The Prince of Peace Mission Endowment Fund is a means by which special gifts from members, friends of the congregation, organizations, and corporations etc., can be received, managed, and distributed to extend the programs and ministries of our church. The Fund enhances the mission outreach of Prince of Peace Lutheran Church by supporting meaningful member causes, community needs, ELCA Synod work, and ELCA National projects.
The goal of the Mission Endowment Fund is to manage and distribute Fund gifts to have a lasting impact, perhaps a lifetime and beyond.
Funding and Investment:
Dollars in the Fund come primarily from one-time contributions or bequests. The Fund does not draw from the weekly contributions of members. The Fund is not intended to interfere with, nor supplement, the regular stewardship or other programs of the church. The bulk of the Fund is invested separately from the annual church budget and is managed by the ELCA Synod’s Endowment Fund Pooled Trust. There is also a small Mission Endowment Fund line item amount in the Church’s annual budget, intended to hold excess withdrawals from the Synod Trust Fund.
Governance and Distributions:
The distribution of Fund dollars is directed by the Mission Endowment Fund team. The team’s mission and activities are defined in our congregation’s by-laws, and the Fund team members are elected by the congregation. The team meets, at minimum, twice each year to review applications and make decisions on each grant request. In order to maintain a sustainable principle balance, our general rule is to distribute 5% - 10% of the Fund each year, depending on Fund performance and grant applications received.
How Can I Make a Gift?
Anyone can contribute a gift – of any size – to the Mission Endowment Outreach Fund. Examples of types of gifts include:
Cash – memorializing or honoring someone with gifts of cash.
Bequests – remembering the Fund in your estate planning.
Insurance – naming the Fund as the beneficiary of an insurance policy.
Stocks, Bonds, and Mutual Funds – giving these securities directly to the Fund.
Real Estate/Personal Property – giving gifts of property.
Life Income Agreements – make a gift while maintaining your income.