Governance

RESOLUTION ESTABLISHING
FIRST PRESBYTERIAN CHURCH OF NASHVILLE
ENDOWMENT

PREAMBLE

Exhibit I
First Presbyterian Church
Endowment Donation Acceptance Policy
January 1, 2003

Purpose

The purpose of this Policy is to set forth the guidelines for accepting donations into the church’s endowment fund (the “Fund”), in order to achieve the following goals:

Maintain good relations with present and prospective donors to the Fund.

Avoid undue risk to the church that could result from accepting certain types of assets.

“Fund” or “Foundation”

Structural Considerations for Congregational Endowments
Dan C. Mohn
Assistant Vice President, Program Development
with editorial assistance by
Carolyn Allen
Assistant General Counsel
Presbyterian Church (U.S.A.) Foundation
1999

This paper is presented as a Foundation resource for the exposition of various legal and technical issues related to endowments, but is not intended as legal advice. Readers are cautioned to seek the guidance of professional advisors in the areas of nonprofit law and taxation as appropriate.

“Fund” or “Foundation”:

Creating Endowments for Congregations: Pros and Cons

Robert W. Bohl, Pastor
Village Presbyterian Church
6641 Mission Road
Prairie Village, Kansas 66208
(913) 262-4200

Why Prepare Endowment Use and Management Policies?

• Policies improve communications with the public, members, and new appointees to boards and committees.

Endowment policies provide an opportunity for an organization to communicate how it uses the funds entrusted to it and to indicate how additional funds are used. When integrated with the strategic plan, well-defined policies will help with implementing the vision of the organization.

Suggestions for Encouraging Planned Gifts in the Local Church

It is suggested that a permanent committee meet periodically to be sure the church is being intentional about planned giving. A report semi-annually to the Session will also be helpful. That committee can create a year long calendar to spread out and pace as many as possible of those suggestions from below which fit a particular church.

National Association of Endowed Presbyterian Churches
October 16, 1997
Spending Endowment Funds: A Case Study
By Richard T. Merriman

My assignment is to speak about spending endowment funds. The best way to discuss this topic is to give a case study: it will probably come as no surprise to you that I have chosen Bryn Mawr Presbyterian church for the discussion today.

The Ministry of Permanent Funds

Premise:
The entire realm of planned giving is becoming more known in the general population as one generation known for its hard work and modest lifestyles plans for an unprecedented transfer of wealth to the next generation. Both the giving and the receiving generations are in great need of assistance in this transfer.

SUCCESSFUL CHURCH ENDOWMENT PROGRAMS
T. BRUCE WEAVER, JR.,TREASURER, THE P.E.E.R. NETWORK

INTRODUCTION