Page 20 - Annual Meeting, 2020

1. Long term expenses of the church (including capital acquisitions, improvements,
renovations and replacements).
2. Outreach ministries.

The Endowment Fund is invested through the Diocesan Trustees of the Funds. The
Endowment balance changes through gifts, a reinvestment of earnings and special
distribution requests.

1. Gifts. The Fund is funded by “inter-vivos” gifts and contributions as well as bequests of
cash and other donations such as securities, life insurance policies, real estate, etc. We
request donations at Easter and Christmas, specifically. $750 was added at Easter in 2019.

2. Reinvestment of earnings. The Fund also grows through a reinvestment of earnings.
The earnings are calculated based on 4.5% of the average balance of the fund over 5 years.
In 2019, $3,011.24 in earnings was reinvested as of Nov, 2019 compared to $2,565.84 in
2018.

3 . Special distribution requests. Any request for funds during the years for the uses
mentioned will decrease the balance of the fund.

This is a planned giving fund. You can leave a specific gift, a percentage of your residual
estate or a special asset to the church. An attorney can take your existing will and make
such an addition. The bequest is subtracted from your estate for tax purposes to lower your
potential tax. Besides the tax advantages, you can have the pleasure of providing for the
church as your final gift to the church.

Please consider donating to this fund to help ensure the ongoing life and work of St. Peter’s.
Anyone desiring to donate cash or other assets can contact Johnny Davis or any other
Trustee for help with questions or information.

A copy of the Endowment Fund document is available online –
http://www.churchsp.org/endowmentfund

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