2019 Was a Successful Year for the RCPC Endowment Fund 2020 Presents Even More Opportunity
A successful year for the RCPC Endowment Fund may be defined as a year in which worthy and qualified uses of all of the formulated Fund’s Annual Disbursement Amount, as directed by the Endowment Fund’s Articles of Organization – Spending Policy, is utilized. And so, based on this definition of prudent spending, 2019 was a very good year for the Endowment Fund, with sizable grants and donations spread over three categories of giving:
1) Local Grant, including The Roanoke Rescue Mission, Salvation Army Turning Point, The Bradley Free Clinic, The Ronald McDonald House of SWVA, Trees Roanoke, Junior Achievement, and Lovable Services. These Local Grants represented a total of $108,424
.2) International Grants, including New Mercy Care, Nairobi, Kenya, and Abulkoi Enterprises, South Sudan. These International Grants represented a total $23,500.
3) Special Qualified Funding for one-time church projects including the RCPC Deaf/Hard of Hearing Mission and RCPC Pew Racks. These grants represented a total of $7,340.
The sum of all such 2019 off-budget Endowment Fund charitable contributions totaled $139,264.
The Endowment Fund is truly working to make a meaningful difference in people’s lives. The even better news is that through steady growth in the Fund’s assets, we will have an increase in available funds to deploy in 2020 toward international and local charitable opportunities. Please contact any Endowment Board member or active Elder or Deacon should you have a desire to suggest a charitable project or nonprofit institutional need for consideration. The same is true should you have an interest in potentially making a monetary gift or a future bequest through a will to The Endowment Fund.
Happy New Year! -Bobby Cooper, Chair, RCPC Endowment Fund