PURPOSE OF THE ENDOWMENT FUND
The purpose of the Hoffman Trinity Lutheran Church and School Endowment Fund is to receive gifts and bequests and to use them to further the mission and ministry of the Trinity Evangelical Lutheran Church and School, Hoffman, Illinois and the Lutheran Church—Missouri Synod, its districts, seminaries, colleges, institutions and agencies.
WHO ADMINISTERS THE FUND
An Endowment Fund Committee, consisting of the congregational treasurer and five elected members of the congregation, is responsible for investment of fund assets and for making recommendations to the Church Council and Voters’ Assembly for distributions out of the fund. The Pastor and President of the congregation are non-voting members of the Endowment Fund Committee.
HOW ENDOWMENT FUNDS
WILL BE INVESTED
Endowment fund accounts may be held with any of the following:
Thrivent Financial for Lutherans
Local insured financial institutions
HOW TO CONTRIBUTE TO THE
Individuals who desire to support the Fund should
designate their gift to: “
These designations will ensure that gifts will be administered according to the terms of the Fund.
If you would like to make a current contribution to the fund, you may fill out the contribution form that is part of this brochure, place it in an envelope and either put it in the collection plate or deliver it to the church office.
TYPES OF GIFTS ACCEPTED
The Endowment Fund accepts gifts from individuals, businesses, trusts, and estates. Individual gifts can be made during an individual’s lifetime, or following death through memorials, a bequest or gift in a will or trust, or through beneficiary designation of some or all of the proceeds of a life insurance policy, annuity, or retirement plan.
Gifts to the Endowment Fund may be designated as follows:
Unrestricted Gifts—These gifts are added to the principal of the fund and are distributed as recommended by the Endowment Fund Committee to the Church Council and approved by a majority vote of the Voters’ Assembly. Distributions from unrestricted funds are made for the same purposes as for Restricted Funds.
Congregational Restricted Funds—Gifts may be designated for specific missions and ministries of the congregation, as follows:
1. Worship Enrichment. Examples:
a. Scholarships for students going into full-time church work.
b. Building and grounds improvements.
c. Church music.
d. Electronic or technological improvements. (Sound system, audio-visual equipment, office machines, computers, etc.)
2. Lutheran Education. Examples:
a. Special projects to support local Christian education. (VBS, Sunday School, Confirmation, Adult Classes, etc.)
b. Scholarships for day school or high school.
c. Special projects to support our congregation’s day school and pre-school. (Computers, new desks, teacher continuing education, etc.)
a. Specific mission and ministry opportunities outside of our congregation. (World mission projects, mission projects of the Southern Illinois District, grants to LCMS colleges, seminaries, high schools, and LCMS affiliated ministries)
DISTRIBUTION OF FUNDS
Requests for distribution of unrestricted funds may be submitted to the Endowment Fund Committee by congregational members, committees, or boards seeking resources for a project within the mission and purpose of the Endowment Fund. The Endowment Fund Committee will review such requests and make recommendations to the Church Council and Voters’ Assembly for distribution.
Distribution of restricted funds will be directed to the appropriate areas within the congregation for projects or budgets for each of the restricted categories, allowing that congregational area to determine the spending of the distribution amounts.
Distribution amounts will be the greater of the net income earned, or a minimum percentage of 4% of the fair market value of the Endowment Fund and will be disbursed at least annually.
HOW YOU CAN HELP
You can help by prayerfully considering a contribution
to the Endowment Fund. Including the
Endowment Fund in your estate planning is an excellent way to provide long-term
financial assistance in furthering the growth, mission, and ministry of our
local church and the
If you are interested in learning more about the Endowment Fund, please contact the church office at (618) 495-2545 or the school office at (618) 495-2246.
Freely you have received, freely give.
For you know the grace of our Lord Jesus Christ, that though he was rich, yet for your sakes he became poor, so that you through his poverty might become rich.
2 Corinthians 8:9
Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal.
But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal.
For where your treasure is, there your heart will be also.
HOFFMAN TRINITY LUTHERAN
CHURCH AND SCHOOL
Amount of Contribution:
In honor or memory of (if applicable):
Designation of Contribution (Mark one):
_____ Unrestricted contribution
_____ Worship Enrichment
_____ Lutheran Education
_____ Mission & Ministry