Trinity Endowment Fund
In 2003 the Vestry established the Trinity Endowment Fund to enable the Parish to fulfill its mission more completely by developing its Christian-based ministries beyond what is possible through Trinity’s annual operating budget. An Endowment Board was established to administer and invest both the Endowment Funds and the Vestry Controlled Capital Funds. The 1821 Legacy Society was established by the Endowment Board to recognize and thank those who make planned gifts to Trinity Parish and encourage others in stewardship beyond this life. Every planned gift, regardless of the amount, helps Trinity maintain its Historic Church, build and develop its North Campus, and expand the proclamation of Jesus Christ within and beyond its walls. While Capital Gifts are spent as soon as it makes sense for capital improvements to expand the church’s capacity to do good, the Endowment Funds are slowly generating the ability to do good work through grants to the church and other organizations within the community.
In our lives as disciples we have three giving scenarios – Income Giving, our annual tithe to support the ministry of the church; Asset Giving, to support the capital needs of the church; and Estate Giving, to continue to give to our church after we pass from this life. Estate Giving can take two forms: Capital Gifts, which are used when the Vestry determines they would best be used to fund growth projects; and Endowment Gifts, which grow the principle to fund sustainability.
When you make Trinity Parish part of your planned giving over and above your annual stewardship, you automatically become a member of Trinity’s 1821 Legacy Society. You may make a planned gift to either a Capital Project, such as the Downtown Campus “Beyond Bricks” or the North Campus “More than Bricks” campaigns, or to the Parish Endowment Fund.
Membership in the 1821 Legacy Society is not dependent upon a dollar amount, all that is necessary is to advise the Rector or Endowment Board Chair that you have included Trinity Parish as part of your planned giving. As a Legacy Society member rest assure that you have looked beyond this life by investing in “the generations to come.” (Ps. 78:4)
The investment policy is based on a strategy for long-term growth of the endowment and provides guidance with portfolio targets and asset allocation ranges to achieve reasonable total return on assets, while limiting risk exposure to preserve capital.
Expendable funds are determined on the basis of total return and are not dependent on income generated through interest or dividends. The funds available for distribution during any one year are limited to a percentage of the market value of the fund based on a four-quarter rolling average, with measures taken at the end of each of the preceding four quarters. It is the goal of the Board to grow, or at least maintain, purchasing power of the fund, taking inflationary effects into account.
Suzy Bagan, Chris Delaporte, Doc DeLaughter, Peggy Gachet, Mary Claire Gaze, Scott Kophamer, and Allen Ness – Chair. Ex Officio Voting Members: Fr. Matt Marino – Rector, Meredith Schwarz – Sr. Warden. Ex Officio Non-voting Member: Keith Hall – Parish Treasurer.