Memorials & Endowments
MEMORIAL & ENDOWMENT FUNDS
Memorial & Endowment Fund gifts in memory of or in honor of loved ones are welcome and appreciated. Please make the gift to Shandon Presbyterian Church and indicate the person (or occasion) to be remembered or honored. Notification will be sent to the appropriate persons.
Sharing your faith and material gifts is a means of demonstrating the true meaning of Christian stewardship. The Trustees encourage you to consider prayerfully giving to the permanent funds of the church. Perhaps the greatest reward of giving to the permanent funds of the church is the knowledge that the gift will continue in future years to assist in the propagation and proclamation of the Christian faith throughout the mission of Shandon Presbyterian Church. If you would like to make a gift, establish a new named fund, or establish a charitable gift annuity, please contact Mr. Steve Smith, Chair of the Trustees (251-2045).
Common Questions
What are memorial and endowment funds used for?
The memorial and endowment funds are pooled and invested. Earnings from
investments provide permanent resources for building needs, childcare
scholarships, college scholarships, music ministry, spiritual
enrichment, theological training, outreach funds and youth service
projects.
What are the advantages to a donor?
- Tax
Advantages: Donors of memorial and endowment funds receive the maximum
tax advantages allowed by law. (Please consult your tax advisor with
any questions.)
- Permanence: A gift to the
Memorial and Endowment Funds will give back to Shandon Presbyterian
Church in perpetuity and will enable us to build a legacy for the
future of Shandon Presbyterian Church, its members, and community.
simplicity Donating to a fund is simple and requires little paperwork.
The trustees and/or business manager will be happy to help complete and
file any paperwork on the donor's behalf.
- Flexibility:
Donors may select from a wide variety of established funds serving
various ministries, outreach and scholarships. Un-specified donations
will be received by the general endowment fund. Many assets, such as
stocks and bonds, real estate, life insurance, and cash may be
contributed.
- Recognition or Anonymity: Donors
may choose to receive recognition for their donation and may name their
fund for their family or an individual if the donation exceeds $25,000.
Some donors prefer anonymity.
- Public Accountability: The Presbyterian Church (U.S.A.) Foundation publishes an annual report that includes financial statements audited by an independent firm.
How are funds managed?
The Book of Order provides that Trustees elected by the congregation
shall "manage any permanent special funds for the furtherance of the
purposes of the church, all subject to the authority of the Session."
The Session and the Trustees not only ensure that the wishes and
instructions of the donor are followed but also regularly review the
management of the funds. The funds are pooled and invested through the
Presbyterian Church (USA) Foundation. For 200 years, the Foundation has
managed funds from individuals and the endowments of churches,
governing bodies, and church-related institutions of the Presbyterian
Church (USA). The Foundation provides professional money management and
economies of scale out of reach for an endowment fund of a single
church.
CURRENT MEMORIAL FUNDS
Music Funds
Gene Lindler Memorial Music Fund
Established by bequest in the will of Gene Lindler to be used to
support and enrich the music ministry of Shandon Presbyterian Church.
Margaret Hook Davis Organ Fund
Established by the Charitable Remainder Unitrust of Margaret Hook Davis
as a permanent endowment to be used for the maintenance, support and
improvement of the organ of Shandon Presbyterian Church.
Educational and Spiritual Enrichment Funds
John Preston Lectures
Established by the family of John M. Preston to bring outstanding
Christian lectures to Shandon Presbyterian Church for an annual weekend
of spiritual enrichment.
Sarah Touchton Christian Education Fund
Established by the Touchton family in memory of Sarah Touchton to
provide funds for Shandon Presbyterian Church School teachers and
leaders to participate in conferences and training events in the area
of Christian education.
Jerry Hines Memorial Fund
Established by Jan Hines as a memorial to her husband, Jerry Hines, who
was devoted to the life of Shandon Presbyterian Church and worked to
insure that all who came found a welcoming worship experience. The
income from the fund is to be used for projects that enhance a
welcoming atmosphere in worship or extend the outreach of the
congregation into the community.
