The Foundation Board administers several major funds. These funds have been developed within the Foundation to enhance donor choice, to enable the donor to match their gift to a specific area of the church and for the purpose deemed by him/her to be most meaningful.
The Permanent Endowment Fund
Permanent Endowment Funds are designed to preserve their principal over time. Only a set percentage of the funds, usually 4% to 5% are approved by the Leadership Board, are used each year for grants.
There is a General Permanent Endowment Fund that can be used for any purpose that follows Trinity’s mission as well as three Designated Permanent Endowment Funds: Ministry, Missions and Youth.
The Unrestricted/Undesignated Fund
The Unrestricted/Undesignated Fund is made up of general gifts as well as gifts given in memorial or in honor of someone. Although this fund is also invested and earns dividends and interest, there is no cap on the dollar limit of grants that can be given from this fund. There is also no designation or purpose for which these funds can be used as long as it is within Trinity’s mission. Grants from the fund in excess of $25,000 are submitted to the Leadership Board for approval after approval by the Foundation Board.
The Unrestricted/Designated Fund
The Board may accept gifts for a particular current use specified by the donor if the Board determines that: (a) the specific purpose is consistent with Trinity’s mission; (b) there is an identified, extraordinary, and immediate need that can be met by the gift, and; (c) the Business Office is prepared to undertake the proposed project and supervise the expenditure of the current use gift.
All funds are managed in accordance with the Investment Policy of the Foundation.
Are Gifts to the Foundation Tax Deductible?
Yes, gifts to the Trinity Foundation receive the same favorable tax treatment for both income and estate tax purposes as tithes and offerings to the church.
Creating a Fund
Gifts to the Permanent Endowment Fund of at least $50,000 may be designated by the donor for a particular purpose. This is the agreement to be signed to ensure funds are administered according to your wishes.
A named fund may be set up under any existing category of funds with a donation of at least $10,000. This is the agreement to be signed to set up a named fund.
How to Give
When giving to the Trinity Foundation, donor wishes will always be followed as long as it adheres to Trinity’s mission and policies. It is the donor’s choice as to which of the funds will receive the gift; however, if no fund is designated, the gift will be added to the Unrestricted/Undesignated Fund.. Gifts by cash, check, or money order should be made payable to the Trinity Foundation.
Other gifts such as stocks or bonds should be transferred in the name of the Trinity Foundation. You may access our Gift Acceptance Policy here. Please contact the church office at 614-488-0695 to request more information or meet with the Senior Minister or Business Manager.