Allen Park Presbyterian Church Endowment Fund

When our Church was named as the primary beneficiary of a personal estate, our Session wisely determined that the monies should be used to establish an Endowment Fund.  They prepared a “Policy Statement” for the handling of gifts, bequests and endowments. This stated that some portion of the gift/endowment should be set aside for an appropriate memorial to the donor(s). It also specified that the funds should not be used to subsidize budget items or expenditures normally supported through regular pledges or special requirements and commitments of the Congregation. Enough of the earned income is reinvested to keep pace with inflation on an annual basis.

With the establishment of this Endowment Fund, it is hoped that our Church will realize long term benefits.  It is also hoped that many of us will realize the value of including the Church Endowment Fund in our estate planning.  Please consider it as you plan your estate. Should you wish more information on our endowment fund, please contact our church office and ask to speak with one of our ministers.