Fellowship Endowment Fund

The Endowment Fund was established in January 2001 with a seed gift of $30,000 to facilitate legacy giving.  After this generous gift, the fund grew slowly during the first  four years, reaching the level of almost $40,000 by the end of 2004.  In the past two years, however, it has grown rapidly, reaching over $70,000 at the end of 2005, and exceeding $114,000 as of March 31, 2007.  Gifts of appreciated stock have played a major role, providing a substantial tax benefit for the donors, while supporting the future of the church family.

In 2006, the Endowment Committee held a very successful campaign to reach the $100,000 level and bring the message of the Fund to the attention of the congregation.  This spiritually driven event was extremely successful, generating gifts from over forty families with the total gifts of over $35,000 and exceeding our $100,000 goal by a comfortable margin.  Over the past six years, earnings and appreciation of assets have added significantly to the Fund’s value. 

Annually, we will disburse our income to further God’s work according to the by-laws of the Endowment which includes outreach into the community, missions of the ELCA or Fellowship Lutheran, capital improvements, debt reduction, or a building program of FLC. The first distribution of funds will take place October 31, 2007.  The goal of the Endowment Committee is to grow the Fund to $1,000,000 through gifts, memorials, and legacies in order to provide more Christian outreach opportunities and to be responsible stewards of the financial gifts that have been received.