The Endowment Fund was instituted in 2008 to establish a permanent reserve fund that generates income to support the ongoing mission, outreach, programs and facilities of the Church outside of the annual operating budget. The fund is designed to be a lasting legacy for donors, giving you the comfort of knowing that your generosity will benefit the Church and School for many years into the future.
The Fund is governed by a committee of five members appointed by the Vestry. Members of the Endowment Committee may not simultaneously serve on the Vestry.
The goal is to have the Fund grow through donations, capital appreciation and income retention. The assets are invested in mutual funds or similar instruments that the Committee believes will efficiently provide for capital appreciation and income on an attractive risk adjusted basis.
How to Support the Endowment Fund
Donations can be made openly, anonymously or in memory of a loved one. Checks should be made payable to “St. Andrew’s Endowment Fund” and mailed to St. Andrew’s or put in the collection plate at any service. It is possible to name St. Andrew’s Endowment Fund as a beneficiary of your life insurance policy or donate a fully-paid life insurance policy. It is also possible to name St. Andrew’s Endowment Fund as a beneficiary of your IRA or Employer-Sponsored Retirement Plan. The Fund will accept gifts that are designated for a specific purpose, provided that those gifts exceed $10,000 in amount.
For any questions concerning the Endowment Fund, please contact the church office at 908.464.4875 or email@example.com.