Your Endowment Fund:
The Endowment Fund of St. Timothy’s Episcopal Church is built with money contributed by parishioners. The Fund is dedicated to the support of the church. An elected Board of Trustees oversees the money with the help of professional investment counselors.
How is the Money Used?
The Endowment Fund makes an annual contribution to the church’s general fund. These funds, which support all aspects of the church’s mission and supplement St. Timothy’s budget, also preserve the principal of the Endowment Fund so it can help far into the future.
A separate landscaping fund supporting the maintenance of St. Timothy’s grounds also exists.
How is Money Contributed to the Endowment Fund?
A tax advantage is often gained by direct contributions or contributions from your IRA. A lifetime gift can sometimes provide tax advantages to you and effectively increase the value of your contribution. Planning a bequest from your Will or Trust might also provide a tax advantage.
Why are Most Gifts After Death?
Your pledge to St. Timothy’s Annual Giving Campaign stops when you die. By leaving money to the Endowment Fund in your Will or Trust, your contribution can continue as part of the Endowment’s annual contribution.
How Much Does Endowment Contribute Annually?
The maximum annual contribution is limited by a Trust Agreement to a percentage of the total Fund value. (In 2026, the contribution is $27,002.) As the Fund grows through contributions by individuals and growth of the Fund’s investment portfolio, the amount of Endowment’s contribution grows. When hard financial times hit (such as the recent COVID epidemic), we can temporarily increase our contribution to help St. Timothy’s through the emergency. The chart attached below provides some relevant details about the Endowment Fund and its support for the church.
The Endowment Fund of St. Timothy’s Episcopal Church is built with money contributed by parishioners. The Fund is dedicated to the support of the church. An elected Board of Trustees oversees the money with the help of professional investment counselors.
How is the Money Used?
The Endowment Fund makes an annual contribution to the church’s general fund. These funds, which support all aspects of the church’s mission and supplement St. Timothy’s budget, also preserve the principal of the Endowment Fund so it can help far into the future.
A separate landscaping fund supporting the maintenance of St. Timothy’s grounds also exists.
How is Money Contributed to the Endowment Fund?
- Monetary gifts during lifetime.
- Bequests after death.
- Memorial gifts to honor a friend or loved one.
A tax advantage is often gained by direct contributions or contributions from your IRA. A lifetime gift can sometimes provide tax advantages to you and effectively increase the value of your contribution. Planning a bequest from your Will or Trust might also provide a tax advantage.
Why are Most Gifts After Death?
Your pledge to St. Timothy’s Annual Giving Campaign stops when you die. By leaving money to the Endowment Fund in your Will or Trust, your contribution can continue as part of the Endowment’s annual contribution.
How Much Does Endowment Contribute Annually?
The maximum annual contribution is limited by a Trust Agreement to a percentage of the total Fund value. (In 2026, the contribution is $27,002.) As the Fund grows through contributions by individuals and growth of the Fund’s investment portfolio, the amount of Endowment’s contribution grows. When hard financial times hit (such as the recent COVID epidemic), we can temporarily increase our contribution to help St. Timothy’s through the emergency. The chart attached below provides some relevant details about the Endowment Fund and its support for the church.
Your Situation is Unique!
Your financial/tax situation is unique. Please, always consult your financial and legal advisors when planning a gift or bequest.
Your financial/tax situation is unique. Please, always consult your financial and legal advisors when planning a gift or bequest.
Any Questions?
Please contact any Endowment Board Member for additional information:
- Julia Amies, Chairperson: [email protected]
- Cletus Coughlin, Secretary: [email protected]
- Diane Gannon, Treasurer: [email protected]
- Don Hammond: [email protected]
- Brian Perkins: [email protected]