Does Your Mission Endowment Fund Need A Tune Up?
Mission Endowment Funds in our congregations are a “Win-Win-Win” proposition. They enrich the lives of generous donors, broaden the outreach of congregations, all the while easing burdens and creating opportunities for those receiving grant support. Over the past several years, great strides in this area have been made throughout our synod. However, there is much untapped potential and we have not really scratched the surface.
WHY CHURCHES GET SO FEW LEGACY GIFTS AND WHAT WE CAN DO ABOUT THAT?
CLICK HERE for a power point outline that addresses this very question. We owe a service to our congregations to have a well-functioning mission endowment fund with policies and guidelines that will stand the test of time. If we achieve this, donors will trust that their gifts will be handled in a competent and forthright manner. The information in the outline (i) provides guidance in setting up endowment funds; (ii) describes potential granting discipline; (iii) provides direction on investment, governance and management parameters; (iv) shares marketing ideas and timelines and (v) highlights the use of a second fund for the 40% North Dakota income tax credit.
HOW CAN THE SYNOD ASSIST YOU?
Craig Johnson, CPA is of counsel to our Synod and is available to consult by phone or in person with endowment committees. His methodology would normally be to review the attached power point document which will help you discern the many nuances of properly-administered endowment funds. The goal is to help your congregation either establish such a fund or better utilize an existing fund to create more “Win-Win-Win” opportunities.
Please call Jakelle Cornell at the Synod office (701-232-3381) or contact Craig Johnson directly at (701-799-1108) or by email at: email@example.com to schedule a no-cost consultation. We are ready and able to serve all of our congregations in the area of legacy stewardship.