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The International Council of Community Churches

The International Council of Community Churches. Uniting Christians in their rich diversity through the love of God and with the spirit of community. The Permanent Endowment Fund. Where your gifts keep on giving!. What Is An Endowment Fund?.

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The International Council of Community Churches

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  1. The International Council of Community Churches Uniting Christians in their rich diversity through the love of God and with the spirit of community.

  2. The Permanent Endowment Fund Where your gifts keep on giving!

  3. What Is An Endowment Fund? • It is like a savings account where you can only withdraw the interest it earns. • It provides yearly income to a charitable organization such as the International Council of Community Churches (ICCC).

  4. What Makes An Endowment Fund Permanent? • The Endowment Fund’s principal (the sum of all contributions to the Fund) will not be spent unless there is an extreme emergency. • To use the principal to meet an extreme emergency requires: • A 3/4ths vote of the delegates at an Annual Conference PLUS • A 3/4ths vote of the Board of Trustees

  5. When Was The Council’s Endowment Fund Established? • A resolution to establish the Fund was passed at the ICCC’s 2000 Annual Conference • The Fund was launched at the 2001 Annual Conference when the first gifts were received and Trustees elected.

  6. Why Was The Permanent Endowment Fund Created? • To ensure that the Council has the financial strength for generations to come by: • Continuing to strengthen existing programs; • Creating new programs that support the Council’s mission; • Providing funds for adequate staffing.

  7. How Is The Permanent Endowment Fund Administered? By a committee of six trustees. The Endowment Fund Trustees are separate from the Trustees which govern the ICCC. They are elected by delegates to the Annual Conference. The Trustees serve three-year terms.

  8. How Does The Endowment Fund Receive Monies and Other Gifts? • Gifts come from Council members, friends, churches and other institutions wishing to support the purposes of the Fund and the mission of the ICCC. • Gifts can be cash and securities given in the present or future planned gifts through bequests, insurance policies, trusts, and annuities.

  9. Other Kinds Of Gifts Can Also Be Received By The Fund.These Include: • Real Estate • Artwork • Jewelry and Gems • Collections such as art, coins or stamps

  10. Who Will Manage The Endowment Fund Investments? • The New Covenant Fund, part of The Presbyterian Foundation. • It is deemed the best-managed denominational endowment fund. • It works exclusively with Christian organizations. • It only invests in socially responsible stocks and bonds. • It does not invest in companies that don’t support racial diversity

  11. Why Should You Support The Permanent Endowment Fund? • To express gratitude for the blessings the Lord has given you. • To support and perpetuate the values and ideals that you and the ICCC cherish: • Racial inclusiveness • Non-denominationalism • Ecumenical engagement • Strong support of missions

  12. How Can You Benefit From Making A Gift To The Fund? • You can choose how the taxable portion of your estate is to be used: • By Uncle Sam OR • To support your faith, values and ideals Leave a legacy for generations to come • You can minimize taxes

  13. You Can Choose How Your Gift to the Fund will be Used • You can give Unrestricted Gifts (encouraged) • ICCC Board determines best use • You can give Restricted Gifts for such things as: • Capital expenses • Missions • Scholarships

  14. What Size Should An Endowment Fund Gift Be? • There is no minimum gift amount. • Any and all gifts that will help the Fund better support the Council are welcome. • Gift should be in addition to regular gifts to the Council’s operating budget. • Names of all donors will be published in the Annual Conference program– unless anonymity is requested.

  15. The Endowment Fund Recognizes A Variety of Giving LeveIs Based on a Donor’s Total Gifts: • Acolytes $1 to $ 999 • Disciples $1,000 - $ 2,499 • Teachers $2,500 - $ 4,999 • Deacons $5,000 - $ 9,999 • Apostles $10,000 -$24,999 • Angels $25,000+

  16. Who Are Burkhardt and Evans Supporters? They are individuals and couples who have made one or more current gifts totaling $5,000 or more to the Endowment Fund. Revs. Roy Burkhardt & Joseph Evans founded the ICCC in 1950. Member supporters are given special recognition in appreciation for their commitment to the Council’s future.

  17. What Are Named Funds? • THESE FUNDS: • Are named after the donor(s) or other persons honored or memorialized; • Require a minimum $10,000 in gifts; • The fund name and amount are published in each Annual Conference program

  18. What Are Designated Purpose Funds? • THESE FUNDS: • Can be named after the donor(s) or other persons honored or memorialized; • Allow the donor to choose how income is used– fund is physically separate. • Requires a minimum $25,000 in gifts; • The fund name, amount and purpose are published in each Annual Conference program

  19. What is an Endowment Fund Guardian Angel? • Guardian Angels are individuals or couples who remember the Council through an estate/ planned gift: • Wills or • Trusts • By being a Guardian Angel you can: • Leave a lasting legacy of love AND • Reduce taxes on your estate

  20. What is the Endowment Fund’s Financial Goal? • To reach $1 million in gifts. • That level of funding can generate $200,000 in dividends and appreciation for the Council over 5 years. • It will take many gifts of all sizes to reach the goal. All gifts are important. • $189,200 in gifts made through June 30, 2013.

  21. What Are The Endowment Fund’s Current Assets? • As of June 30, 2013 the Fund had $224,816 in assets. • As of June 30, 2013 the Fund’s assets were invested in two mutual funds: • New Covenant Balanced Growth Fund (60% of total asset $) [consists of 65% stocks, 35% bonds] • New Covenant Balanced Income Fund (40% of total asset $) [consists of 35% stocks & 65% bonds]

  22. How Can You Make a Gift? • For more information on the Endowment Fund contact the ICCC headquarters: • (815) 464-5690 • ICCC60423@sbcglobal.net • 21116 Washington Parkway, Frankfort, IL 60423-3112 • OR visit website: www.ICCCUSA.com

  23. The ICCC Permanent Endowment Fund • Your opportunity: • To make a gift that makes a difference; • To perpetuate the faith, values and ideals that form the core of your beliefs.

  24. The ICCC Permanent Endowment Fund Your opportunity to give gifts that keep on giving!

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