- What is the Endowment Fund?
- What does the Fund Support?
- How can I Give to the Fund?
- How is the Fund Managed?
- The Endowment Fund: Past, Present, & Future
What is the Endowment Fund?
The Endowment Fund was created in 1967 to assist members and friends of River Road Church in providing long-term support for the Church and its programs. The Fund is intended to be a permanent funding source to directly benefit programs and ministries that the Church typically cannot fund through its annual operating budget. This allows the Church to accomplish projects and programs in keeping with its mission and ministries that might not otherwise be possible.
What does the Fund Support
The Board of Directors considers projects that can extend the reach of the Church’s mission to individuals, special situations, and other worthwhile projects. The Board considers requests for both program support and purchases of long-term capital assets. Programs that could be considered for support include music, worship, missions, and Christian education.
Each year the Board of Directors publishes a report to the Church about the activities of the Fund. Board members are also available to provide informational programs about the Endowment Fund to interested groups.
How Can I Give to the Fund?
Giving to the Endowment Fund is a special way for members and friends to provide long-term support and blessings to River Road Church, Baptist. Most donors allow the Fund to determine how their gifts can best be used to benefit River Road. If you wish the principal of a gift and/or the income it generates to be used only for a particular Church program or activity, however, the Fund will carefully follow those wishes. You also may make gifts to the Fund in memory of a deceased individual or in honor of someone still living, providing an ongoing memorial that benefits the Church and its programs.
The Fund accepts gifts of cash, stocks, bonds and, in certain instances, real estate, or other assets. Like gifts to River Road itself, gifts to the Endowment Fund are deductible for income, gift, and estate tax purposes. To make an immediate gift, please bring or send your gift to the church office with a notation that it is for the River Road Church, Baptist Endowment Fund.
You may provide for future gifts to the Fund by naming it the beneficiary of an insurance policy, retirement plan benefit, individual retirement account, living trust, or brokerage account. In your will you also may leave a share of your estate to the Fund in the form of cash, specific assets, a percentage of your total estate, or a contingent gift if a family member or other primary beneficiary does not survive you. By resolution of the Church, all estate gifts, trusts, and memorial gifts that are not designated for a particular purpose or given for use as general operating funds are irrevocably transferred to the Endowment Fund.
You can combine a gift to the Endowment Fund with provisions for family members by using such charitable giving vehicles as charitable remainder trust, charitable lead trust, and gift annuities.
Directors of the Endowment Fund will be happy to talk with you about giving opportunities. You also should consult your tax and legal advisors about the structure and tax consequences of various types of gifts.
How is the Fund Managed?
The Endowment Fund is a tax-exempt charitable corporation chartered on June 6, 1967. It is legally separate from River Road Church but exists solely to support the Church and its programs. The Fund is administered by a twelve-person Board of Directors who are chosen for three-year terms and are eligible for reelection. The charter requires all Directors to be Church members. The Board of Directors appoints is own successors and fills all vacancies as they occur.
The Fund selects professional asset managers to invest its assets. Under the direction of the Board of Directors they invest with an eye toward conserving and increasing its capital value, while generating returns that will enable it to support additional projects of the Church.