FoundationFor over 50 years the Foundation has provided support for First & Calvary Presbyterian Church beyond the capacity of its annual operating budget. Tax deductible bequests, contributions and memorial gifts over the years, coupled with sound financial management of the assets, have allowed improvements to Church facilities and support of programs of the Church. Planned gifts (see Planned Giving) by “faithful stewards” through wills or other estate planning has been the backbone of the assets contributed to the Foundation.
What is the Foundation's mission?
The purpose of the First & Calvary Foundation is to strengthen the mission and ministry of First & Calvary Presbyterian Church by receiving, developing, managing and distributing financial resources for the benefit of the Church. To that end, the First & Calvary Foundation will:
- Work to encourage and assist individuals and families in developing their estate stewardship plans and in completing charitable gift and planned giving arrangements;
- Manage assets under its control to achieve the highest total investment return consistent with prudent risk; and
- Regularly distribute income, and principal when appropriate, to assist with the programs and ministry of First & Calvary Presbyterian Church.
Ways to Contribute
There are a number of ways to make a gift to the Foundation ranging from outright gifts to life income plans to bequests. What best suits your personal circumstance and your wish to be a “faithful steward” is an individual matter. Your legal, tax and financial advisors can help guide you to the appropriate planned giving vehicle. Your Foundation can help you understand what the needs are or can advise you on creation of a new restricted fund that meets your vision of support for the mission and ministry of First & Calvary Presbyterian Church. Over the years, most gifts have been directed to the unrestricted Principal Fund because of its ability to respond to unanticipated needs of the Church.
There are three general categories of planned giving:
- living gifts,
- gifts that provide life income and
- gifts that flow out of the settlement of an estate.