Preston Hollow Presbyterian Church, Dallas, was looking for an idea to raise money to support missions and ministries not covered in the annual budget, and something all ages could embrace. They wanted it to be a tool for teaching stewardship, as well as fun, and something that would give satisfaction to the giver in the knowledge that the funds would make a difference in the life of our church. Hence Birthday Endowment Fund was initiated.
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.
Have you wondered how you can support your church’s outreach as well as the ministry areas you care about most while maintaining – or even improving – the income provided by your financial assets? Consider a charitable gift annuity to support the work of ______________ Church and to continue or increase your own income.
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.
Donation Acceptance Policy - FPC Nashville Endowment