Endowment Funds exist for the continuance and spreading of the ministry of St. Andrew. At present, there are two kinds of Endowments available:
Capital Endowment Fund
This fund exists to take care of special physical needs of St. Andrew that may arise in the future, from the purchasing of land and buildings, to the replacement of roofs or heating/air conditioning units. Giving to this fund enables the congregation to build up cash reserves to take care of these items, without taking money from our yearly budget which would otherwise go to do ministry.
Ministry Endowment Fund
This fund helps give additional funding to either existing ministries of the church, or to provide “start-up” funds for new ministries. Gifts to this fund help to supplement areas of particular concern to members (i.e. “music fund”), and may have restrictions placed upon them (see, for example, the Rothermel Fund), guiding the use of the funds.
Specific items may be endowed (i.e. “the roof,” “Parish Nurse Program”), although it is more useful to the congregation to have unspecified endowments, giving the congregation more flexibility in meeting its needs. Endowments may be given as Memorials. For more information on Endowment Funds, see the Congregational Treasurer.