The Endowment Fund of King of Glory Lutheran Church in Tempe, Arizona, has been established to support the congregation’s future work.
The Fund has been established to receive offerings from wills, trusts, and other estate planning documents.
Gifts to the Fund can also be made upon the death of a family member or friend. Those offerings are given in thanksgiving for God’s work as a testimony for future generations while honoring the memory of our loved ones.
All donated principal to the Endowment Fund will be held in perpetuity and shall not be withdrawn from the Fund without congregational discussion and approval. Typically funds withdrawn are only from the interest accrued from the principal.
Endowment distributions may be used for four (4) broadly defined categories:
(1) Domestic and foreign missions
(2) Church non-recurring capital expenses
- Alteration or development of the Church’s physical property
- Support of capital building funds
- Retirement of Church debts
(3) Support for special projects not ordinarily included in the annual operating budget
(4) Community outreach
The goal of the Fund is to provide financial support for the ministry of King of Glory as it serves God’s people today – and for years to come – by providing a permanent investment vehicle to assist the Church’s mission.
The Church Financial Committee shall be responsible for managing the Endowment Fund and assisting donors who want to contribute to the Endowment.