Endowment web page

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Endowment web page

  1. 1. MISSION/PURPOSE: The purpose of the people in need in our Congregation,Zion Endowment Fund is to serve as a our community, our nation, ormeans for donors who wish, through their elsewhere in the world.charitable gifts, to advance the mission ofthe church by providing permanent funding TYPICAL DISTRIBUTION AMOUNTS: Totalfor special missions, scholarships and annual distribution amounts available areoutreach ministries of the Congregation and based on annual investment earnings andthe wider church. recently have varied between $3,000 and $5,000. Individual scholarships and grantsTHE ENDOWMENT COMMITTEE: The Fund awarded have ranged from $500 to $1,500is managed by an Endowment Committee, each.elected by the Congregation, which hasauthority to accept charitable gifts to the APPLICATION PROCESS: Committeefund, invest funds, and to consider and distribution decisions are based on writtendistribute funds consistent with the applications received by an announcedfollowing established guidelines. deadline, normally in the first week of August each year. (Watch for publishedDISTRIBUTIONS: Distribution of funds will announcement of deadline). Scholarshipbe made annually to accomplish the application forms are available from thefollowing purposes: Church office or web site. Grant applications can be submitted in letter form  Scholarships to attend college. describing the purpose of the grant and Preference will be given to; budget details. members of Zion Lutheran Church in good standing, students attending an ELCA college, students preparing for a Church occupation, students with greater financial need, and students in more advance stages of education.  Mission development (home or foreign); financial support to individuals or organizations involved with the extension of the Church in foreign countries or within the United States, such as new mission congregations, or support to missionaries to countries outside the United States.  Outreach ministries. This includes support for creating, enhancing, or supporting spiritual growth or caring ministries reaching out to groups of

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