“You can’t take it with you,” is an old saying that means, When someone dies, all of his or her earthly treas-ures are left behind, and cannot be transferred to our eternal life.” Most people agree that this is true.
But what is also true is that we do have a say about how our treasures will be utilized, and by who, after we pass on. This is called “estate planning” or “legacy planning.” The legal documents that give instructions to others after we are gone are called “wills” and “trusts.” Wills and trusts are legally binding directives about how our assets will be distributed after our death.
Most people make these plans so that loved ones and dependents are remembered and cared for after our death. Among those who can be remembered include your congregation, St. Paul’s. By leaving some of your assets to St. Paul’s, you ensure that the congregation’s ministry will remain strong and have the re-sources it needs to continue proclaiming the Good News to future generations.
In January, 2014 the congregation adopted a resolution to establish an endowment fund for St. Paul’s. The mission of the fund is, “to receive, invest, and utilize member’s legacy gifts according to established policies and guidelines approved by the congregation.” A goal of $5,000 was set for 2014 to provide initial funds to establish the Endowment Fund.
The Congregation Council has been working hard to prepare the Endowment Fund Policy, guidelines and to adopt a plan for implementing the congregation’s intention. This January the Policy and Guidelines will be presented to the congregation for approval.
The Endowment fund for St. Paul’s will receive and invest gifts given to the fund. The principal of the fund will stay intact, and the appreciation and interest earned by the investment will be used to support the on-going mission and ministry of the congregation.
Off the top of my head, here are some ways that you might consider giving to the endowment fund:
- Gifts of cash, stock or property can be given in memory of or in honor of someone at any time
- St. Paul’s Evangelical Lutheran Church, Cordova, MD can be designated as a beneficiary of your will, trust or insurance policy upon your death
- In Lieu of gifts at birthdays, anniversaries, etc., people can be asked to make a gift to St. Paul’s Endowment Fund
I truly believe that your participation in the formation and on-going work of the endowment fund will be a blessing to those who follow in our path. Please look for more information in future newsletters and com-munications from the Congregation Council. If you have questions or would like to discuss your participation in an Endowment Fund, please be in touch.
Trust in God, Pastor Thom