| Riverside Presbyterian Church • 116 Barrypoint Road • Riverside, Illinois 60546 • (708) 447-1520 Fax (708) 447-1525 • www.rpcusa.org |
Riverside Presbyterian Church
Endowments to RPC
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
116 Barrypoint Road
Riverside, Illinois 60546
Riverside, Illinois 60546
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
And God is able to provide you with every blessing in abundance, so that by
always having enough of everything, you may share abundantly in every good
work. -2 Corinthians 9:8
Thank you for considering a gift to the RPC Endowment Fund. Over the years,
many programs at our church have benefited from the earnings of endowed gifts
left by friends and members of our church.
The Endowment Fund started in 1981 by resolution of our Session. The initial
deposit, made expressly for the start-up of an endowment fund, was in the amount
of $20,000. The donors requested that earnings from their gift be applied 50% to
building maintenance, 25% to mission outreach, and 25% to each year’s general
budget. Since receiving this extremely generous and foresighted gift, donors
have made hundreds of gifts, in various amounts, for different RPC programs, for
many thoughtful reasons. Sample donations have come from: estate and will
distributions; the 1987 roof repair project; memorials and remembrances; 401(k)
and IRA distributions; simple gifts of thankfulness; Easter and Christmas special
gifts.
Gifts made to the Endowment Fund are applied to fund designated programs of
our church. The principal of each gift remains untouched and will continue to
generate income for future generations. The fund is managed prudently and
professionally, with oversight assistance by the Presbyterian Church (U.S.A.)
Foundation. The RPC Endowment Committee acts as a conduit between the
donors' wishes and the investment managers, distributing earnings to church
programs on a periodic basis.
Over the years, RPC has used earnings from its endowment fund for many
purposes. Riverside Presbyterian Church is thankful for these precious financial
resources – now and forever.
Is R.P.C. Included in Your Will?
When you leave a bequest to R.P.C., you can make a generous gift without
reducing your current income. Charitable bequests are normally deductible in full
for estate tax purposes.
The Benefits to You:
• You can make charitable gifts through your will that are deductible for estate tax
purposes.
• You retain use of the assets during your life.
• You also can set up trusts or gift annuities through your will or revocable trusts.
Sample Language for a Will:
The following are recommended clauses that may be used to make a gift to the
Endowment Fund through your will or revocable/living trust.
1. General Unrestricted Bequest
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, [percentage of residue, sum, or description of
property], the principal and income of which shall be used for such Riverside
Presbyterian Church purposes as the Endowment Committee may determine.”
2. Specific Program – But Unrestricted as to Use
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, [percentage of residue, sum, or description of
property], the principal and income of which shall be distributed by the
Endowment Committee to the [name of Program] for use where the need is
greatest.”
Note that the R.P.C. Endowment Fund’s Special Programs include:
Building and Grounds
Continuing Education
Mission Program
Music Program
Pastor Home Equity Fund
3. Bequest of Residue – after all other bequests are made
“All of [or a portion of] the rest, residue, and remainder of my estate, both real
and personal, of every kind and description, wherever situated and whether now
owned or hereafter acquired, including any power of appointment, I give, devise
and bequeath to the Riverside Presbyterian Church Endowment Fund, Riverside,
Illinois 60546, the principal and income of which shall be used for such Riverside
Presbyterian Church purposes as the Endowment Committee may determine.”
4. Contingent Bequest – if other bequests cannot be completed
“In the case of a failure or lapse of any legacy or device herein such that the
property so bequeathed or devised would pass by intestacy, I direct that in lieu
thereof such property shall pass to the Riverside Presbyterian Church
Endowment Fund, Riverside, Illinois 60546, to be known as the [name] Fund, the
principal and income of which shall be used for such Riverside Presbyterian
Church purposes as the Endowment Committee may determine.”
OR
“If [none of] the above person[s] [does not] survive[s] me, or if there is no one in
existence who is a member of the class of persons designated in paragraph [ ], I
give, devise and bequeath such property to the Riverside Presbyterian Church
Endowment Fund, Riverside, Illinois 60546 to be known as the [name] Fund, the
principal and income of which shall be used for such Riverside Presbyterian
Church purposes as the Endowment Committee may determine.”
