The Endowment Fund

The purpose of the fund is to invest money received by the fund through donations and bequests which form the principal of the fund. The earnings or income generated by these investments provides money for grants to support non-budgetary ministries of the church.

How it works.

 

Donations to the Fund may be designated to one of the following categories: Undesignated; Capital Repairs and Improvements; or Caring Ministry. Donations that are not otherwise designated automatically are considered as contributions to the “undesignated” category.

Grant requests may be submitted by PRLC members for new ministries or programs not supported by the General Fund Budget. Grants are considered based on their relationship to the following categories:

  1. Capital repairs and improvements at PRLC;

  2. Extending the caring ministry of Jesus Christ through the mission and ministries of the larger church;

  3. Strengthening faith and evangelism through ministry to the neighboring community of PRLC; and

  4. Scholarships for rostered and lay ministries of the ELCA.

Grants requests may be either approved or denied by the Endowment Committee based on the requests’ compliance with the Fund’s by-laws. Approved requests then go to the Church Council for action. The Church Council can take final action on individual grants of $5,000 or less. Grants in excess of $5,000 require Congregational approval.

If you would like to apply for a grant, please download the application form, fill it out, and submit it to the church office. You can also fill out the online form.

Further information regarding the PRLC Endowment Fund is available by contacting the Parish Administrator.