An endowment is a permanently restricted, self-sustaining source of funding. Earnings are paid out annually according to the donor’s wishes. What a wonderful way to honor a family or remember important people in your life while assisting the local church or ministry of your choice. Contact the Foundation if you'd like more information on how to establish an endowment.
Klingbeil Legacy Grant: Churches that establish a new endowment fund with the Foundation from July 1 - December 31, 2022 will receive an instant grant of 10% of the amount invested. For example: A church that establishes an endowment of $50,000 would receive an instant grant of $5,000 to bring the principal up to $55,000. An endowment of that size will typically generate about $2,500 annually. The maximum new endowment size is $250,000 plus a $25,000 grant, or $275,000.
Endowments keep the principal amount intact forever but allow you to use the investment income for the ministries of your church.