5. Addition to the Endowment Fund
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, the sum of $____ Dollars [or otherwise describe
the gift].”
always having enough of everything, you may share abundantly in every good
work. -2 Corinthians 9:8
Thank you for considering a gift to the RPC Endowment Fund. Over the years,
many programs at our church have benefited from the earnings of endowed gifts
left by friends and members of our church.
The Endowment Fund started in 1981 by resolution of our Session. The initial
deposit, made expressly for the start-up of an endowment fund, was in the amount
of $20,000. The donors requested that earnings from their gift be applied 50% to
building maintenance, 25% to mission outreach, and 25% to each year’s general
budget. Since receiving this extremely generous and foresighted gift, donors
have made hundreds of gifts, in various amounts, for different RPC programs, for
many thoughtful reasons. Sample donations have come from: estate and will
distributions; the 1987 roof repair project; memorials and remembrances; 401(k)
and IRA distributions; simple gifts of thankfulness; Easter and Christmas special
gifts.
Gifts made to the Endowment Fund are applied to fund designated programs of
our church. The principal of each gift remains untouched and will continue to
generate income for future generations. The fund is managed prudently and
professionally, with oversight assistance by the Presbyterian Church (U.S.A.)
Foundation. The RPC Endowment Committee acts as a conduit between the
donors' wishes and the investment managers, distributing earnings to church
programs on a periodic basis.
Over the years, RPC has used earnings from its endowment fund for many
purposes. Riverside Presbyterian Church is thankful for these precious financial
resources – now and forever.
Is R.P.C. Included in Your Will?
When you leave a bequest to R.P.C., you can make a generous gift without
reducing your current income. Charitable bequests are normally deductible in full
for estate tax purposes.
The Benefits to You:
• You can make charitable gifts through your will that are deductible for estate tax
purposes.
• You retain use of the assets during your life.
• You also can set up trusts or gift annuities through your will or revocable trusts.
Sample Language for a Will:
The following are recommended clauses that may be used to make a gift to the
Endowment Fund through your will or revocable/living trust.
1. General Unrestricted Bequest
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, [percentage of residue, sum, or description of
property], the principal and income of which shall be used for such Riverside
Presbyterian Church purposes as the Endowment Committee may determine.”
2. Specific Program – But Unrestricted as to Use
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, [percentage of residue, sum, or description of
property], the principal and income of which shall be distributed by the
Endowment Committee to the [name of Program] for use where the need is
greatest.”
Note that the R.P.C. Endowment Fund’s Special Programs include:
Building and Grounds
Continuing Education
Mission Program
Music Program
Pastor Home Equity Fund
3. Bequest of Residue – after all other bequests are made
“All of [or a portion of] the rest, residue, and remainder of my estate, both real
and personal, of every kind and description, wherever situated and whether now
owned or hereafter acquired, including any power of appointment, I give, devise
and bequeath to the Riverside Presbyterian Church Endowment Fund, Riverside,
Illinois 60546, the principal and income of which shall be used for such Riverside
Presbyterian Church purposes as the Endowment Committee may determine.”
4. Contingent Bequest – if other bequests cannot be completed
“In the case of a failure or lapse of any legacy or device herein such that the
property so bequeathed or devised would pass by intestacy, I direct that in lieu
thereof such property shall pass to the Riverside Presbyterian Church
Endowment Fund, Riverside, Illinois 60546, to be known as the [name] Fund, the
principal and income of which shall be used for such Riverside Presbyterian
Church purposes as the Endowment Committee may determine.”
OR
“If [none of] the above person[s] [does not] survive[s] me, or if there is no one in
existence who is a member of the class of persons designated in paragraph [ ], I
give, devise and bequeath such property to the Riverside Presbyterian Church
Endowment Fund, Riverside, Illinois 60546 to be known as the [name] Fund, the
principal and income of which shall be used for such Riverside Presbyterian
Church purposes as the Endowment Committee may determine.”
5. Addition to the Endowment Fund
“I give, devise and bequeath to the Riverside Presbyterian Church Endowment
Fund, Riverside, Illinois 60546, the sum of $____ Dollars [or otherwise describe
the gift].”