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The Hope Church Endowment is money which is given, is invested, and which accrues interest that is then spent for various needs of the church.
“Direct Gifts” are gifts that are given directly to the Endowment Fund in the form of cash, publicly traded securities, closely held securities, real estate property, tangible personal property or other property.
"Deferred Gifts” are gifts that are promised but deferred until a later date through wills (bequests), Charitable Remainder Trusts, and Charitable Gift Annuities.
A “planned gift” is a carefully considered way of giving one’s accumulated, inherited, and appreciated resources for the support and perpetuation of the church’s mission.
The amount available for spending per year is calculated by taking 5% of the average value of the Fund for the previous five years.
The procedure for requesting funds is through a grant application. Grant application forms are available here, or from the church office.
Completed applications should be submitted to the church in care of the Endowment Fund Committee.
Funds will be awarded based on grant application criteria. The Hope Church Mission Statement will be used as a guideline for money distribution. Specifically, the Endowment Fund Committee will be looking to see if the proposed project upholds the Mission Statement.
Approved grant money must be used for the specified purpose, or returned to the Endowment Fund.
All grant applications will be reviewed and acted upon within 60 days of submission.
