The objective of the Endowment Commission is to secure the financial health of St. Peter’s Church in the Great Valley so that the beauty of our campus, the richness of our worship and the Mission that we share as a Christian community can be passed on to future generations.
The very fact that an endowment exists creates a sense of permanence, stability, and strength in our church. It is proof that we are thinking about tomorrow, and that we intend for St. Peter’s to be here for generations to come. That sense of institutional permanence is very important to our survival as a community of faith. It is our communal way of leaving a legacy.
As a Commission, our work is to assure good stewardship and financial strength and growth of the gifts by maintaining the spending power of the Endowment. We do this by setting a prudent spending rate considering factors such as inflation, fees, and market conditions. The commission informs the Vestry of its decision regarding the spending rate thereby establishing the funds available in the coming year. We also strive to further educate parishioners on how to leave a legacy through the Society of the Keys (which is a bequest) or other contributions to the Endowment. Just as past gifts from earned income provided the basis for building the bank barn (Capital Campaign) and paying for existing programs (Annual Stewardship), the Endowment provides a way of using our capital assets to perpetuate our values well into the future.
Contributions to the Endowment may be given in the form of Will Bequests by adding a phrase to your will, Retirement Plan Beneficiaries, Charitable Trusts, Charitable Gift Annuities, Life Insurance policies, or outright gifts of cash, tangible personal property, readily marketable securities and real estate. On occasion, certain questions of gifts to the Parish may arise and these will be referred to the Gift Review Committee prior to acceptance.
The Endowment Commission is ready to assist you in your efforts to meet personal objectives that an Endowment gift can accomplish, such as:
You may contact the Endowment Commission for more information or to arrange a gift at firstname.lastname@example.org.