PERMANENT FUNDS MINISTRY

 

 

Ridgeview Presbyterian Church provides a special giving option for its members or others who feel called to stewardship with a monetary gift, which will be managed through long-term funding.  These gifts can be made to commemorate special events in an individual’s life, in the life of the church, as a part of the final disposition of an estate, or to support specific needs in the church.

 

The Permanent Funds Ministry was established in 2001, as a way of extending Ridgeview’s commitment to the further work of Jesus Christ.  The Permanent Funds Ministry provided for the creation of four separate funds within which gifts could be made.   The funds are administered by the Trustees of the church, under specific guidelines outlined in the Permanent Funds Ministry Policy, and are invested and utilized according to those same guidelines.

 

The four funds are:

 

The General Endowment Fund – this fund will be invested in perpetuity, and the distributions will be split between the Capital Facilities Fund and the Programs, Mission and Benevolence Funds.

 

The Designated (Restricted) Endowment Fund – the principal of each of the designated funds will be invested in perpetuity, and distributed only as specified by the donor of the gift.

 

The Capital Facilities Fund – all principal and income from this fund are available to be used for special, capital projects that enhance the physical facilities, overall aesthetics and/or safety of the church building(s), as well as any improvements beyond the annual budget.  Expenditures from this fund require Session approval

 

The Programs, Mission and Benevolence Fund – the principal and income from this fund are to be applied to special programs, extended missions and extraordinary benevolences.  Expenditures from this fund require Session approval.

 

Gifts can be “Restricted”, which allows the donor to designate not only the specific fund into which their gift will be placed but also to indicate a specific use to which their gift will be applied; or “Unrestricted”, which provides that the gift will be allocated among all the funds according to the guidelines.   Restricted gifts are subject to review by the Trustees, to ensure that the purpose of each gift is within the policies and commitment of Ridgeview Presbyterian Church.

 

To review the full details of the Permanent Funds Ministry Policy, please contact the church office at 972-620-2251.

 

If you would like to inquire about providing a gift to the Permanent Funds Ministry, please contact one of the Trustees.

 

This is a unique opportunity to create a lasting legacy of faith and generosity by giving to the church that is a vital part of your life and faith.