Foundation

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

“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”: