Endowments: A Plan For Tomorrow

The Corning First Presbyterian Church Endowment was established by the Session/Trustees to encourage and assist members and friends of the church to make gifts and bequests for the benefit of the church and its work. It provides a permanent fund, with continuity of investment management, to help meet the future financial needs of the church. It is hoped that through this plan, we can ensure the continuing existence of our church and its ministry in the community.

PURPOSE

Prudent investment of the fund will achieve growth while generating income to help meet our increasing operating and mission needs. Annual allocations are determined by the Endowment Committee. Use and expenditure of funds are determined by the appropriate committee or Board. The principal will not be invaded, unless terms of the gift dictate otherwise.

HOW TO MAKE A GIFT

There are many ways to give to the Endowment Fund:

  • Outright gifts, such as cash, securities, real estate, art or collectibles;
  • Bequests and wills;
  • Life gifts, such as annuities, trusts or income funds.

Any of these gifts could be given in memory or honor of family or friends and are tax deductible. The fact that the gift is an "over and above" remembrance to our church is the important thing-- not the size.

DESCRIPTIONS OF OUR ENDOWMENT FUNDS:

PROPERTY/MAINTENANCE FUND

Underwrites cost of property care, maintenance, and enhancement of First Presbyterian Church.

TELIAN EDUCATION FUND

Supports the Christian Education Program of the First Presbyterian Church, particularly special projects.

ORGAN FUND

Assists in providing financial support to ensure the continuation of a quality church organ to enhance the meaning and the enjoyment of the worship of God.

PRESCHOOL SCHOLARSHIP AND SUPPORT FUND

Provides scholarships and funds for special projects or needs of the Weekday Preschool of the First Presbyterian Church.

CAMP & CONFERENCE SCHOLARSHIP FUND

Assists and/or encourages attendance at camps and conferences of the Presbyterian Church or ecumenical church by children/youth of the church.

MUSIC SUPPORT FUND

Enhances and enlarges the music program of the First Presbyterian Church beyond what the annual budget is able to support, with emphasis on special events or needs.

PROGRAM SUPPORT FUND

Supports and enhances the internal program of First Presbyterian Church beyond the ability of the pledge budget to support and to provide programs interpreting the broader mission of the church.

SCHRICKEL ADULT SCHOLARSHIP FUND

Provides assistance for adults related to First Presbyterian church to attend conferences and workshops designed to enhance the skills of those involved in the program and mission of the Church.

ROBERT AND ERMA SWENSON FUND

Funds major projects, provides seed money for new projects, expands existing projects outside the general fund budget of the church.

MISSION SUPPORT FUND

Supports Christian mission projects and endeavors beyond the internal program and mission of First Presbyterian Church, and as a way of building on the annual giving of First Presbyterian members in commitment to Jesus' "great commission" to "Go into all the world and proclaim the good news to the whole creation." (Mark 16:14)

JENNESS LIBRARY FUND

Supports the library of First Presbyterian Church.

LANDSCAPE FUND

To support and enhance the appearance and usefulness of the grounds and gardens of First Presbyterian Church.

VALENTINE BROTHER PRATT FUND

To underwrite the costs of property care, maintenance and enhancement of First Presbyterian Church.

RUTLEDGE FUND

To enhance building care and program needs of the church by providing a resource not met by other more specific funds or to supplement the income from those funds.

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First Presbyterian Church of Corning NY