You can support mission with an endowment fund.

The Presbyterian Foundation manages nearly 7,000 endowment funds which have been irrevocably gifted to the Foundation. The funds pay income to a variety of charitable beneficiaries specified by the donors. Individuals, organizations and congregations establish permanent funds at the Foundation to ensure Christ’s mission is carried out for generations.

A Perpetual Source Of Income

Endowment funds provide a perpetual stream of income to the beneficiary while preserving the long-term purchasing power by using a Spending Formula calculation. The Spending Formula is based on a total return distribution policy adopted by the Foundation. In addition to providing perpetual income, the Spending Formula dampens the effect of significant peaks and valleys in market performance may have on other methods of distribution – the income paid to beneficiaries is not directly tied to the highs and lows of market performance.

The Spending Formula seeks to preserve the long-term purchasing power of the endowment fund, while at the same time provide appropriate and sustainable levels of income to support mission both now and in the future. The Spending Formula takes into consideration the historical and projected factors of inflation, the stock and bond markets, as well as proper margins for safety. Using the Spending Formula, payments are calculated using a fixed percentage payout of five percent (5%) and a rolling twenty-quarter average of the fund's market value with an eighteen-month lag.

To learn more concerning establishing an endowment fund click here.