Endowments

Seven endowment funds are currently established which mirror the ministries of the church. Gifts can be designated to a specific fund, or if non-specified, gifts will be placed in a long-term reserve fund for ongoing capital needs of PPC.

• General Endowment

• Hylton Music Ministry

• Mission

• Musical Instrument

• Pastor’s Discretionary

• Scholarships

• Senior Adult Ministries

• Founders’ Fund (for Facility Projects)

• Avram Family Fund for Education Toward Social Transformation

All funds placed in any of the Foundation endowments are professionally managed. Investment results are reviewed regularly by the Foundation Board. While all seven of the Funds are managed as endowment funds, the Foundation accepts gifts to all of the funds from a giver’s current assets, their trusts, or estate.

A wide variety of gifts are accepted by the Foundation to benefit the church. Gifts may include outright cash, donor-advised fund grants, foundation grants, qualified charitable distributions (QCDs), transfer of securities, beneficiary designations through a bank, investment account, life insurance policy, or retirement plan, and gifts through estate.

Investments and receipt of gifts are both guided by the church’s Investment Policy Statement.  Each year the Foundation shares a percentage of its assets with the Session for the good of the church.