The Purpose of the Foundation
The Session of First Presbyterian Church established the Foundation in the summer of 2004.
The mission of the Foundation is to encourage and manage gifts, bequests and contributions that will be used to expand and enrich the ministry of the church both locally and globally. Gifts to the Foundation are not intended to replace the generous congregational giving needed to meet normal daily operating needs.
Foundation gifts grow in value and earnings. Each year the Foundation makes funds available to the church that can be spent to expand outreach, wor-ship, Christian Education, and property.
Giving is a wonderful expression of faith. Gifts to the Foundation provide church members with an opportunity to support church ministry beyond their earthly life.
The Foundation provides a management system that will grow, protect and supervise the use of the funds.
The mission of the Foundation is to encourage and manage gifts, bequests and contributions that will be used to expand and enrich the ministry of the church both locally and globally. Gifts to the Foundation are not intended to replace the generous congregational giving needed to meet normal daily operating needs.
Foundation gifts grow in value and earnings. Each year the Foundation makes funds available to the church that can be spent to expand outreach, wor-ship, Christian Education, and property.
Giving is a wonderful expression of faith. Gifts to the Foundation provide church members with an opportunity to support church ministry beyond their earthly life.
The Foundation provides a management system that will grow, protect and supervise the use of the funds.
Can I specify how my gift will be used?
The Foundation provides the donor with flexible choices regarding how their gifts will be used.
The church prefers that donations are allocated across the following three funds based on the Foundation’s guidance though donors can specify that their gift be included in one or more of these funds:
Outreach Fund—may be used for lo-cal, national, or world outreach programs not normally funded by the operating budget of the church. Funds may also be used to enhance existing outreach programs.
Property Fund—may be used for extraordinary property maintenance, building renovation, or new construction not normally funded by the operating budget of the church.
Worship/Christian Education Fund—may be used for Worship and Christian Education projects not normally funded by the operating budget of the church.
A specifically designated fund can also be established and managed by the Foundation. A specifically designated fund allows the donor to designate the program or activity. Specifically designated funds are, however, required to meet certain Foundation minimum requirements.
The church prefers that donations are allocated across the following three funds based on the Foundation’s guidance though donors can specify that their gift be included in one or more of these funds:
Outreach Fund—may be used for lo-cal, national, or world outreach programs not normally funded by the operating budget of the church. Funds may also be used to enhance existing outreach programs.
Property Fund—may be used for extraordinary property maintenance, building renovation, or new construction not normally funded by the operating budget of the church.
Worship/Christian Education Fund—may be used for Worship and Christian Education projects not normally funded by the operating budget of the church.
A specifically designated fund can also be established and managed by the Foundation. A specifically designated fund allows the donor to designate the program or activity. Specifically designated funds are, however, required to meet certain Foundation minimum requirements.
How can I make a gift to the Foundation?
Examples include:
An outright gift to the Foundation (i.e. cash or stock)
A simple amendment or “codicil” to a will
Name the Foundation as a beneficiary of an IRA (Individual Retirement Ac-count), 401(k) plan, or other tax deferred account. You need not name the Church Foundation as the sole beneficiary of an account; rather, the Foundation could be named as recipient of a specified part of the account.
Name the Church Foundation as a beneficiary or partial beneficiary to a life insurance policy.
Gifts of any amount are welcome.
Most gifts are tax deductible.
Gifts should be directed to the
First Presbyterian Church Foundation
An outright gift to the Foundation (i.e. cash or stock)
A simple amendment or “codicil” to a will
Name the Foundation as a beneficiary of an IRA (Individual Retirement Ac-count), 401(k) plan, or other tax deferred account. You need not name the Church Foundation as the sole beneficiary of an account; rather, the Foundation could be named as recipient of a specified part of the account.
Name the Church Foundation as a beneficiary or partial beneficiary to a life insurance policy.
Gifts of any amount are welcome.
Most gifts are tax deductible.
Gifts should be directed to the
First Presbyterian Church Foundation
Foundation ManagementThe Foundation is administered by a nine (9) member Board composed of ordained elders and lay members of the congregation that are elected by the Session. Committee members serve three (3) year staggered terms. The Church Treasurer is an ex-officio member of this Board
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Contacting the FoundationContact any Foundation Board Member or the minister to arrange a meeting with the appropriate board member or members to discuss your giving wishes. All conversations and discussions with the Board will be maintained in the strictest confidence. The Board’s goal is to serve your needs and wishes. Confidential email may be sent to
foundation@firstpresnb.org. |
Current Board Members |