Outreach Funds
Alice Smith McHugh Memorial Fund
Established by Matthew Lee McHugh as a memorial to his wife for her
"devotion to her church" and because "she was always aiding those in
need." Income from this fund goes to the "Minister's Discretionary
Fund" for the needy.
Noble Youth Fund
Established by the Frederick Noble family in memory of his parents to support youth involvement with mission work.
L. Robert Schwinn, Jr. Memorial Outreach Fund
Established by Norma T. Schwinn in memory of her husband, L. Robert
Schwinn, Jr. to fund the Outreach Ministry of Shandon Presbyterian
Church in its Global Mission grant program.
Lewis F. Galloway Community Outreach Fund
Established by special gifts and bequests to be used to support service projects and outreach programs in the community.
Child Development Center Funds
J. Chappell Moore Fund
Established by Mrs. Edna Burton Moore in memory of her husband to
provide educational opportunities through scholarships for children who
would otherwise find it impossible to attend the Shandon Presbyterian
Church Child Development Center.
Joseph Hayne Witherspoon Fund
Established by the Witherspoon family in memory of Hayne Witherspoon to
provide scholarships to the Shandon Presbyterian Church Child
Development Center for children in need of financial assistance.
Ella Martin Stuck Scholarship Fund
Established by gifts from family and friends in memory of Ella Martin
Stuck (January 17, 1984 - August 23, 2000), Ella was the daughter of
Dr. William W. and Mrs. Nona Martin Stuck and the sister of David, Mary
Hollis and Carl Stuck. The purpose of the fund is to provide
scholarships for at-risk children who would not otherwise have the
opportunity to attend the Shandon Presbyterian Church Child Development
Center.
Mary Margaret Brown CDC Resource Fund
Established by Mark and Susan Chappell to honor Mary Margaret Brown,
whose loving heart and caring spirit has touched the lives of so many
Shandon children for over 35 years, to provide teaching resources for
the teachers at Shandon Presbyterian Church Child Development Center.
Scholarship Funds
Bolick Memorial Scholarship Fund
Established by Wilbur and Sarah Bolick Smith to provide college
scholarships to members of Shandon Presbyterian Church who have
exemplified high academic standards and leadership qualities.
Chapman Educational Fund
Established by the wills of Cliff and Marguerite Chapman to provide
scholarships for members of Shandon Presbyterian Church who desire to
study for the Presbyterian ministry or other Presbyterian vocations.
Edwin and Susan Hemphill Memorial Scholarship Fund
Established by Bennet and Alice Clark in memory of her parents, W.
Edwin and Susan Moffett Hemphill, to provide an annual undergraduate
college scholarship for a Shandon Presbyterian Church student who has
demonstrated high academic achievement and exemplary Christian
character.
William Boyce Marion Christian Service Trust Fund
Established by Mrs. Margaret Bryan Marion in memory of her son, to
assist young people of Shandon Presbyterian Church in preparation for
active Christian service.
James M. Smith Scholarship Fund
Established in memory of James M. Smith by members of his family to
provide undergraduate college scholarships for members of Shandon
Presbyterian Church who have exemplified high academic standards and
leadership qualities.
Other Endowed Funds
Guy White, Jr. Memorial Endowment Fund
Guy Haywood White, Jr. directed that a percent of the value of his
estate be given to charity. The family desires to establish the Guy
White, Jr. Memorial Endowment Fund in his memory and directs that the
proceeds of the invested funds be used to maintain the property of the
church. It is their desire to remember "Pappy" in a way that "will
support the mission of the church he loved and that will stand as a
memorial to the great Christian we knew."
General Endowment Fund
Established by a bequest in the will of Hilda Hunter to be used as
designated by the Session. This fund includes gifts and bequests to the
church for special projects and programs critical to the mission of the
church which require funding over and above the budget.
F. Lawrence Davis Building Fund
Established by the Charitable Remainder Unitrust of Margaret Hook
Davis, as a memorial to her husband, F. Lawrence Davis, to be used for
the maintenance and improvement of the buildings and grounds of Shandon
Presbyterian Church.
