The Elim Endowment for Mission provides a long-term fund attracting both current and pre-planned future gifts, as people are inspired to leave a legacy for ministry. Apportionments from the “total return” of the fund can be distributed to support mission work at home and around the world.
Distributions from the endowment fund come from an amount set annually by the Elim Leadership Team. The fund grows through additional gifting that is actively solicited by a five-member elected Endowment Committee. Prudent distribution strategies then protect the endowment fund principal, while a steady stream of returns is provided from which mission and ministry can be strengthened for years to come.
The Endowment Committee also administers an application process through which grant requests for mission projects can be received and considered. Grants are awarded upon the basis of criteria set each year by the Endowment Committee and Leadership Team. New applications for grants may be submitted beginning on June 1 of each year and can be considered as funds remain available until the following first day of March.
The endowment fund creates a financial resource above and beyond regular giving that will allow our church to support:
Please note the following criteria for the 2017-18 year. Projects should:
Applications will be accepted from June 1, 2017 – March 1, 2018 on a rolling basis and will be considered as long as funds are available.
Applications can be delivered to the church office (54 Baker Street, Petaluma, CA 94952), emailed to email@example.com, or completed online.