Our Investment Funds are a great source of opportunity for us as a congregation and somewhat of a mystery to most of us.
To summarize, we have an endowment of over $5 million dollars which supplements our pledges and rental income. These funds have been established by those who have gone before us.
Our 2022 operating budget estimated income is roughly $980K. 65% comes from pledges, 11% from rental and non-pledge gifts and 24% from our endowment. We have decided as a church to take a rolling 3-year average of 5% of the general endowment for our budget which this year amounts to $234K.
Approximately 80% of the endowment funds are general purpose use and 20% are designated purpose use. There are approximately 15 of these designated purpose funds: some are directed for facility maintenance use, some for flowers, some for youth, music, etc. In fact, there is a fund to supplement any member of our congregation who wishes to go to seminary.
Over the next few weeks, I will describe some of these funds and what opportunities they have provided for us.
If you have any specific questions or comments, please contact me- Janet Hall.