The Endowment Committee is a group of dedicated parishioners who manage The Endowment Trust Fund.
The purpose of the Endowment Trust Fund is set forth in our church’s by-laws. Simply stated, earnings generated by the Endowment are available to the parish for almost any purpose that the operating fund does not support. Important interests of this church which are not supported by the operating fund include capital improvements and debt reduction, scholarship or grants for education and training, community outreach and mission projects at home and overseas.
We, at St. Michael’s & All Angels’, are blessed with certain amounts of time, talent, and treasure. Parishioners give to St. Michael & All Angels’ operating fund each year; however, just as a family sets aside some of its treasure for future need, our church does also. The Endowment is separate from our operating account.
How well our church needs are met depends on whether or not we set aside a portion of our individual resources for the future. Unlike annual pledging, most planned giving to the Endowment comes from bequests, investments and other deferred giving.