Parish Financials
Annual Giving
Our members have a long tradition of faithfully fulfilling their pledges as a spiritual commitment. The full impact of the pandemic is still being understood and the Stewardship season for 2022 will be a key indicator.
Our members have a long tradition of faithfully fulfilling their pledges as a spiritual commitment. The full impact of the pandemic is still being understood and the Stewardship season for 2022 will be a key indicator.
Income and Expenses
We have a strong finance committee that leverages our resources through close management and by obtaining grants and other funding whenever possible. St. Timothy’s has always paid its full Diocesan assessment and specifically allocates funds from each annual budget to outreach ministries as an act of faith. In 2021, Income in Other Parish Support is primarily from additional donations to address the budget shortfall. Also, Released from Restriction represents the PPP loan obtained.
We have a strong finance committee that leverages our resources through close management and by obtaining grants and other funding whenever possible. St. Timothy’s has always paid its full Diocesan assessment and specifically allocates funds from each annual budget to outreach ministries as an act of faith. In 2021, Income in Other Parish Support is primarily from additional donations to address the budget shortfall. Also, Released from Restriction represents the PPP loan obtained.
The Endowment Fund of St. Timothy's Episcopal Church is overseen by a parishioner-led Endowment Committee. The General Fund is not restricted and provides annual income for the operating needs of the church. The Landscaping Fund provides for landscaping of the grounds.
As of August 2021,
General Fund: $605,000
Landscaping Fund: $76,700
The Legacy Society is currently 30 members who have committed to making a contribution to the Endowment Fund at the time of their death.
As of August 2021,
General Fund: $605,000
Landscaping Fund: $76,700
The Legacy Society is currently 30 members who have committed to making a contribution to the Endowment Fund at the time of their death.
