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Para ayuda en espaņol, por favor
llame al (800) 668-8016 y pida
hablar con Enrique.
Permanent Funds
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The Christian Church Foundation provides the means for an individual or family to establish a named permanent endowment, the annual distribution from which can go to any congregation, region, general unit or institution of the church. Those endowment funds provide a way for persons to continue to support in perpetuity the ministries of the church as they choose. These endowments can be established for gifts of $1,000 or more.
Such funds also provide a way for members of the church to have flexibility as they see new opportunities during their lifetimes. These funds are administered according to the latest memorandum of understanding between the donor and the Foundation.
Thus, a person can establish a named endowment fund for one purpose, can add to the fund over time in a variety of ways and can change or expand its scope.
The Christian Church Foundation holds and manages permanent funds created by Disciples for the benefit of their congregations and other ministries. At the end of 2006, assets of the Foundation totaled over $330 million.
An example of a Permanent Fund
Mrs. Apple created a permanent fund with the Christian Church Foundation in 1975 with a gift of $10,000 in cash. The fund was named to honor her parents and her husband's parents.
Each year the fund was listed in the Annual Report of the Foundation and in the Year Book of the church. Mrs. Apple signed a memorandum of understanding with the Foundation indicating that the earnings each year were to go to her congregation to help send youth to camp.
In 1985 Mrs. Apple purchased a gift annuity for $15,000. The quarterly payments were made to her for her lifetime. At her death the remainder of the annuity was to be added to the fund she created in 1975.
In 1990, Mrs. Apple wrote a new will providing that 10 percent of her estate would go to the Christian Church Foundation to be added to the fund she created in 1975. Realizing that the fund would be larger than she first imagined, she signed a new memorandum of understanding with the Foundation indicating that the earnings from her fund would be used for "assisting youth to attend church camp and conference, providing scholarships for youth in preparation for ministry, or for other educational or youth-related ministries of the congregation."
