GENERAL PURPOSE ENDOWMENT FUNDS 

“Leaving a Legacy, Empowering the Church”

 

LEGACY FUND- your donation allows the Board of Trustees to determine how the funds are to be managed and used in ways that support the missions, ministries, and facilities of First Church. There are no restrictions regarding the type of investment, retention of principal, or purposes for Legacy funds. The Trustees consult with Church Council prior to approving grants from the Legacy Fund. Typical uses of money from this fund include: major church repairs, building improvements, operational support, insurance, new programs, capital campaign support, and property acquisition/development.

LUCETTA C. GEARHART (REMEMBRANCE) TRUST FUND- your donation provides support for worship enhancement, historical preservation, artistic enrichment, community service, improved accessibility, seminarian and ministerial support, and welcoming of visitors. The Trustees invest the assets of the Fund. Church Council in consultation with the Remembrance Committee approves requests for this Fund.

Past uses of the General Purpose Funds

  • Supplement the donations to the annual operating budget to maintain the quality of ministries, staff, and programs especially during economic downturns.
  • Preserve the outstanding church facilities by funding most major repairs including tuck pointing, boilers, HVAC systems, plumbing, and roof.
  • Underwrite the costs of major equipment and system replacement (copiers, phone systems, computer systems, lawn tractor, kitchen equipment)
  • Award special grants to help defray the start-up costs of new programs and ministries
  • Protect the church and staff by providing property and liability insurance and modern security systems.
  • Make a “lead gift” to capital campaigns
  • Encourage staff growth via professional development and sabbatical support.
  • Support of staff search committees
  • Fund special Church events, activities, and expenses.

The Legacy Fund is the unrestricted endowment fund of the church and includes several named endowment funds given by individuals who sought to ensure the future activities of First Church through a major unrestricted donation:

  • Comstock Fund (1874)
  • Washington Gladden Memorial Fund (1917)
  • Frederick W. Schumacher Fund (1947)
  • Jeffrey Fund (1956)
  • Vandegriff Memorial Fund (1965)
  • G. Tod D. Lum Fund (1984)
  • J. Ray Waller Fund (1989)
  • Carmen Williams Fund (1997)

MAKE A GIFT TO ONE OF THESE FUNDS TODAY BY COMPLETING THE ENDOWMENT FUND GIVING FORM AND RETURNING IT WITH YOUR CHECK TO 444 E. BROAD ST. COLUMBUS OHIO 43215.

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