

Purpose

The purpose of this Policy is to set forth the principles and guidelines for spending the church’s endowment fund (the “Fund”) to achieve the following goals:

Safeguard the Fund for future generations.

Enable the maximum amount of spending that can be maintained over the long term.

Ensure that Fund income is as stable and enduring as possible.

Ensure that the stated wishes of donors are honored.

Spending Objectives

A. Generational Neutrality

RESOLUTION ESTABLISHING
FIRST PRESBYTERIAN CHURCH OF NASHVILLE
ENDOWMENT

PREAMBLE

Exhibit IV
First Presbyterian Church
Guidelines for Administering Disbursements from the Endowment
January 1, 2003

Decisions, Decisions, Decisions: What to Do With the Income from Permanent Funds
Presenter: Kim Warner
Vice President, Texas Presbyterian Foundation

From both a Stewardship and a Marketing standpoint there are four key elements that make up a healthy and growing ministry of permanent funds:

1. How funds are invested
2. How much each year from the funds are expended
3. What those funds are spent on
4. How well this is interpreted to the congregation

Key factors under girding the above observations:

Model for Using Income from Endowment

In the Presbyterian Church the use of income from endowment generally falls into three categories:

• sustaining and enhancing the small congregation ministering in a limited population setting.
• providing funding for missions beyond the budget and the current giving of the church’s members.
• providing supplemental income to the budget for a variety of uses.