The J.C. Button Endowment Foundation - RCLPC
"Take advantage of numerous ways to donate a legacy gift to the church you love.
Endowment gifts can be important, benevolent additions to your will or estate plan."
Most Frequently-Asked Questions
What is the J.C. Button Endowment Foundation?
What is the Foundation's mission?
How can I give?
Do my Endowment Gifts replace my other forms of giving?
How much of the Foundation's generated income will the church use?
Can I ask that my Gift be used in a special way?
The Mission Account
The Music Account
The Education Account
The Building Account
The Church Life Account
The Undesignated Account
The Operating Account
Who manages the JC Button Foundation?
What's the composition of the Endowment Group?
How can I start giving?
What if I have more questions?
Where can I get more information about Endowments?
What is the J.C. Button Endowment Foundation?...
...An arrangement that allows you to set up an enduring investment in the church, to extend your generosity to the church beyond your lifetime, and to leave a legacy for future generations of RCLPC members.
Be a Foundation participant. When you do so, you will touch the lives of countless others, create lasting memories, and return God's love by sustaining and strengthening the church.
What is the Foundation's mission?...
...To secure and maintain the long-term financial health of the church, its programs and ministries through charitable contributions from members and friends.
How can I give?...
- Direct Gifts (Living Contributions) -
- Cash or checks
- Real Property
- Tangible Personal Property (jewelry, art work, collections)
- Deferred Gifts (Legacy Contributions) -
- Bequests via your will.
- Bequests via your life insurance policy.
- Charitable Remainder Trust, Charitable Gift Annuity, Pooled Income Fund, or Life Estate Trust.
Do my Endowment Gifts replace my other forms of giving?...
No, endowment gifts are supplemental to your usual, annual financial contributions to the church.
How much of the Foundation's generated income will the church use?...
In most cases, the church may use up to 70% of the Foundation's investment income from each account from the previous calendar year. The Session will coordinate distributions. It is intended that the funds will be used for ministries over and above those covered by the annual budget.
Can I ask that my Gift be used in a special way?...
Yes, you can place your Gift in any of the following five designated accounts:
- The Mission Account - creates, sustains, and expands mission works in the local community and around the world. Up to 70% of the prior year's income from this account will be available to the Session for mission use over and above what has been budgeted.
- The Music Account - pays for music program expenses that exceed the amounts budgeted by Session. Some examples may be extra musicians in support of the choir, concerts by visiting musicians, equipment and instruments. Up to 70% of the prior year's income from this account will be available to the Session for music use over and above what has been budgeted.
- The Education Account - offers educational experiences and courses for church members and friends. Also, it sustains community efforts to improve educational opportunities for the less advantaged. Up to 70% of the prior year's income from this account will be available to the Session for education use over and above what has been budgeted.
- The Building Account - supplies funds for capital projects such as a new church building, major remodeling, improvements to the property, property acquisition (if deemed by the Board of Trustees to be in the best interest of the church), and energy efficiency improvements and repairs and building preservation that exceed the scope of the Session budget.
"The principal and income will remain in the account unless the Session determines that it is needed to accomplish the purposes of this account. The income from this account will not be made available to Session annually. The Session may draw on this account when 80% of the Session votes to do so."
- The Church Life Account - provides funds for purposes not covered in the previous four accounts. Examples may include major office equipment purchases or leasing, software, system enhancements. Session may draw funds from this account when 80% of Session votes to do so.
- The Undesignated Account - the Undesignated Account will receive gifts which the donor intends to be endowed but for which the donor did not indicate a specific purpose. Contributions to this account are endowed. It is intended that the principal remain in the account. Up to seventy per cent (70%) of the prior year's income from this account will be available to the Session for transfer to the Operating Account or for expenditures related to the purposes of the Mission, Music, Education, Building, or Church Life Accounts. In the event more than 70% of the prior year's investment income is needed or to distribute principal, a vote of 80% of the members of the Session is required.
- The Operating Account -
the Operating Account is to provide funds for the expenses of managing, maintaining or operating The J. C. Button Endowment Foundation. Contributions to the account are not endowed. The Endowment Group, in discharging its responsibility for day-to-day operation of The Foundation, will draw upon the Operating Account as necessary to fund the expenses of managing, maintaining and operating The Foundation.
Who manages the J.C. Button Foundation?...
The Session is responsible overall for the Foundation - its operation and its use of assets.
The Endowment Group is in charge of the Foundation's day-to-day administration.
What's the composition of the Endowment Group?...
Seven persons compose the Group:
- Four persons from the congregation
- Session member selected by Session
- The Pastor
- The Church Treasurer
How can I start giving?...
- Print out and complete the Gift Information Form: Gift Information Form
- Mail the form to the church office at: Ridgefield-Crystal Lake Presbyterian Church, Att: Endowment Group, 8505 Church St, Crystal Lake, IL 60012; or, hand the form to an Endowment Group member.
What if I have more questions?...
Send your questions in an e-mail memo to: email@example.com or contact an Endowment Group member.
Where can I get more information about Endowments?...
- Read "Guide to a Christian Will" (There will be a link to the digital version of the doc when we secure one.)
- Read "Composing a Legacy" (There will be a link to the digital version of the doc when we secure one.)
- Go to The Presbyterian Foundation (http://www.presbyterianfoundation.org/)
- Read a detailed accounting of the J. C. Button Endowment Foundation: Endowment Foundation By-Laws