What is the Endowment Fund?
The Endowment Fund has been a quiet mission at MPPC slowly doubling in size since its inception in 2002. The Endowment fund gives a small percentage of earnings back to the church annually and the principal is only touched is case of a catastrophic disaster. The larger the Endowment grows, the larger the annual gift back to the church is. The mission is to further the spiritual and charitable purposes of our church.
Gifts made to the Endowment Program will be fruit for generations to come.
It is a gift that keeps on giving— your legacy of faith.
How does the Endowment Fund work?
The fund is a brokerage account worth about $1M and functions in two main ways:
- Annually, a small percentage of the earnings is distributed back to the church to support Christian Education, Worship and Music Ministry, Mission and or Capital Improvement
- For the future, it not only protects the church in case of a catastrophic disaster, but as the account grows, it provides more income back to the church.
Why give money to the
Mount Pleasant Presbyterian Church Endowment Fund?
First, to advance the purposes for which the Endowment Fund was established: to provide members and friends of MPPC and opportunity to acknowledge and express their gratitude for the countless blessing they have, by grace received. Also, to enhance and supplement the financial resources of MPPC beyond the normal operating budget for charitable, benevolent, and educational purposes, as well as unforeseen emergencies of the Church. It provides an opportunity for a member to make a continuing gift to a designated church program from the income earned by the gift for many years after the members death.
You have the wonderful chance to provide the means for the church to have a strong and empowering ministry for generations to come. That’s what the Endowment Fund is about.
Genesis 26:17-25 “And Issac dug again the wells of water which had been dug in the days of Abraham his father…” You have drawn water from wells you have not dug, you have sat under shade trees you did not plant. This is an opportunity for you to provide shade and water for the next generation.
No. If you have a Will, you can simply execute a codicil which acts as an amendment to your present Will, or if you have a Revocable Trust, you can simply execute an Amendment to that document.
There are tax advantages to both ways of doing it. We recommend you talk to your Estate Attorney, CPA, or Financial Advisor to help you decide what is best for you and your loved ones.
You would simply complete a new beneficiary form which you would get from the institution that holds your IRA account.
Mount Pleasant Presbyterian Church Endowment Fund, 302 Hibben Street, Mount Pleasant, SC 29464. Some forms may require the church’s Federal tax identification # which is 57-0528685
Absolutely – you would just need to update your estate documents or your beneficiary form.