WHAT IS THE FOUNDATION?
The Foundation was created in 1965 by members of the Carmel Presbyterian Church as a tangible expression of their faithfulness to God’s call to love and care for one another and to spread the Gospel. The Foundation enables members of our Church to create a lasting legacy which will sustain its ministries for the benefit of future generations. Since its inception, through donations and earnings, more than $4 million has flowed through the Foundation to support the mission of our Church.
The Foundation consists of several unique funds divided into two categories – unrestricted and restricted. Monies in the unrestricted fund can be used for any purpose consistent with our Church’s mission. Allocation from this fund is determined by the Foundation Board and approved by the Session of our Church. Restricted funds are used for a particular purpose as specified by the wishes of the donor.
Donations to the Foundation come from several sources. The Foundation accepts cash and stock holdings, gifts from wills, life insurance policies, trusts and real estate. An individual can make donations to any of the Foundation’s existing funds as a one-time gift or even on a monthly basis.
A listing of these funds is provided below.
CARMEL PRESBYTERIAN CHURCH ENDOWMENT FUNDS
- CURRENT FUNDS -
PHILIP FUND (NAMED FOR PHILIP THE EVANGELIST, ACTS 8)
The donor designated this fund to assist programs or projects that are external to the life of our Church, such as worldwide mission projects, evangelism, disaster relief and other worthy causes.
POLLY PARIS ANDREW DEACONS FUND
The income from this fund shall be used solely by the Board of Deacons to benefit the elderly and persons in need.
EDWARD A. ADAMS FUND
This fund shall be maintained for the purpose of enabling eligible ministerial and executive employees to purchase a personal residence in the Carmel area.
This fund was established specifically to be used for needs in Carmel, California.
DEKAY FUND & STODDARD FUND
BUILDING AND GROUNDS FUND
Income generated in these funds shall be used to pay the salaries of ministers in training and/or interns for the Youth Program of our Church.
Gifts made to this fund shall be allocated to the acquisition and development of real property for Church facilities, building expansion, renovation, equipment, emergency repairs, or other capital expenditures related to our Church buildings and grounds.
MCKEE ENDOWMENT FUND
Income from this fund will be used for major maintenance and repair costs to our Church buildings, specific to nonrecurring and special projects which are not covered by the annual operating budget of our Church.
Ten percent of the principal in this fund shall be used annually for any purpose, at the direction of the Foundation Board for any purpose consistent with the mission of our Church.
YOUTH MUSIC FUND
This fund was established for the development of a youth orchestra at CPC.
DICK NYSTROM MEMORIAL FUND
This fund was established for the purpose of providing funds for the CPC Men’s Ministry and for scholarships for CPC youth retreats.
The purpose of this fund is to employ innovative ways to glorify God and make Him known. Grants from this fund will be used to inspire and start new outreach opportunities in the local area.
WHAT'S NEXT FOR THE FOUNDATION?
The Foundation Board is considering ways it can magnify its impact on the mission and ministries of Carmel Presbyterian Church by growing the financial capability of its existing funds and by creating new funds. Even small gifts can make a lasting difference! If your desire is to establish a new fund or include CPC in your estate planning, please contact one of the Foundation’s Board members who will explore with you, in confidence, ways in which your gift can fulfill the mission of Carmel Presbyterian Church now and for years to come.
SOME OF YOU MAY ASK...
Should I give to the Foundation or to CPC’s annual operating needs? The Foundation addresses unique needs outside the Church’s operating budget and are generally long term in nature. Giving to CPC will satisfy its operating needs for the upcoming year. Our prayer is you will consider both.