The Holy Spirit Endowment Fund
Supporting our Future
Ever wonder how Holy Spirit plans for its future, beyond the annual budget? That's where our Endowment Fund comes in! Think of it as a special way to help our church grow in lasting ways. It's designed to support important projects that create a long-term, positive difference across our parish, helping us do more than our everyday expenses allow.
We've used it for bringing inspiring speakers to DOK events, beautifying our campus and hosting community events like Trunk or Treat. These aren't just one-time occurrences; they're investments in our shared mission. The Endowment Fund helps ensure Holy Spirit continues to thrive for generations, building a strong, lively community for tomorrow, starting today.
Holy Spirit Episcopal Church Endowment Fund Grant Application
All Grant applications will be evaluated by the Endowment Fund Board of Directors (EFBD). Please provide as much detail as possible concerning your Grant request.
A unique Grant number will be assigned by the EFBD after receipt of application submission. This number is to be indicated on all communications with the EFBD and Grant disbursements.
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How Our Endowment Helps Us Grow
How does the Holy Spirit Endowment Fund consistently help Holy Spirit? It’s a carefully managed resource, providing a steady source of funding for valuable projects, now and for years to come. Our fund, started in the (1970’s?) is looked after by the Endowment Board, whose members are chosen by the Rector and approved by the Vestry. They guide our investments with Hightower Investments, helping the fund grow wisely for the Church.
The strength of an endowment is that only a small part of its earnings is used each year. This means the main fund can keep growing, especially with new gifts. As the fund gets larger, so does our ability to start important projects and deepen our commitment to our Church, School and the wider community. It’s about planning ahead and building a lasting foundation for Holy Spirit's needs.
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The Endowment Fund is here to help make it happen! We welcome thoughtful proposals from everyone in our Holy Spirit community – both Church and School. If your project promises to make a lasting difference, whether it's helping the parish grow, improving education, or enriching worship, we encourage you to share your idea. The Endowment Fund helps bring your good ideas to life, outside of our usual Church budget.
Applying for Endowment support is a clear process, starting with a simple grant application. You'll describe your project's goals, who will benefit, and how the money will be used. This helps our Endowment Board understand your vision and how it fits with our mission to build a strong, lively, and growing parish. Don't hesitate to share your ideas – the Endowment Fund is ready to help your ministry take its next step!
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Your Giving, Our Future
Ready to make a meaningful, lasting impact at Holy Spirit? Supporting our Endowment Fund is a wonderful way to invest in the Church’s long-term strength. Many parishioners choose to give through gifts of cash, stocks, or property, knowing their generosity directly helps our mission for generations. Others plan for the future by including the Endowment Fund in their will or by naming it as a beneficiary of a life insurance policy—a special way to ensure their legacy continues to bless our community.
You may have noticed the beautiful tree in the narthex with the golden leaves! This is a special way we honor gifts to the Endowment Fund. When contributions to the fund in memory of a loved one reach or exceed $1,000 (either as a single gift or in aggregate), their families are invited to place a leaf on the tree in their honor. These leaves also celebrate joyful occasions like anniversaries or weddings, marking moments of thanksgiving and connection. It’s a lovely way to link personal generosity and cherished memories with Holy Spirit's lasting growth.
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Keiko Davidson
Linda Higgins
Christine Pallenik
Joanne Polansky
Tom Snow
Ricardo Suarez
Procedures for the Administration of the Grant
Grant Disbursement:. Invoices for the Project are submitted by the Organization to the Church business manager using the EF Grant Disbursement form provided here on the Endowment Fund webpage. The Church business manager disburses funds from the Grant account for the Project upon receipt of the Grant Disbursement Form. The Church business manager will provide a detailed accounting of the expenditures under the Grant to the EFBD by providing copies of expenditure receipts and additional proof of fund uses
Final Report: The Organization will submit a final report to the Endowment Fund Board prior to Closing Time describing whether the goals and objects of the Grant have been met (as described above). At a minimum, the Organization should include:
Did the event meet the attendance goals?
What category of attendees were present, i.e., parishioners, school-related members, or community members.
Did the attendees indicate that the event’s objectives were met?
Please include any additional information that is relative to the grant’s objectives.
All invoices for the Project must be submitted to the Church business office within 90 days following the event. Any funds set aside for the grant will be returned to the Endowment Fund after 90 days. Exceptions may be granted on a limited basis by contacting an Endowment Fund board member.