PEACE LUTHERAN CHURCH ENDOWMENT FUND

1801 Port Malabar Blvd. NE

Palm Bay, FL 32905

(321) 727-3131

They are to do good, to be rich in good deeds, liberal and generous, thus laying up for themselves a good foundation for the future, so that they may take hold of the life which is life indeed. 1Timothy 6:18-19

Introduction

The Peace Lutheran Church Endowment Fund has been authorized and established by our congregation.  The purpose of this fund is to receive and invest gifts and bequests of money, securities, and real or personal property of any kind for the benefit of the ministry of the Church.  The primary objective of the Endowment Fund is to generate income to be used for the work and mission of the Church.

Management

The Endowment Fund is managed and administered by the Peace Lutheran Church Endowment Fund Committee. The committee reviews investments and considers requests for program funding. This committee is appointed by the congregation. The congregation has ultimate control of the Fund policies.  The congregation must approve all distribution recommendations made by the committee. The committee is responsible for investment decisions and monitoring distributions and their uses.

The funds received are invested with the objective of protecting the principal and maximizing the income. Ordinarily only earnings from the endowment principal are made available for distribution each year for carrying out the ministries of our Church.

Mission

The concept of endowment is that the gifts are not spent by the congregation. Instead the gifts are invested.  The income earned through the dividends and interest is then made available on an annual basis for specific purposes:

·        Community Outreach

·        Special Missions

·        Furthering of higher education of our students

·        Support of Worship and Music

·        Capital Improvement

Contributions

There are two ways to contribute to the Endowment Fund

1.      Current Gifts - those which may be placed directly into the Endowment Fund

·        Cash  

·        An Endowment Memorial – specifically directed to the Fund

·        Appreciated assets (stocks, bonds, mutual funds, real estate and personal property)

2.      Deferred Gifts - those which will become fully available to the Endowment Fund at a later date, generally coinciding with the death of the donor or donor’s spouse

·        Cash

·        Real Estate

·        Stock, bonds, mutual funds

·        Personal property

·        Life insurance proceeds

·        Planned gifts from wills or trust estate

Vision

Gifts to the Peace Lutheran Church Endowment Fund should be “special” gifts, over and above one’s regular pledge for the on-going ministry of our congregation.  If we can make small regular contributions to our endowment, and if faithful Peace members will consider seriously the stewardship of what God has given them in their estate planning, then in years to come our Endowment Fund can be a living force for the Gospel far beyond our congregation’s present means.

Committee Members and Terms

If you have any additional questions please contact the Church Office or any committee member.