endowment
overview
The FBCA Endowment Fund was established in 1999 as a way to financially support the church for years to come. The endowment principal (initial gift or bequest) is held permanently and invested over the long term. Only the investment earnings, including interest, dividends, and capital appreciation may be spent to support the church’s mission.
While regular tithes and offerings support the church budget and normal operating expenses, Endowment grants can support things like maintenance and improvement of the church’s building and grounds, educational scholarships, and missions projects. The Endowment Committee reviews and approves grant requests at their quarterly meetings.
While regular tithes and offerings support the church budget and normal operating expenses, Endowment grants can support things like maintenance and improvement of the church’s building and grounds, educational scholarships, and missions projects. The Endowment Committee reviews and approves grant requests at their quarterly meetings.