Endowment Fund


Legacy Endowment Fund

What is an Endowment Fund?

By definition it is A gift of property, especially personal property, as money, by will; a bequest. An endowment is a group of funds that have been donated to a tax-exempt organization so that the earnings on the funds can be used to advance its charitable, religious, or educational mission as long as the organization exists. It allows donors to transfer private wealth to the ongoing support of the public purposes.

 

 

“A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous. ” - Proverbs 13:22

Overview of The Logos Endowment Fund

The Logos Endowment Fund is your opportunity to support New Salem and the outreach it does to benefit the community. It is simply your stated commitment to leave a gift to New Salem through your estate for a time in the future.

The Endowment Fund has the potential to provide additional gift support for current and future ministry needs, in addition to ongoing tithes and offerings.

Legacy gifts are in addition to our biblically mandated tithes and offerings members give or will give in the future.

Legacy gifts typically represent the full giving capacity of the member, often a philanthropic commitment from the donor. Yes, some individuals have the resources to make great gifts throughout their lifetimes. However, most legacy giving is done through trust, bequest, and is transferred as a part of a donor’s estate plan. These types of gifts can be made through a will, life insurance policies, retirement funds, or an asset of value such as homes, jewelry, stocks, bonds, CD, etc., for use by New Salem Note: there is no minimum amount and donors decide what they would like to commit to the church.

God calls us to be good stewards of the resources He provides while we are here on earth. He also calls us to leave an inheritance to benefit others after we are in heaven.

Five Reasons for an Endowment Fund?

1) New Salem receives increased gifts to fund its various ministries.

2) Members begin including Legacy gifts as well as tithes and offerings in their stewardship response.

3) Members are educated to the variety of expanded gift opportunities for mission and ministry through the church.

4) Tithes and offerings given in support of the ongoing annual budget are freed up to strengthen and even expand existing ministries.

5) The church and its various ministries begin to receive legacy gifts that have previously been directed to other organizations where endowments are already in place.

How To Give