Donations are accepted to the Chapel for a variety of things. Offerings given with no designation go to fund Chapel expenses such as salaries, maintenance, children’s activities, and committees. Any net income for the month is then divided among benevolence, missions, and scholarships. Donors may also give to specific programs within the Chapel by designating their wishes.
Jesus said, “From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked.” (Luke 12:48b) the Endowment Committee mission is to provide members with unique financial contribution opportunities in support of Chapel ministries over the long term in accordance with the Big Canoe Chapel Board of Trustees Resolution on July 15, 2007.
The Endowment Fund allows the Chapel to expand its multi-denominational mission by supporting those exceptional or long term programs which cannot be sustained by the Chapel‘s annual giving campaign. Although the Chapel’s annual outreach, mission and scholarship programs already enrich the lives of thousands, there is so much more that could be done. The Endowment Fund can pool the resources of several gifts to accomplish goals that a single donor could not achieve.
Most donations to the Endowment Fund have been unrestricted gifts, allowing the contribution to be used where needed most for purposes designated by the Endowment Fund Committee and Board of Trustees. However, some donors have established restricted gifts, designating specific charitable purposes for their contribution. For example, your gift could support a special music or speaker series, a long-term mission project to a specific underprivileged population, ongoing funding for a favored Chapel activity, or scholarships for youth, members or clergy to attend mission trips or other programs. The potential scope of such gifts are limited only by your imagination and the charitable purposes established by the Chapel. The Endowment Fund is uniquely suitable to accept and coordinate a wide variety of planned giving strategies that your estate planning and legal advisors may recommend, such as: A bequest in a will, a gift of real or intangible property (e.g., stocks), a charitable remainder trust, designation as a beneficiary of a life insurance policy, charitable gift annuities, retirement plan donations The Endowment Fund welcomes your gift-supporting ideas of ways to increase God’s loving ministry through the Chapel. Contact the Chair of the Endowment Fund Committee for additional information.
Something to remember: If you are 70-1/2 or older and have an IRA, you may have a optional way to support the Chapel, the IRS allows tax-free contributions to a charity like the Chapel direct from your IRA that will not be included in your taxable income for 2015. There are details you should discuss with your professional advisor before taking action.
Bequests by Will
This can be as simple as adding a codicil to your will in the form of a specific amount, or a percentage.
These examples can all have significant impacts on taxes and estate planning. Advice from your accountant or estate attorney is always recommended.
The Endowment Fund welcomes your gift-supporting ideas of ways to increase God’s loving ministry through the Chapel. Contact the Chair of the Endowment Fund Committee for additional information.