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22 February 2012
SUNDAY WORSHIP Join us for worship this Sunday at 10:45 a.m. About First Presbyterian Come to the About Us section to meet Pastor Dobi, and find out what we're all about! Join Us! If you're curious about what a truly nurturing community of believers is like, then you should come to the Join Us section to find out how you can get involved. New Pix Come to the photo gallery to check out our most recent pictures. About Presbyterians Find out about the Presbytrerian Church and the history of this wonderful organization on our What is the Presbyterian Church page. Deadlines: Bulletin: By noon on Wednesday prior to Sunday. Newsletter: Third Wednesday of each month. |
Investment
This committee serves at the sole purpose of the Session and is responsible for the endowment funds and their earnings. * * The Memorial Endowment Fund was founded on October 27th, 1914 and has had principal added to it through the years by gifts and bequests of members and friends of the congregation. This fund is restricted from being used for the general running expenses of the Church. The income from the fund is available for use in general repairs, permanent improvements of the church property, mission giving and special donor identified uses. In no case is it used for ordinary, small, current repairs. And the principal is not available for use. The earnings on this fund are to be available for all future years within these guidelines. The fund earnings are usually approximately $75,000 per year. The committee oversees a professional investment management company, which invests in a safe manner, as dictated by the founders of the fund. Contact: Dale W. Deist, Chairman and current Elder [ddeist@bucksfab.com and 724-699-9267] Committee of five: David Geisel, Bill Fagley, Jeff Wallace: members at large, plus Bretton Walberg, Treasurer and Session Finance Chairman, and Pastor Dobi, ex-officio member [Session appoints the five members of this committee] We are indeed blessed at the saints of years past whose gifts and bequests have provided cash principal whose 5.5% earnings annually help with the mission and operation of our Congregation. The earnings from these funds are used for the donor’s requests. Anyone interested in investigating adding monies to this ongoing stewardship may contact their estate advisor or the Chairman of this committee who can provide some general information and guide them to a list of local professionals, and banks that can provide custom advice to achieve these gifting goals. Interestingly there are at least half a dozen different methods that individuals can gift while accommodating their own individual maintenance and tax needs. If you feel lead to do this, please call for more information. In His Service, The Investment Committee of Session for Eternal Endowments
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