Endowment Fund Ministries
The Endowment Fund exists for the purposes of augmenting the budget and ministries of Union Church and providing members and friends an additional way of contributing to the future efforts of the church.
How We Serve
The Endowment Fund is comprised of both designated and undesignated gifts. Those making designated gifts to the Endowment fund (in excess of a certain amount) may specify which ministry or function they wish to benefit from annual income generated by the fund. The bulk of income generated by the undesignated portion of the fund is turned over annually to the Budget Committee of the church to be utilized according to the priorities established by the congregation and leadership of the church.
The principal in the Endowment Fund, approximately $1.8 million as of December 31, 2007, is invested according to best principals in money management as outlined in the policies of the Endowment Fund Ministry. Members of the Ministry include individuals with professional financial backgrounds and performance is measured against various benchmarks. Over its history, the Endowment Fund has outperformed those benchmarks in almost all instances.
At the beginning of every year, 5% of the average ending-year market value of the fund for the prior three years is allocated to income, which is then sub-allocated among the various designated funds as well as the undesignated fund. Specific boards are charged with determining the best use for income for the designated funds; the Endowment Fund Ministry is charged with distributing income from the undesignated fund, which it has chosen to turn over to the Budget Committee for the most part (for 2007 the amount turned over to the general budget of the church was approximately $60,000).
Thus, a gift to the Endowment Fund produces benefits year after year—and may continue to do so forever. In the long run, it provides benefits far in excess of the amount of the original gift.
How We Are Organized
The Endowment Fund Ministry has three principal functions:
- Development, which works with individuals to determine the best way in which they can share their gifts with the church
- Education, which works to inform the church and local community on matters of financial interest
- Investment, which focuses on maximizing the value of the Endowment Fund through prudent investment strategies
How You Can Help
The primary goal of the Endowment Fund Ministry is to work with members and friends of Union Church to help them provide a lasting legacy to the church through specified bequests in their wills to The Endowment Fund of Union Church of Hinsdale. We also welcome designated and undesignated contributions in the form of cash, appreciated securities, insurance policies, etc. and stand prepared to work with individuals and families to discuss a variety of alternative ways in which they may make gifts to the Endowment Fund, recognizing different needs for tax and life-income purposes.
Together, we have all made a lasting impression upon this community through the work of Union Church. A bequest to the Endowment Fund allows that work to continue beyond the days we have been blessed with on this earth. Please consider the Endowment Fund in the bequests listed in your will.